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Contributions to the Employment Insurance System (EIS) are set at 0.4% of the employee’s assumed monthly salary. 0.2% will be paid by the employer while 0.2% will be deducted from the employee’s monthly salary.
The contribution rates for Foreign Workers are refer to the Third Schedule (Act 4), whereas Domestic Workers' contribution rates are based on eligibility criteria listed in the Domestic Worker section.
Effective October 1, 2024, employers in Malaysia must adhere to updated contribution tables for the Social Security Organisation (SOCSO) and Employment Insurance System (EIS). This update raises the wage ceiling for contributions from RM5,000 to RM6,000 per month.
Employment Insurance (EIS) contributions are set at 0.4% of an employee’s estimated monthly wage. According to the EIS contribution table, 0.2% will be paid by the employer, and 0.2% will be cut from the employee’s monthly wages.
Rate of Contribution Employment Insurance System (Act 800) Malaysia Payroll & PCB Calculator, EPF, SOCSO, EIS, Income Tax and Salary Calculator.
The Employment Insurance System (EIS) was established on 1st January 2018 to provide income replacement for Insured Persons (IP) who have lost their jobs. IPs who apply to PERKESO will receive re-employment assistance from Employment Services Officers (ESO).
The contribution rate for EIS is ~0.2% of the employee’s salary (employer share) and ~0.2% of the employee’s salary (employee share). The maximum eligible monthly salary is capped at RM6,000 from 1 October 2024.
Established in 2018, the Employment Insurance System (EIS) is a social security program that aims to provide financial assistance to employees who lose their jobs involuntarily. For eligible workers, benefits include job search allowance, reduced income allowance, and training allowance.
The Employment Insurance System (EIS) is something all employers need to be aware of in Malaysia. Read to learn what is EIS and how to calculate EIS contribution.
Applicants are required to register with MyFutureJobs(https://www.myfuturejobs.gov.my/) for job search activities to be eligible for EIS benefits. (vi) Applicants are reminded to submit EIS benefit claims on monthly basis through the portal once the application has been approved.