Malaysia’s SOCSO fights back against flat job market

Updated: Oct 2, 2021

MALAYSIA: Malaysia’s SOCSO, the social services agency of the nation’s Ministry of Human Resources, has pledged to boost job creation and retention for citizens.

Backed by a slew of government initiatives, SOCSO is aiming to create 180,000 jobs by the end of the year. This is in addition to the over 180,000 jobs created over the first half of the year, to take the average to almost 1,000 jobs per day.

Such government incentives include: The Career Generator 3.0 Programme’s recruitment incentive which provides up to 60% subsidies to cover local wages for the first six months of a new employment opportunity; and the “Gig Career” incentives for short-term workers who have been affected by the continuous movement control orders (they will receive MYR 600 a month for six months if they work a minimum of 10 hours a week through self-employment).

There is also a job-seeking allowance of MYR300 for Malaysians who utilise SOCSO’s portal to find work and attend interviews (conditions apply). Citizens will also receive a further MYR400 incentive when employed. Employers also stand to receive up to MYR300 for each successful job placement. Finally, the Wage Subsidy Programme 4.0, which is due to start on August 1, will be open to employers in all sectors of the economy that have their income affected by at least 30%.

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