
What You Should Know About Salary Transparency
Many businesses use salary transparency to keep their employees productive and satisfied, in addition to offering incentive plans and opportunities for advancement.
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Many businesses use salary transparency to keep their employees productive and satisfied, in addition to offering incentive plans and opportunities for advancement.
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In Malaysia, it is occasional to find transparent employers with the salaries offered and high and competitive wages.
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The Malaysia Retailers Association (MRA) requests that the Human Resources Ministry classify minimum wages based on zones.
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Some workers have reported that their benefits have been cut by their employers after the new minimum wage was implemented.
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An economist has suggested that Malaysia should adopt an hourly-based minimum wage rate, saying it is much better for both employers and workers.
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Human Resources Minister Datuk Seri M. Saravanan said the RM1,500 monthly minimum wage is specifically for the fundamental wage and doesn’t include allowances and overtime pay.
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709 former workers of a company in Kemaman who were retrenched in 2014 will finally receive RM8.8 million in compensation.
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An economist said the government should not subsidise the RM1,500 minimum wage for SMEs that are unable to pay the sum as it will stifle productivity.
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HR Minister Datuk Seri M Saravanan said the government will implement the new RM1,500 minimum monthly wage on May 1 nationwide regardless of the situation.
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Human Resources Minister, Datuk Seri M Saravanan said some employment sectors will be given flexibility when the RM1,500 minimum wage rate law comes into effect on May 1
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