The government will publish salary statistics in Malaysia for every yearly quarter to tackle low salary payments, Economic Affairs Minister Rafizi Ramli said.
“We are ready for the first publication but I need to announce it to the Cabinet this week and hope it will be implemented after Hari Raya Haji,” he said during the media conference of the Belanjawanku 2022/2023 app launch at EPF Tower today.
The move will help Malaysians and the economy by creating a focus on salary issues and be a good benchmark for the open work market, he said
He added that the entire country, including employers, must make a collective decision so that they can evaluate the government’s focus on preparing comprehensive data infrastructure.
“Otherwise, we cannot make policies based on fact as we need information, and that’s what we’re working on.
“We are confident that the data infrastructure will be ready, and then we will discuss benchmarking.
“That is why are pushing for quarterly wage statistics. Otherwise, the policy formation can’t catch up with the changing salaries, so the disparity increases.
“Hopefully, we could do it on a monthly basis in the future,” he said.
Rafizi also said similar data would create a more dynamic work market, especially regarding salary issues in Malaysia.
He said the government was still discussing at the ministry level, including the economic and human resources ministry, more progressive salary policies to look at the policies’ direction.
“According to the schedule, the first presentation of the progressive salary framework is in August and within these two months, discussions, and engagement sessions will happen and we will seek views from experts and economists,” he said.
- Bernama
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