Podcast
Questions and Answers
What type of insurance is commonly bought by employers to protect their employees?
What type of insurance is commonly bought by employers to protect their employees?
- Retirement insurance
- Travel insurance
- Medical insurance
- Life and accident insurance (correct)
What is the purpose of employers paying a higher contribution to EPF on behalf of their employees?
What is the purpose of employers paying a higher contribution to EPF on behalf of their employees?
- To provide financial assistance to employees during retirement (correct)
- To encourage workers to develop themselves
- To reward employees for their loyalty
- To encourage employees to work overtime
What type of benefits may be provided to employees to help them with their personal emergencies?
What type of benefits may be provided to employees to help them with their personal emergencies?
- Time-off payments (correct)
- Subsidies and services
- Retirement benefits
- Loans to buy houses and cars
What is the purpose of employers providing financial services such as loans to employees?
What is the purpose of employers providing financial services such as loans to employees?
What type of benefits may be provided to employees to support their education?
What type of benefits may be provided to employees to support their education?
What is the purpose of employers providing subsidies and services such as canteens and transportation?
What is the purpose of employers providing subsidies and services such as canteens and transportation?
What type of benefits may be provided to employees to support their healthcare?
What type of benefits may be provided to employees to support their healthcare?
What is the purpose of employers providing club membership and childcare facilities?
What is the purpose of employers providing club membership and childcare facilities?
What type of benefits may be provided to employees to support their family needs?
What type of benefits may be provided to employees to support their family needs?
What is the purpose of employers providing optical and dental benefits?
What is the purpose of employers providing optical and dental benefits?
Flashcards
Statutory Holidays (Malaysia)
Statutory Holidays (Malaysia)
Five holidays mandated by law: National Day, YDPA's Birthday, State Ruler's Birthday, Labour Day, and Malaysia Day.
Annual Leave (Malaysia)
Annual Leave (Malaysia)
Employees receive paid leave based on service length: Less than 2 years: 8 days; 2-5 years: 12 days; Over 5 years: 16 days.
Sick Leave (Malaysia)
Sick Leave (Malaysia)
Paid leave for illness: Less than 2 years: 14 days; 2-5 years: 18 days; Over 5 years: 22 days. Up to 60 days if hospitalized.
Employees Provident Fund (EPF)
Employees Provident Fund (EPF)
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Statutory Benefits
Statutory Benefits
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Maternity Leave (Malaysia)
Maternity Leave (Malaysia)
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Paternity Leave (Malaysia)
Paternity Leave (Malaysia)
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Rest Day (Malaysia)
Rest Day (Malaysia)
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Public Holidays (Malaysia)
Public Holidays (Malaysia)
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Non-Statutory Benefits
Non-Statutory Benefits
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Study Notes
Statutory Holidays
- Five holidays are specified by the Act: National Day, Yang di-Pertuan Agong's Birthday, State Ruler's Birthday, Labour Day, and Malaysia Day
Annual Leave
- Paid annual leave is provided as follows:
- Less than 2 years of service: 8 days per year
- 2-5 years of service: 12 days per year
- More than 5 years of service: 16 days per year
Sick Leave
- Employees are entitled to paid sick leave as follows:
- Less than 2 years of service: 14 days per year
- 2-5 years of service: 18 days per year
- More than 5 years of service: 22 days per year
- If an employee is hospitalized, they can take up to 60 days sick leave per year
Contribution to Employees Provident Fund (EPF)
- Objective: to ensure that every worker has sufficient funds to sustain themselves after retirement
- Minimum retirement age: 60 years old
- Employees can withdraw savings from the fund at the age of 55, even if they are still working
Types of Benefits
- Statutory benefits
- Non-statutory benefits
Maternity Leave
- Every female employee is entitled to 98 days of maternity leave
- Maternity allowance is payable to the employee if she has no more than 5 surviving children and has served the employer for at least 90 days before giving birth
Paternity Leave
- Fathers are entitled to 7 days of paternity leave, limited to 5 children, regardless of the number of spouses, and must be legally married
Rest Day
- A weekly rest day is mandatory for all employees
Public Holidays
- Section 60 of the Employment Act entitles all workers to a minimum of:
- 11 paid gazetted public holidays per year in Peninsular Malaysia
- 14 days in Sabah
- 16 days in Sarawak
Non-Statutory Benefits
- Insurance (other than SOCSO)
- Time-off payments:
- Marriage
- Personal emergencies
- Pilgrimage
- Studies
- Death of a relative
- Health Care:
- Payment of medical bills
- Hospitalization benefits
- Payment of optical bills
- Payment of dental bills
- Retirement benefits
- Educational assistance
- Subsidies and Services:
- Canteens
- Transportation to and from work
- Childcare facilities
- Club membership and recreational facilities
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