Retrenchment in Malaysia

In our effort to help the future generation, we have to also accept the fact that the current working professionals are going through challenges and uncertainty from day to day. The most feared amongst all is being retrenched. With this 1Thinking hopes that we can share our knowledge on retrenchment also rights of employee if you get retrenched.

Reaching out to everyone that needs any assistance and willing to give a hand, I am inviting all professionals that knows any open vacancy in their organization to email us at together@1thinking.com and listing all open positions with the subject (Open Position) and those who are interested to deposit your CV to any of these organization to also email us at together@1thinking.com with the subject (Interested in Open Position). We look forward to lend a hand.

Under the Malaysia Labor Law: Employee Act 1055 or Industrial Relation Act 1967, this is the minimum amount of money the employer should pay the employee if they decide to retrench. If you have been working for a company:

*Between 1 to 2 years, you should get minimum of 10 days salary for each year of your employment under a continuous contract of service with the employer.

*Between 2 to 5 years, you should get minimum of 15 days salary for each year of your your employment under a continuous contract of service with the employer.

*Above 5 years, you should get minimum of 20 days salary for each year of your your employment under a continuous contract of service with the employer.

How about if you work for 1.5 years, 2.2 years, 2.5 years, 3.4 year? Let say, if you work for 1.5 years, then the retrenchment compensation will be calculated like this:

If you found that your employer fails to provide you whatever stated in the contract of service, then you can make a complaint at the Labour Office.

Labor law in Malaysia is not so strong, the retrenchment compensation is not that much if the company decides to pay you the minimum. For those employees who do not know about their rights and are not aware of such things then they may get retrenched without anything.

There are many factors of retrenchment and it can be happened with all in the sudden. If company is doing very well, doesn’t mean that there will not be any layoff. It could due to many reasons, for example, company restructuring, cost cutting and so on. So, it’s better to know more about Malaysia Labor Law so that you will know what to do if bad luck fallen on you.

Quick facts:

Between 2008 and 2009 there was 21,665 employees which was retrenched and the highest number of retrenchment was in the month of December 2008 with 7,608

1Thinking Vision, Mision and Values

Mission:

1Thinking is an independent group that aims to be a registered society which comprises of working           professional volunteers whose mission is spearheading the growth and enhancement of quality of knowledge and awareness for the future generation of leaders.

Values:

Committed—to commit in the effort to bring value to the community and future generation

Sincere—to bring changes with an open mind and generous in sharing and exchanging knowledge

Quality  - Strive for excellence to deliver the best with the best

Caring—To be courteous and diligent in assisting the community and future generation

Aware—keeping an open mind on the current issues and   problems to assist in finding solutions

Effective—To share knowledge with precise information and workable solution

Vision:

The vision of 1Thinking is to have a common thinking towards the betterment of the future generation to excel as future leaders.

1Thinking Registration is Open to All

1Thinking is encouraging everyone to join us to be a part of a common thinking group that can independently organize community activities and public talks for the benefit o all. Please click on the below link to access the registration form either you want to be a member, be a part of our panel speaker, or just to give support and comments. Thank you!

Registration form for 1Thinking

Public talk in UTEM

In the early morning of 23rd of October 2010, 4 of us drove from the streets of Kuala Lumpur to the town of Ayer Keroh excitedly wanting to meet the future generation of leaders currently studying in UTEM. We came with high hope that we can contribute our ideas and share our experiences with the students of UTEM that anxiously and confidently bombarded us with questions covering from technology related, working and personal experiences, thoughts on current issues and many others.

We started the talk at 9am and ended at 12:30pm with a lot of unanswered questions due to the limititation. However, 1Thinking have setup a forum on this site and any questions can be addressed by or fellow group members. Thanks UTEM and our fellow speakers:

1. Husin bin Ahmad from ACS
2. Abdul Rahman bin Mohamed from MAS
3. Mohd Izwan bin Ismail from Heitech
4. Mohamed Zuhri Yusof from Proton