Malaysia, wages, compensation, benefits, Productivity-LinkED Wage System,  Minister for Human Resources Datuk Seri M. Saravanan, Minister of Finance Tengku Datuk Seri Zafrul Abdul Aziz

This is a growth of 9,092 from the 84,922 recorded in 2018.

As many as 94,014 companies in Malaysia have implemented the Productivity-Linked Wage System (PLWS), as of June 2022. This is a growth of 9,092 from the 84,922 recorded in 2018, according to Minister for Human Resources Datuk Seri M. Saravanan.

The Minister announced this while officiating the closing ceremony of the Productivity-Linked Wage System awards on Thursday (18 August 2022), a ceremony organised by the Department of Industrial Relations Malaysia to recognise and award small, medium, and large enterprises for their PLWS models.

In brief, the PLWS model is a system that establishes a closer relationship between wages and productivity or the performance of employees or companies. It aims to ensure that any wage increases are in line with higher productivity improvements or performances, and it also allows employees to earn a fair share or wage as a result of increased productivity and performance.

In a Facebook post congratulating the winners, Minister Saravanan expressed his hope that "more companies will implement the Productivity-Linked Wage System".

A total of RM20,936bn channelled for the Wage Subsidy Programme as of July 2022

In similar news, Minister for Finance Tengku Datuk Seri Zafrul Abdul Aziz has shared that the Malaysian government has channelled a total of RM20.936bn to 357,929 employees through the Wage Subsidy Programme (PSU), as at 29 July 2022 in an effort to maintain the employment of 2.96mn local workers.

As cited in Bernama, Minister Zafrul shared that a total of 322,177 employers and 2.64mn workers have received benefits under the Prihatin Rakyat Economic Stimulus Package (PRIHATIN) and the National Economic Recovery Plan (PENJANA) for PSU 1.0. The total approved wage subsidy applications has reached RM12.958bn.

Meanwhile, PSU 2.0 saw a total of RM1.408bn being channelled to 81,165 employees; while PSU 5.0 saw RM216.719mn being channelled to 8,104 employees.

Image / Datuk Seri M. Saravanan's Facebook

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