Government of Malaysia has announced various stimulus packages in an attempt to assist the economy due to Covid-19 and Movement Control Order. Many of companies and business are affected and experiencing financial issues. SOCSO have implemented an extension of the Employment Retention Program (ERP) called Wage Subsidy Program aimed to provide financial assistance to employers who experience 50% or more fall in revenue enable them to restrain their employees and business.
Requirement to Apply:
Employers who experienced revenue loss of more than 50% since 1 January 2020 can claim a sum of RM 600.00 per employee
subject to employees registered with and contributing to the Employment Insurance Scheme (EIS) that earns less than RM 4,000.00 per month
This subsidy is for 3 months from April 2020.
A condition of the subsidy is that employers cannot terminate any employees or undergo any salary reduction or leave deduction exercise