fbpx
Connect with us

News

M’sian Employees Can Now Compare Salaries with HR Ministry’s New National Wage Index

Published

Hr Ministry Launches National Index For M'Sian Employees To Compare Their Salaries To National Standards - World Of Buzz 5
For Illustration Purposes | Source: Straits Times

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just yesterday (19th February), Human Resources Minister M. Kulasegaran launched Malaysia’s first ever National Wage Index (NWI).

According to the Borneo Post, the NWI was developed as a guideline for both employees and employers to measure salary changes in the national labour market. M. Kulasegaran added that this guideline is part of 11 labour market consolidation initiatives under the 11th Malaysia Plan (11MP), which prioritises enhancing productivity, job creation, and raising the salary structure (salary ranges).

Hr Ministry Launches National Index For M'sian Employees To Compare Their Salaries To National Standards - World Of Buzz 2

Source: the star

The minister added that while employers and investors can use the NWI to set wages and salary structures based on specific jobs, employees can also utilise this as a benchmark for their salaries and to increase their bargaining power. Employees can also use it to know more about wage trends in the labour market.

He was quoted by the Malay Mail as saying,

“It will also be used by workers’ associations, thereby increasing the collective bargaining power of workers. This marks the first time ever in Malaysia’s 62-year history that such an index has been launched.”

“Although it is not compulsory and functions more like guidelines, the NWI encompasses entire industries and as such is more accurate. Bear in mind other developed countries also use a similar system.”

Hr Ministry Launches National Index For M'sian Employees To Compare Their Salaries To National Standards - World Of Buzz 4

Source: mtuc

This index can be accessed via the Institute of Labour Market Information and Analysis (ILMIA) portal here.

An excerpt from the NWI’s first issue states that this index “will serve as a guide and benchmark for employers in determining the right wage level for employees that is in accordance with their qualifications, skills, and productivity.”

The NWI will be published by the ministry on a quarterly basis, and the next issue is expected to be published in the second quarter of 2019.

Some information highlighted in the NWI’s first issue is that basic wages grew by 8.2 per cent between September 2016 and June 2018. Basic wages in the private sector also grew faster than in the government sector during this time, with wages increasing by 8.3% in private and 7.8% in public.

What are your thoughts on this brand new wage index? Let us know in the comments section!

 

Also read: HR Minister: If Your Salary is Not in By the 7th Day of the Month, Lodge a Complaint

Hr Ministry Launches National Index For M'sian Employees To Compare Their Salaries To National Standards - World Of Buzz 3


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage Baby 1 Collage Baby 1
News12 hours ago

A Mother in Ampang Finds Bite Marks On Her Baby’s Face; Police Arrest The Nanny

There is a certain degree of apprehension that comes with sending a child to a nanny because there is no...

Collage Concert Collage Concert
News13 hours ago

Kedah MB Bans Concerts in Kedah After Crowd Goes Crazy at Unlicensed Concert Near Mosque

Concerts are a place for people to let loose and have fun. However, due to their nature, some considerations should...

Stalking Stalking
News13 hours ago

“Stalking is now illegal!” – Dewan Rakyat Passes Anti-Stalking Bill After Third Hearing

Stalking has been something that many people do unintentionally. For example, when a group of girls get together and one...

Collage Shooting Collage Shooting
News13 hours ago

PDRM is On The Hunt For a Man Who Opened Fire At a House in Ipoh

Shooting incidents are not a common occurrence here in Malaysia, which is a great thing. So, when it does happen,...

My Post 1 2022 10 03T145744.693 My Post 1 2022 10 03T145744.693
News16 hours ago

FAM To Re-evaluate & Tighten SOPs For Entry of Supporters Following Incident in Indonesia

Over the weekend, a massive riot broke out at a stadium in Indonesia after thousands of fans of the losing...

My Post 1 2022 10 03T132823.120 My Post 1 2022 10 03T132823.120
News18 hours ago

Black Panther Wanders Into Housing Area In Semenyih

Residents of Taman Pelangi, Semenyih, were in for a shock after discovering the presence of a black panther roaming around...

Collage Python Collage Python
News19 hours ago

Launderette Customer in JB Finds 20Kg Python Getting Cozy in a Washing Machine

Surprises are all fun and games until they pose actual danger to those receiving it. On Saturday, a customer’s trip...

7 003 7 003
News2 days ago

UPDATE: At Least 174 Killed in Crowd Stampede After Violence At Football Match in Indonesia

Violence broke out at an Arema and Persebaya Surabaya League 1 football match at a stadium in East Java, claiming...

Announcement

Latest Videos



TRENDING TODAY