In today’s fast-paced business landscape, staying ahead means optimizing every aspect of your operations. One often overlooked area that can yield significant advantages is payroll management. Outsourcing payroll services is a strategic move that can streamline processes, boost efficiency, and drive overall business success. In this article, we’ll explore the top 10 benefits of outsourcing your payroll and why it’s […]
Here are the official public holiday dates in Malaysia for the year 2023. In total, there are 38 public holidays scheduled throughout Malaysia in 2023. Public HolidayDateDayAffected StatesNew Year’s DayJanuary 1, 2023SundayNational except Johor,Kedah, Kelantan, Perlis& TerengganuNew Year HolidayJanuary 2, 2023MondayNational except Johor,Kedah, Kelantan, Perlis& TerengganuYDPB Negeri Sembilan’s BirthdayJanuary 14, 2023SaturdayNegeri SembilanChinese New YearJanuary 22, 2023SundayNationalChinese New Year HolidayJanuary 23, […]
On 6 November 2020, the government announced its proposed Budget 2021 amidst our ongoing battle against the COVID-19 pandemic. This article focuses on several payroll and human resources highlights from the proposed budget: Reduction of Individual Income Tax Rate It is proposed that the resident individual tax rate be reduced by 1% (from 14% to 13%) for the chargeable income […]
What is Employment Retention Program? Employee Retention Program (ERP) is an immediate financial assistance worth RM600 monthly for employees who have been instructed to take unpaid leaves by their employers who are economically affected by the Covid-19 pandemic. What are the benefits under the ERP? Under the ERP, each eligible employee will receive RM 600.00 a month from PERKESO throughout the period they are put […]
What is Wage Subsidy Programme? Wage Subsidy Programme is financial assistance offered to employers of all industries with workers earning RM4,000 and below for a period of 3 months. The programme was announced by the government as part of its economic stimulus package meant. The wage subsidy programme is intended to both protect job security and assist employers who are […]
Does employer need to pay salaries to employees during the 14 days Movement Control Order (MCO) extension which started from 1st April 2020 till 14th April 2020? Yes, all salaries and fixed allowances are required to be paid to employees except for allowances that are related to attendance/travelling (which are NOT being performed during that period). Can employers advise their […]
Here we focus on some of the key highlights of Budget 2020 in respect of payroll and human resources. Here are some of the payroll and HR issues to look out for if you are running a business: Increase of Minimum Wage from RM 1,100 to RM 1,200 for Major Cities Businesses in major cities which are currently paying their […]
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