What Is Eis Malaysia

The employee insurance scheme eis which is administered by the social security organisation socso seeks to provide temporary financial assistance for up to six months to workers who are retrenched or have had some form of loss of income. On top of that the aforementioned retrenchment benefits will also act as a stabilizer to help sustain economic activities in a country especially during the economic. Malaysia country of southeast asia lying just north of the equator that is composed of two noncontiguous regions.

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It provides financial support for those who are between jobs allowing them some peace of mind while looking for their next source of employment.

What is eis malaysia. Socso will provide unemployed workers with job search allowance for up to six months based on a scaled amount but this will only kickstart in 2019. This is simply put the act of dismissing an employee that is justified on the basis that his her role has become redundant. If you are an eis contributor who recently lost your job you may be eligible to receive benefits.

Government employees domestic workers and the self employed are exempted. Introduced in 2018 the employment insurance system eis is designed as a safety net for workers who have lost their jobs due to retrenchment or other similar circumstances. Menara perkeso 281 jalan ampang 50538 kuala lumpur.

There s an unpleasant activity tasked to the hr department of any local organisation one that s a painful experience overall retrenchment. Basically eis is a job loss coverage scheme designed to help workers who have lost their jobs by providing them with temporary financial assistance among others. On a final note the employment insurance system eis is expected to start in january 2018.

Eis aims to provide employment insurance public employment services and labor market information lmi to the malaysian workforce. Eis coverage all employers in the private sector are required to pay monthly contributions for each of their employees. The malaysian capital kuala lumpur lies in the western part of the peninsula.

It s believed that eis will add efficiency of the labor market in malaysia through a better structured system of matching supply and demand which in turn will lead to increased productivity and competitiveness of the industries. Welcome to the employment insurance system eis homepage. The malay name for it is sistem insurans pekerjaan or sip.

Managed by the social security organisation socso eis the eis eis perkeso is the abbreviation for the employment insurance scheme. Please continue reading to see how we can assist you. Please click on the eis benefits tab to determine your eligibility and to see what benefits we offer.

Peninsular malaysia which is on the malay peninsula and east malaysia which is on the island of borneo. 03 4256 7798. What do i need to know.

An employee is defined as a person who is employed for wages under a contract of service or apprenticeship with an employer. The contract of service or apprenticeship may be expressed or implied and. Perkeso touch point.

Location working hours socso state office socso office. Employment insurance system eis self employment social security scheme. If you are eligible to apply for benefits please.