Wage Subsidy Programme (PSU) payouts & JaminKerja progress

As of 8 April 2022, a total of RM98.656mn has been channelled to 6,789 employers to continue operating and maintain employment for 79,508 employees. 

Malaysia's recently-published 93rd LAKSANA report details updates on the Job Guarantee Programme - Employment Incentives programme (JaminKerja), Wage Subsidy Programme 1.0 - 5.0 (Program Subsidi Upah 1.0 - 5.0), Career Advancement Programme (KPT-CAP), and more.

Highlights of these are shared below.

Job Guarantee Programme - Employment Incentives programme (JaminKerja)

The Government, through the Social Security Organisation (SOCSO) will continue its recruitment efforts through this initiative with an allocation of RM2bn for 2022. Registration for this initiative has opened with an incentive of 20% of monthly salary for the first six months and 30% for the next six months, subject to paid employment with a payment of RM1,500 and above.

As of 31 March 2022, employment incentives in collaboration with SOCSO have successfully placed 51,037 workers in roles, and this effort will create 300,000 new jobs and reduce unemployment among Malaysian workers.

Wage Subsidy Programme 1.0 - 5.0 (Program Subsidi Upah 1.0 - 5.0)

Program Subsidi Upah 1.0

Under the PSU is financial assistance paid to the employer of each enterprise for each local employee earning RM4,000 and below. The subsidy of up to RM1,200 per month will be given for a period of three months to help employers who are economically affected by COVID019 to be able to continue the company's operations and prevent employees from losing their jobs and sources of income.

The programme was extended for an additional three months under the PENJANA Package and overall, the subsidy given to employers is for a period of six months.

As of 8 April 2022, a total of 322,177 employers and 2.64mn employees have received PSU benefits under PRIHATIN and PENJANA, where the approved wage subsidy applications have reached a value of RM12.958bn.

Program Subsidi Upah 2.0

For this round, assistance was extended for an additional three months for existing emloyers receiving the PSU, and given for six months for all applications between 1 October 2020 to 31 December 2020.

As of 8 April 2022, a total of RM1. 407bn has been channelled to 81,136 employers to continue to operate and maintain employment for 718,443 workers. 

Program Subsidi Upah 3.0

Under Budget 2021 with an allocation of RM1.5bn, the Government has extended the implementation of the PSU for another three months with more targets, especially for the tourism sector including the retail sector with a rate of RM600 per month for employees earning RM4,000 and below.

As of 8 April 2022, a total of RM3.739bn has been channelled to 162,282 employers to maintain the employment of 1,527,367 employees. 

Program Subsidi Upah 4.0

Under the PEMULIH Package, the Government has implemented PSU 4.0 with an allocation of RM3,6bn, which is expected to benefit 2.5mn workers. Through PSU4.0, the Government accommodated up to 500 employees per employer at a rate of RM600 per employee for a period of four months, which was two months for all sectors in the second phase of VAT and the next two months specifically for sectors categorised in the current negative list.

The RM4,000 salary limit has also been relaxed, which allows employers to apply for PSU 4.0 for their employees who earn more than RM4,000.

As of 8 April 2022, a total of RM2.480bn has been channelled to 160,260 employers to continue to operate and maintain employment for 1,884,664 employees.

Program Subsidi Upah 5.0

With an allocation of RM600mn under the 2022 Budget, the Government through SOCSO will continue the implementation of the Wage Subsidy Program targeted at tourism operators who experienced a decrease in income of at least 30% of total sales or income in October 2021 to December 2021, compared to any month in 2019 to 2021 before the outbreak of COVID-19. Applications will be open from 1 January 2022 until 31 March 2022 but employers from sectors that are not listed but are still affected by the spread of COVID-19 can still submit an appeal online to SOCSO.

As of 8 April 2022, a total of RM98.656mn has been channelled to 6,789 employers to continue operating and maintain employment for 79,508 employees. 

View the full report here


Image / 123RF

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