KUALA LUMPUR, Sept 4 — The implementation of the Progressive Wage Policy (PWP) since January has seen 13,403 workers registered as participants in the programme up to August 31.
The Social Security Organisation (Socso) said that 1,167 employers have joined the initiative as part of efforts to strengthen the country's labour market structure through fairer, sustainable and competitive wages.
They include Rocket Integration Technology Sdn Bhd, Rovski Industries Sdn Bhd, Sri Lara Joint Security Services Sdn Bhd, Tripfez Travel and Tours Sdn Bhd, and Mitrajaya Holdings Bhd.
"PWP benefits both parties, with employees receiving fairer rewards, while employers enjoy monthly financial support from the government.
"It is also in line with the Malaysia Madani aspiration to create a more progressive, inclusive and sustainable labour market through close cooperation between the government, Socso, employers and employees," it said in a statement today.
Employers participating in PWP are also eligible for financial incentives until 2027, in addition to enjoying various other benefits like reduced operating costs, employee retention, attracting new talent, boosting worker motivation, and strengthening their image as progressive employers.
In this regard, Socso also called upon more employers to implement PWP to address critical labour market issues, including slow wage growth compared to productivity, skills mismatch with pay, and concerns over operating costs.
This Madani government initiative is also backed with financial incentives amounting to over RM35 million, as a sign of support for employers participating in PWP.
The policy provides a comprehensive solution by encouraging wage increases in line with skills and productivity, offering government financial incentives to ease operating costs, and giving flexibility as participation is voluntary.
For more information and registration as a progressive employer, visit the official PWP portal at www.gajiprogresif.gov.my.
