Budget 2020: Unemployed Graduates Whom Enter First Job Will Get RM500 Per Month For 2 Years

We’re still hearing the #Budget2020 and we have got great updates for you!

There will be an initiative by the government that will help more Malaysians get into the workforce and one of their main target groups is unemployed graduates. According to the report, there are over 200 thousand graduates (aged 24 years old and below) who remain unemployed.

Source: fmt

Under #GraduanKerja, several incentives will be given out to both the employers and the graduates who have been unemployed for 12 months. 

• Graduates who have gotten a job opportunity will get an incentive of RM500 a month for two consecutive years. Yes, this is in addition to your salary. 
• Employees will get RM300 a month for the same period (two years) if they have hired said graduate. 

The graduates’ incentives will be credited into their EPF savings, as according to Malaysiakini.

Well, isn’t this amazing? How do you think these incentives will help the unemployed graduates in our country? Let us know in the comments below!

Stay tuned for more updates.

Also read: Budget 2020: Malaysians Aged 18 & Above Will Get RM30 One-Off Top-Up For E-Wallet