Productivity Linked Wage System Malaysia

Productivity linked wage system plws rationale rasional a flexible and competitive wage system will enable companies to make quick adjustment on wages that will ensure job stability and reduces the likelihood of retrenchment in the event of an economic slowdown. Deputy minister datuk mahfuz omar said the system had benefited 4 3 million employees during the period. 85 000 companies in malaysia have implemented productivity linked wage system.

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This dynamic compensation system will directly reflect the company and individual performance to ensure organisation sustainability and individual motivation.

Productivity linked wage system malaysia. 2 days senior. Human resources minister m kulasegaran recently issued a statement about reactivating the productivity linked wage system plws to bring back malaysian workers from abroad. Malaysia s human resources ministry said 85 000 companies nationwide have implemented the productivity linked wage system plws since it was introduced in 2015.

The economic outlook 2020 report eor 2020 highlights that the adoption of the productivity linked wage system plws remains low in the country. The implementation of the productivity linked wage system plws is expected to benefit both employers and employees and ensure that both sides obtain a fair share of the gains from productivity or performance improvement says the finance ministry. The system will ensure that wage increases proportionate with higher productivity thus enhancing competitiveness at the company.

Productivity linked wage system plws establishes the link between wages and productivity. Participation is still low especially among small and medium enterprises says eor 2020. As at june 30 only 86 247 employers had implemented plws benefiting 4 4 million employees according to data from the ministry of human resources.

Productivity linked wage system plws presented by nora azmani mahasan industrial relations department malaysia ministry of human resource 1.