Interloop
If you are looking for an efficient way to grow your employees fast and professionally in your field? Interloop’s Employer of Record (EOR) is the most flexible, cost-effective method for both your business and employees to grow.
Kuala Lumpur
Malaysian ringgit
(RM, MYR)
32,730,000
(est. 2020)
Malay
Malaysia is a tourism hotspot with rich cultural diversity, and an established economic superpower among the ASEAN countries. For over half a century, the Malaysian economy has experienced significant economic growth, driven by gains in the mining, tourism, commerce, pharmaceuticals, and manufacturing industries in particular. Kuala Lumpur is now home to a burgeoning tech sector with a strong base of digital talent and highly skilled services professionals. This Southeast Asian nation is a prime destination for employers looking for quality team members, and many businesses establish an Asian hub in the city affectionately know as KL.
Malaysia Employment Act, where the law allows that, by agreement between the employers and employees, where the number of hours of work on 1 or more days of the week is less than 8 hours (for instance, some workers are required to work half day on Saturday or some not even required to work on Saturday), the limit of 8 hours may be exceeded on the remaining days of the week, provided that no employee shall be required to work for more than 9 hours in 1 day or 48 hours in 1 week.
For any overtime work carried out more than the normal hours of work, the employee shall be paid at a rate not less than One-and-a-half times the hourly rate of pay. Rest days, the employee shall be paid at a rate Two times the hourly rate of pay. Public holidays, the employee shall be paid at a rate Three times the hourly rate of pay.The Employment (Limitation of Overtime Work) provides that the limit of overtime work shall be a total of 104 hours in any 1 month. This means an average of about 4 hours in 1 day. The employers must be mindful that they must not require any employee under any circumstances to work more than 12 hours in any one day.
The number of paid sick days in Malaysia also depends on the duration of employment. Thus, those employees whose illness doesn’t require hospitalization are entitled to:
The illness should be confirmed by the medical practitioner, medical officer, or dental surgeon. At the same time, the employees should inform their employers on sick leave during 48 hours after commencement or be deemed absent from work without reasonable excuse. If the illness is more serious and requires hospitalization, the employees receive 60 days of paid sick leave in total, notwithstanding the period of employment.
The law also provides paid leave entitlements to women in connection with pregnancy. According to the Employment Act, a female employee involved in the private sector has been entitled to a total of 60 consecutive days of maternity leave while public sector employees were entitled to 90 days.
In Malaysia, the employees are entitled to paid annual leave, which depends on the period of employment as follows:
Those who have worked for less than a year are not eligible to paid leave unless they leave the company in which case their paid leave will be prorated. For example, the employees who have worked for 6 months and are leaving the company are eligible for 4 days of paid annual leave.
Employee contracts can be terminated if a just cause is established, such as dishonesty, negligence, fraud, or any other work-related offenses and employees reserve the right to dispute their dismissal as unfair.
Employees who’re dismissed unfairly (i.e., for reasons not related to their performance or conduct) are entitled to severance packages equivalent to their tenure working with an employer.
There is no stipulated notice period required under Malaysian employment law.
Compliantly set up your new hires to work faster than ever.
Create an airtight contract according to local laws, send it for signing and complete onboarding; all within a simple, self-serve platform.
Say goodbye to manual payment for contractors and employees, complicated local taxes and troublesome payrolls!
Now you can pay your entire team every month with a single bulk payment, and Globelise will make
Imagine onboarding, contracts payroll, benefits and built-in compliance at your fingertips.
Here at INTERLOOP, we provide all the basic tools required to expand into and grow in the region. Our solutions range from providing simple company incorporation, key staffing and work force management, digital marketing solutions, tax and accounting solutions, and in-depth consultation on customized market entry analysis.
We also provide our expertise in more complex areas including formulating Go-To-Market strategies, applying for relevant government schemes and licenses, M&A advisory or business matching services, and English legal document or contract preparation, review, and negotiation.
Are you looking to expand your business into Asia? If you are looking for an efficient way to grow your employees fast and professionally in your field?
Interloop’s Employer of Record (EOR) is the most flexible, cost-effective method for both your business and employees to grow.
When you are using Interloop’s EOR & secondment services, we become the legal employer of your staff and second them back to you under a service agreement. Our EOR and secondment contract allows you to remove all the unnecessary costs and time associated with setting up and maintaining a legal entity, investing minimum capital, annual company administration, etc. – allowing you to expand into a new country in as little as 1 day.
Your people are your greatest asset and the right fit can make a massive impact on your business. We believe that borders shouldn’t hinder you to hiring the greatest talent for a specific role. We know all the struggles in international hiring and we’re here with solutions.
Our recruitment service will take care of the entire recruiting process: from recruitment planning, to searching and screening, to evaluation and control.
We will handle everything from hiring, onboarding, compliance and payroll for your contractors, so your business can take advantage of the abundance of local, skilled contractors to grow your company on a global scale.
Handling payroll in multiple jurisdictions can be time consuming, expensive and an ongoing administrative task. We will handle the payments for your employees and contractors in the country of your choice in a dependable and timely fashion.
Level 3, Prasert Sutt Building 360 Sanambinnam Nonthaburi Road,
Bang Krasor, Mueang Nonthaburi,
Nonthaburi 11000 Thailand
#23-05. International Plaza, 10 Anson Rd, Singapore 079903
TH Phone : +66 (0) 97 106 9113
SG Phone : +65 9102 0303
Office Phone : +66 (0) 2 007 0971
Email : enquiry@inlps.com
Line@ ID : @inlps
MON-FRI : 09:00 – 18:00
Level 3, Prasert Sutt Building 360 Sanambinnam Nonthaburi Road,
Bang Krasor, Mueang Nonthaburi,
Nonthaburi 11000 Thailand
#23-05. International Plaza, 10 Anson Rd, Singapore 079903
TH Phone : +66 (0) 97 106 9113
SG Phone : +65 9102 0303
Office Phone : +66 (0) 2 007 0971
Email : enquiry@inlps.com
Line@ ID : @inlps
MON-FRI : 09:00 – 18:00
