Minimum Wage (RM1,700) & Employment Act 1955 (Amendment)
The Government has announced the new minimum wage (MW) of RM 1,700, which will take effect on 1 February 2025. Companies with less than 5 employees will have until 1 August 2025 to implement the MW. How do we go about it? How do we manage structural adjustment for experienced employees who are currently earning RM 1,700? Join this webinar to learn more about the options available to manage salary compression and Q&A on the minimum wage. The Webinar will also discuss key aspects of the Employment Act 1955 amendment and what employers must do. Sample policies and documentation to support the implementation of the EA 1955 amendment will be shared as well.
And a special announcement awaits all participants!
Course Outline:
1. Understanding the New Minimum Wage Requirements
- Overview of the new minimum wage of RM1,700 and phased implementation dates.
- Guidance for organisations on managing salary adjustments and compliance timelines.
- Strategies to address salary compression for experienced employees currently earning the new MW rate.
2. Practical Steps to Manage Salary Compression
- Options available to manage wage adjustments while maintaining internal equity.
- Approaches to retain experienced staff and prevent salary disparities across roles.
3. Key Aspects of the Employment Act 1955 Amendments
- Critical updates on employee classifications, working hours, and overtime entitlements.
- Compliance requirements and best practices for employers.
- Sample policies and documentation to facilitate the implementation of EA 1955 amendments.
4. Empowering Employers with Policy and Documentation Support
- Ready-to-use templates and guidance for updating internal policies.
- Documenting wage changes and other compliance measures to align with the EA 1955 amendment.
5. Live Q&A session addressing employer concerns on the minimum wage implementation.
6. Special Announcement
- A special announcement exclusively for webinar participants!
Take advantage of this opportunity to ensure your organisation is ready for these pivotal changes in employment law! Register today to stay ahead, compliant, and prepared.
Programme Details
Admission Price: FREE (Live Webinar)
Speaker: Mr. Arulkumar Singaraveloo
Session 1
Date: 7 Nov 2024 (Thursday)
Time: 3.00 pm – 4.30 pm
Session 2
Date: 12 Nov 2024 (Tuesday)
Time: 10.30 am – 12.00 pm
Venue
Malaysia HR Forum Academy
Level 12, Menara PKNS, Jalan Yong Shook Lin,
46050, Petaling Jaya, Selangor
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About The Trainer
Mr. Arulkumar Singaraveloo
Over 22 years of progressive HR leadership in various industries including semiconductors, nitrile glove manufacturing, oil & gas, education & training, and transportation technology. Proven ability to align HR strategy with business goals and deliver exceptional results. Previously, Mr Arul has taken on roles as HR General Manager and Human Resources Director (Business Consulting Services). Arul’s extensive experience and strategic mindset make him a valuable asset for any organisation seeking to optimise its HR function and drive business success. A Business HR Leader who is well-acquainted with achieving business goals by ensuring all HR deliverables are aligned and delivered. Arul is familiar with business operations including regulatory works of general business operations in Malaysia. In HR, he has deep experience in business partnering, recruitment, training and development and employee relations (IR/ER), talent management, and performance management with good exposure in compensation & benefits Management. Also, an expert in setting up an HR team from the ground up.
KEY SKILLS & EXPERTISE:
-Offers solutions to comply with Malaysian regulations, emphasising how the action affects overall HR practices.
-Versatile/Multifaceted: Experienced in major aspects of HR; from hiring the best talent to managing employee relations, and promoting high-performing HR teams.
-Streamlines HR processes to boost productivity.
-Problem Solver: Delivers practical solutions to complex HR and IR challenges through active engagement and inquiry-based learning atmosphere.
-Strategic Builder: Implements winning strategies to make your HR team a powerful asset to your business.