KUALA LUMPUR, July 1 — The government has disbursed RM64,076,884.75 in cash incentives to 4,025 private sector employers participating in the Progressive Wage Policy (PWP) as of June 5, said the Human Resources Ministry (MOHR).
It added that the Madani Economy initiative has benefited 51,363 local workers, aimed at strengthening and progressively raising wages of skilled employees.
The wholesale and retail trade sector, including the repair of motor vehicles and motorcycles, recorded the highest participation at 26.7 per cent, followed by manufacturing (15.7 per cent), professional, scientific and technical activities (11.1 per cent), education (7.4 per cent), and accommodation and food service activities (6.9 per cent).
“In terms of employer size, small companies accounted for 50.2 per cent of employers making claims. Large and medium-sized companies each recorded 18.4 per cent, followed by micro enterprises at 13.1 per cent,” the ministry said in a written reply to Manndzri Nasib (BN-Tenggara) in the Dewan Rakyat.
He had asked for the latest status of private sector compliance with the implementation of the PWP and the extent to which cash incentives have been effective in encouraging wage progression for skilled local workers.
According to MOHR, the incentive scheme has had a positive impact on raising skilled workers’ incomes, especially professionals, technicians and associate professionals, who account for 45.9 per cent of the employees involved.
Among professionals, the median basic salary increased by RM350 from RM2,900 to RM3,250, representing a 12.1 per cent increase, while the average basic salary rose by RM364.36, from RM2,930.74 to RM3,295.10.
For technicians and associate professionals, the median basic salary increased by RM250 from RM2,350 to RM2,600, or 10.6 per cent, while the average basic salary rose by RM294.38, from RM2,557.35 to RM2,851.72.
