Effective 1st September 2022, PERKESO has enforced a new wage ceiling for contributions from RM4,000 to RM5,000 per month. In Malaysia, employers must comply with the Social Security Organization (SOCSO) and Employment Insurance System (EIS) payment contributions. Understanding the payment amounts ensures legal compliance and protects employees’ social security. This blog post concisely guides how much you should […]
In today’s digital era, Employee Self Service (ESS) is revolutionizing how employees access and manage their personal information. In this blog post, we will explore the concept of Employee Self Service (ESS), its benefits, and how it enhances efficiency and engagement within organizations. Unlocking Employee Self-Service (ESS): The Employee Self Service (ESS) platform enables employees to independently […]
Are you a business owner in Malaysia looking to ensure your employees’ financial security and retirement benefits? Toward fulfilling your obligations as an employer, it is a crucial step to register a Employer EPF (Employees Provident Fund) account in Malaysia by following the correct procedures. Step 1: Prepare the Required Documentation To begin the Employer EPF […]
Submitting Form E to LHDN (Lembaga Hasil Dalam Negeri) is a vital responsibility for employers in Malaysia. Form E is an annual statement providing comprehensive information about an employer’s employees, income, and tax deductions. To avoid penalties and maintain good standing with the tax authorities, employers must understand the submission process to fulfil their tax […]
When it comes to managing payroll, many businesses in Malaysia are turning to outsourcing as a cost-effective solution. However, before making a decision, it is crucial to understand the pricing structure of payroll outsourcing services in the country. In this blog post, we will delve into the factors affecting the price of payroll outsourcing and […]
If you are considering outsourcing your payroll, you may wonder what happens when you outsource your payroll. Outsourcing payroll is a common business practice where companies hire a third-party provider to handle their payroll functions. This process involves passing over the responsibility of payroll processing, tax payments, and compliance-related tasks to the provider. In this […]
A payroll outsourcing service is a process where a company hires a third-party provider to handle payroll functions, including salary payments, statutory deductions, tax deductions, and benefits administration for businesses of all sizes, as it helps them to streamline their payroll processes, reduce errors, and save cost on hiring payroll team. In this article, we […]
Many businesses are unaware of the benefits of payroll outsourcing. Generally, the finance or HR managers believe that the cost-saving method is from an internal team that can handle payroll processing, which will help to maintain and control the company’s costing. In reality, it may lightly end up costing more and impact the business continuity […]
Malaysia payroll is subject to the complex and changeable statutory contribution. Having an efficient and automated Payroll system will help with the payroll process to stay compliant and be prepared for an audit by any related statutory department. If the payroll system is not up-to-date it might have a risk and subject to costly penalties […]
Operating a company is not easy. There are many things that need to be managed at all costs. It is fair to say that for most businesses, Time is Money, in another way to explain the concept of Opportunity Cost is time is a valuable resource and we better do things as quickly as possible. […]