EIS Contribution Rates Malaysia 2024
Established in 2018, the Employment Insurance System (EIS) is a social security program that aims to provide financial assistance to employees who lose their jobs involuntarily. For eligible workers, benefits include job search allowance, reduced income allowance, and training allowance. Additional support such as career counselling and job matching is also made accessible to help find new job opportunities.
The scheme is an important part of Malaysia’s social security framework, providing employees a safety net and promoting economic stability and welfare.
Contributions to the scheme are mandatory for employers and employees alike. Currently, the contribution rate is set at 2% of the employee’s monthly salary.
The poster provided displays a detailed breakdown of the contribution rates required by the program, according to different wage brackets.
