The Malaysia Employment Act 1955 has recently undergone a significant amendment with the implementation of MYwave, an online system for managing employment-related transactions between employers and employees.
One of the main changes brought about by the MYwave system is the introduction of a new section in the Employment Act, which requires employers to issue an electronic employment contract to their employees. This new provision is aimed at improving transparency and accountability in the employment relationship, as it ensures that both parties have access to the terms and conditions of the employment contract at all times.
In addition to the electronic employment contract requirement, the MYwave system also streamlines the process of filing and processing employment-related transactions such as salary payments, leave applications, and other employment-related benefits. This simplifies the process for both employers and employees, and reduces the risk of errors or delays in processing.
Another key feature of the MYwave system is its ability to facilitate communication between employers and employees. The system includes a messaging platform that allows employers and employees to communicate with each other directly, without the need for intermediaries such as HR managers. This not only saves time and resources, but also promotes greater transparency and accountability in the employment relationship.
Overall, the implementation of the MYwave system represents a major step forward for the Malaysian employment landscape, as it improves transparency, efficiency, and communication between employers and employees. Employers are encouraged to take advantage of this system to streamline their employment-related transactions and promote a more productive and harmonious workplace.
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