Budget2020: Unemployed Women & Youth Who Return To Work Will Receive RM 500

Exciting times ahead for those of you in search of a career! Budget 2020 brought some good news for job seekers with its #MalaysiaKerja incentive.

During the tabling of ‘Budget 2020’, Finance Minister Lim Guan Eng announced there’ll be “rewards” for women and youth graduates who enter back the workforce.

For Women:- 

Those returning to work after stopping for more than one year between the aged of 30 years old to 50 years old will receive an incentive of RM 500 per month for 2 years if hired.

Not only that, women who returned to work will be eligible for income tax exemption, which will be extended until 2023.

For Youth Graduates:- 

Graduates who are unemployed for more than a year will be entitled to get RM500 per month for 2 years once hired.

For Employers:- 

With every new hire in both categories, employers can receive up to RM 300 per month for 2 years.

Woah, this is definitely good news for both employees and employers! What do you think of the government’s move to give out #MalaysiaKerja incentives?