• Progressive wage pilot project slated for June-September 2024, timeline for full implementation to be determined later
• Progressive wage to involves monthly salary rates between RM1,500 and RM4,999, covering four million workers
• Multinasional and government-linked companies exempted from participating progressive wage as they are already paying competitive salaries
• Progressive wage: Govt to provide cash incentive up to RM200 a month for entry-level positions, up to RM300 for non-entry level positions
• Progressive wage mechanism: Incentive to be channelled to employers on quarterly basis, within six months upon submitted claims
• Govt to make allocations to fund progressive wage incentive depending on fiscal position
• Employers encouraged to registered themselves voluntarily to participate in progressive wage pilot project
• Progressive wage incentive only limited to Malaysian citizens, with full-time positions

https://www.theedgemarkets.com/node/692117