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The Business Station
All You Need To Know About Malaysia’s Employee Insurance System
29 mins·11:00, 13 Feb 2018
All You Need To Know About Malaysia’s Employee Insurance System
29 mins
·
11:00, 13 Feb 2018
·
Recommended
46 mins
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33 mins
Malaysia finally has an unemployment insurance scheme in place. Effective January 2018, retrenched and displaced workers will not only receive compensation but will also be matched to new jobs under SOCSO’s new Employee Insurance System. But with a monthly contribution of just 0.4% of a worker’s salary – the lowest rate among any other employment insurance schemes in the world - is the system sustainable? Chief Officer of the EIS at SOCSO, Dato Mohd Sahar Bin Darusman gives us the deets.
Producer: Audrey Raj
EISEmployee Insurance SystemEmployee Insurance SchemePISSOCSOPERKESOretrenchment benefitsunemployment benefits
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