Starting June 2024, Malaysia's new Progressive Wage Policy will take effect, involving over 1,000 voluntary companies in the pilot project.

This policy aims to boost SME sector staff productivity by compensating workers earning below RM5,000 based on their contributions to the company rather than their experience.

While it addresses our nation's labour market challenges, local SMEs will need to overcome obstacles before reaping its benefits.

Business owners and staff, what are your thoughts on this Progressive Wage Policy? Share your views in the comments!

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