Malaysia’s ongoing economic growth is all due to its high labor productivity. The International Monetary Fund has considered Malaysia as the 4th largest economy in Southeast Asia. The manufacturing industry has been the greatest contributor to their success since the 1960s and continues to do so as the country is averaging at a 4.3% GDP growth rate.
Kuala Lumpur, Georgetown and Johor Bahru
Programmer or Software Engineers, Information Technology (IT) Specialists, Data Scientists/ Data Analysts / Data Engineers. Computer Science – Cybersecurity, Digital Forensics, Blockchain
The top local universities in Malaysia are as follows:
Some common jobs in Malaysia and their corresponding monthly salary are listed below:
|Job Title||Average Monthly Salary (MYR)||Average Monthly Salary (USD)|
|Marketing Manager||6,180 MYR||1,413 USD|
|Product Manager||5,090 MYR||1,163 USD|
|Sales Executive||4,250 MYR||971 USD|
|Developer||2,570 MYR||587 USD|
|UI/UX||2,420 MYR||553 USD|
|Accounting||2,280 MYR||521 USD|
Indeed, Neuvoo, Jobs-Station.com
Payroll in Malaysia is paid monthly. It is given within the first 7 days of the following month.
Minimum wage in Malaysia varies from the Municipal councils from areas outside it. The former has a minimum wage of MYR 1,200.00 per month while the latter is MYR 1,100.00 per month.
Overtime pay is based on the day that the work is performed. Below are the rates:
In Malaysia, a 13th month pay is not mandatory. Although, it is customary to provide a 13th month pay at the end of the year.
Employers in Malaysia may provide the following benefits to their employees:
|Contributions||Malaysian citizens and permanent residents (mandatory)||Expatriates and foreign workers (without permanent resident status) (voluntary)|
|Rate of contribution of employee’s wages (minimum)|
|Below age 60:|
|Income > MYR 5,000||12%||11%||MYR 5 per person||11.0%|
|Income ≤ MYR 5,000||13%|
|Above age 60:|
|Income > MYR 5,000||Malaysian: 4.0%;
Permanent resident: 6.0%
|Malaysian: 0%; Permanent resident: 5.5%||MYR 5 per person||5.5%|
|Income ≤ MYR 5,000||Malaysian: 4.0%;
Permanent resident: 6.5%
|Contribution to||Employer Rate||Employee Rate|
|Employment Injury Scheme (EIS) and Invalidity Scheme (IS)||Maximum MYR 86.65||Maximum MYR 24.75|
|Employment Insurance System (EIS)||0.2% (Restricted to MYR 9.90)||0.2% (Restricted to MYR 9.90)|
|Annual Taxable Income||Tax on first amount||Tax rate on the excess|
|5,000 to 20,000 MYR||0||1%|
|20,000 to 35,000 MYR||150 MYR||3%|
|35,000 to 50,000 MYR||600 MYR||8%|
|50,000 to 70,000 MYR||1,800 MYR||13%|
|70,000 to 100,000 MYR||4,400 MYR||21%|
|100,000 to 250,000 MYR||10,700 MYR||24%|
|250,000 to 400,000 MYR||46,700 MYR||24.5%|
|400,000 to 600,000 MYR||83,450 MYR||25%|
|600,000 to 1,000,000 MYR||133,450 MYR||26%|
|1,000,000 to 2,000,000 MYR||237,450 MYR||28%|
|Above 2,000,000 MYR||517,450 MYR||30%|
Malaysia’s sales and services tax is projected to tread around by 10% in 2022.
Malaysia observes a pro-employee system. When terminating an employment contract, Employers must send out a notice with a just reason for dismissal. Employees will then have the opportunity to provide an explanation, challenge the employer’s decision or accept it.
Malaysian employees under the probationary period will have up to 30 days of notice period. On the other hand, Malaysian employees after probation will have up to 3 months of probation period.
|Years of Service||Amount of Pay (per year of employment)|
|Below or equal to 2 years||10 days of salary|
|2 years to 5 years||15 days of salary|
|Above 5years||20 days of salary|
Getting an employment visa in Malaysia includes acquiring a Malaysia Work Permit. There are 3 types of work permit base on how long the employee intends to stay in the country:
|Day of Overtime||Rate|
|Extra hours worked on normal working day||150%|