KUALA LUMPUR, Dec 6 — The Social Security Organisation (Socso) is considering exempting small and medium enterprises (SMEs) from mandatory job vacancy reporting under the amended Employment Insurance System (SIP) Act.
KUALA LUMPUR, Dec 6 — The Social Security Organisation (Socso) is considering exempting small and medium enterprises (SMEs) from mandatory job vacancy reporting under the amended Employment Insurance System (SIP) Act.
Human Resources Minister Steven Sim said the exemption will depend on stakeholder consultations, with Socso working closely with employers and employees to finalise the details. A two-year moratorium will be in place before the new provisions are enforced, ensuring no penalties for employers who do not report vacancies during this period.
“The system aims to give Malaysians access to current job opportunities, help companies match vacancies with talent, and provide accurate labour market data for better policymaking. The reporting process is simple, online, and automated, and the moratorium will allow stakeholders to adapt and provide feedback,” Sim said.
He added that the amended SIP Act also boosts benefits, including higher unemployment allowances, skills training subsidies, and mobility allowances for those who lose their jobs.
The Dewan Rakyat passed the SIP (Amendment) Bill 2025 on Thursday to enhance Socso benefits for unemployed contributors and strengthen governance of the insurance scheme. — Bernama
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