1. HRDF (Human Research Development Corporation)
1.1. Corporatised on 16 May 2001 under Pembangunan Sumber Manusia Berhad Act 2001
1.1.1. Previously known as Human Resources Development Council
1.2. Roles
1.2.1. Collection of human resources development levy (HRD levy)
1.2.1.1. driving force in training and development of the workforces
1.2.1.1.1. disbursement of financial assistance through training grants
1.3. 1% of the Gross Salary
1.4. Skim Bantuan Latihan (SBL)
2. Manpower Budegting
2.1. fund allocates to all HR processes enterprise-wide
2.1.1. HR budgets use the following from every department : financial information , performance results, historical data
2.1.1.1. complex yet essential document to determining a company's future HR activities
2.2. Why do we need manpower budgeting?
2.2.1. prevent over hiring, prevent understaffing, aids in attracting top talents, helps organization understand their staffing needs
2.3. HR budget includes but isn't limited to:
2.3.1. recruitment budget, payroll costs, overtime, salary data and etc..
3. KWSP
3.1. EPF is a compulsory savings scheme for employees so the sufficient funds in their post-retirement years
3.1.1. Except : 1. Service charge, overtime payment, gratuity, retirement benefit and termination benefit
3.1.2. All Malaysian employees working in private sector & public sector employees (certain cases)
3.1.2.1. Non-Malaysia except employees holding Employment Pass or Visit Pass
3.1.3. EPF Act 1991
3.1.3.1. 41(2) employers must register their employees with EPF within 7 days
3.1.3.2. 45(2) employees shall commence on the first month of salary payment
3.1.4. When can withdraw the EPF:
3.1.4.1. Age 55, Death of member , Physical or mental incapacitation and on leave Malaysia permanently
4. Employees Social Security Act (SOSCO)
4.1. to establish an insurance scheme which ensures employees involved in a work-related accident
4.2. who contract a work-related disease receive compensation
4.3. who is compulsory to contribute
4.3.1. Employed under contract of service, earning a month wages of RM4000 and below, registered with SOCSO, Malaysian workers and permanent residents
4.3.1.1. wages : salary, overtime payment, commission, payment for leave,sick, annual,rest day, public holidays, alllowaness, shift and others.
4.4. what covered in SOCSO:
4.4.1. periodical payment in the case of invalidity
4.4.2. medical treatments for the attendence
4.4.3. periodical payments to dependent of an insured person who dies while in receipt of invalidity pension