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How much do you know about SOCSO contribution in Malaysia payroll? There are two types of contribution categories and in this guide, we will show you how to update the correct category on our online payroll software. SOCSO contributions are divided into two (2) types, namely:

Why Companies Should Move To A Reduced Work Week

The standard workweek that we know of today is 40 hours - eight hours a day for five days a week. In some industries, this stretches up to a maximum of 44 hours a week - an additional four hours on the sixth day of the week.

While this is legal in Singapore, whereby employees covered under the Employment Act are allowed to work a maximum of 44 hours per week, this might seem excessive in other countries.

Today, a 40-hour workweek has become the social and cultural norm. Ironically, anything more is deemed as excessive while anything less is seen as skiving on the job.

Theoretically, as one becomes more prosperous in terms of wealth, it is only natural to opt to work fewer hours. However, that does not seem to be the situation. Instead, people continue working at the same pace or even clocking in more working hours. All these productivity is channeled into higher levels of material consumption - bigger houses, fancier gadgets and high-end cars, yet people do not have the time to enjoy it. The solution? A reduction in the standard workweek.

Suppose you sailed through an interview and finally landed on that dream job which you have always wanted. But as the HR runs through with you your compensation package, you realise that the starting salary figure is not what you had in mind. Or worse, it is significantly lower than what you had expected. What should you do then?

With the slew of Millennials in the workplace today coupled with the thriving startup scene, startup companies exudes the impression of a dynamic workplace - an environment with endless opportunities for employees to grow and learn, chances for employees to contribute innovative ideas that might fuel the company's growth and the possibility of reaping huge rewards should the company eventually succeeds and grow.

However, it is the dynamic and high-staked startup environment that makes it crucial to emphasize on the workplace culture during the startup hiring process. With only a handful of staff within a startup, the impact of a strong fit or a mismatch is highly magnified. An employee that can assimilate well into the startup culture can help to boost morale, increase productivity levels and encourage more innovative and creative ideas. On the other hand, an employee that is unable to fit into the startup culture might result in a disengaged workforce or worse, bring down the entire startup venture.