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.
— BERNAMA (@bernamadotcom) October 12, 2019
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 years we’ve known that Malaysia needs to improve female labour force participation. We are glad the government is finally putting in significant financial commitment towards achieving this. https://t.co/ULu01AI4N1
— Women's Aid Org (@womensaidorg) October 11, 2019
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:-
Thisssss. The highlight of the budget 2020 that I want to emphasize.
If you're unemployed for more than a year, you're entitled to get RM500/months up to 2 years!! upon enrollment to new job. https://t.co/DXCi6ZBwHY
— Sabrina. (@sabrinacassiope) October 11, 2019
Graduates who are unemployed for more than a year will be entitled to get RM500 per month for 2 years once hired.
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?