During the launch of the Government-Linked Companies (GLC) Open Day 2022 last Friday (11 March), Prime Minister Datuk Seri Ismail Sabri Yaakob said that all companies in the private sector should pay a minimum monthly salary of RM1,500 to their employees.
Ever since the Movement Control Order (MCO) was enforced, many employers were left with no choice but to deduct or cut the employees’ salaries. This has impacted many employed Malaysians to search for ways to survive financially. Read this article to find out how you can handle a pay cut during this pandemic.
In March 2020, our country, along with many others, was forced into a lockdown to curb the spread of the COVID-19 pandemic. What followed was the unfortunate event of having many jobs lost because businesses simply couldn’t generate revenue to cover the cost of their employees for this period.
Let’s be honest, we all need money. Whenever you don’t feel like getting out of bed, just remember that you still need to pay the bills and that will send a shock down your spine.
It’s easy to get pumped about a new job. After all, it does come with an entirely new set of opportunities and of course, a new paycheck! Perhaps one that is bigger than the one you have had before. That is awesome!
Many Malaysians have lost their jobs or been retrenched during the MCO. If you’re one of them, read this guide to learn more about the Employment Insurance System (EIS) or Sistem Insurans Pekerjaan (SIP) and how much you can claim for your unemployment benefits.
This article was first published on August 8, 2018 and has been edited and updated for accuracy and clarity.
