Daily HR News 15.1.2025
1. New policy mandates 3 internships for locals per expat employee
Malaysia's government has introduced a policy requiring companies to offer three internships to local students for each expatriate employee hired. This initiative aims to enhance local workforce skills and reduce reliance on foreign labor. The policy will be enforced starting July 1, 2025, with non-compliant companies facing penalties, including fines and potential restrictions on hiring expatriates.
Source: https://www.freemalaysiatoday.com/category/nation/2025/01/15/new-policy-mandates-3-internships-for-locals-per-expat-employee/
2. Raising wages and curbing inflation — a balancing act
Balancing wage increases and inflation control is complex. While higher wages can boost living standards, they may also elevate business costs, leading to price hikes and inflation. Conversely, suppressing wages to control inflation can harm workers' purchasing power and overall economic growth. Achieving equilibrium requires careful policy measures that consider both economic stability and workers' welfare.
Source: https://www.freemalaysiatoday.com/category/nation/2025/01/15/raising-wages-and-curbing-inflation-a-balancing-act/
3. https://www.malaymail.com/news/malaysia/2025/01/15/new-sarawak-foreign-workers-system-takes-effect-today-but-industry-concerns-grow-over-fees/163275
Sarawak's new foreign worker management system, effective January 15, 2025, introduces higher fees for hiring foreign labor. Industry players express concerns over increased costs and potential operational disruptions. The state government asserts that the system aims to streamline processes and enhance regulatory compliance.