What is happening with the falling of Ringgit Malaysia? The Malaysian Ringgit currently has fallen below the weakest point during the most challenging period of the Asian Financial Crisis which was in 1997. With more than half of our food supply are imported will further add on the exchange rate impact to the bottom line and also will further put …
How to manage and reduce sick leave Sick leaves fall under the category of unscheduled absences as it is impossible to know when a staff member will fall sick. This is all part of the risks and struggles in running a business or an organization. The challenge will be even more challenging when a team member’s sick leave become excessive …
South East Asia Best SME Accounting & HR Consulting Firm 2023 In-Tune Business Services is an outsourcing accounting firm in Malaysia with over 40 years of practice and collective experience. Established in 2007 in Puchong, Kuala Lumpur, it is a business consultancy dedicated to making finance and HR easy for its SME clients. InTune Outsourcing serves the needs of small …
EPF’s financial results revealed a dropped by approximately 20% year-on-year in 2022 Recent report and data from Employees Provident Fund (EPF) reported a 19.7% decline in its total gross investment income to RM55.33 billion for 2022, down from RM68.89 billion in 2021, as evidenced from lower by weaker performance across all its asset classes. A major part of the total …
SMEs, are you concerned with the increasing employees’ costs in your business? The Malaysian Government, after implementing the increased in minimum wage from RM1,200 to RM1,500 and overtime for worker’s earning less than RM4,000 as opposed to RM2,000 previously, further reduced the minimum working hours to 45 hours from 48 hours with increased maternity leave from 60 days to 98 …
7 things to look for when choosing an Accounting Software Starting a business? Business expansion? Documentation and compliance headache due to lack of systems and documentations? If you are looking for an accounting systems that will suit your business, here are 7 things you must consider before committing to an accounting system. It often lead to nightmare when thoughts are …
The 4 Most Important Quotients According to Psychologists, there are four types of Intelligence: Most people asked, which is more important in managing talents currently. It is crucial that both HR Personnel and Business Owners are able to know about these 4Qs and how they can use this to adapt in their business and/or teams First and foremost, let’s see …
Employers to be aware that Employment Act Will Now Cover All Employees With Effect from 1 January 2023 and the biggest financial impact is Overtime The amendments to the First Schedule of the Employment Act 1955 (“EA”) were gazetted on 15 August 2022 and with effect from 1 January 2023, the EA will apply to all employees. It is stated …
New Amendments in force for Malaysian Employees with effect from 1 January 2023 on Maternity Leave and Paternity Leave Lets start with the Maternity and Paternity Leave first What is maternity and/or paternity leave? Maternity leave is a type of leave that pregnant mothers typically take shortly before and after giving birth while paternity leave applies to fathers to their …
How and Who to Deal with Employee Absenteeism? What is employee absenteeism? Staff absenteeism is a frequent lack of attendance at work without valid cause. Absenteeism excludes emergency leave from work and the occasional uncontactable or delay in response. According to the Bureau of Labor Statistics, the absence rate for all full-time wage and salary workers is 3.2%. This means …