STABILISING LABOUR MARKET THROUGH EMPLOYMENT INSURANCE - News Summed Up

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STABILISING LABOUR MARKET THROUGH EMPLOYMENT INSURANCE


Inevitably, implementation of strict SOPs aimed to mitigate the health crisis has slowed down business activities, and ultimately the labour market. This calls for immediate and appropriate assistance; efforts to improve the income inequality and socio-economic of everyday Malaysians must be centred on the labour market interventions. In this context, the Government had taken a significant move by introducing the Employment Insurance System (EIS) in January 2018. As a unique function of employment insurance, the programme mandates that those receiving employment insurance benefits must be able and willing to seek, train and accept offers via Socso’s ecosystem – a complete 360 employment assistance and services to workers. Hence, this is an impetus to expand the coverage and functions of employment insurance in Malaysia.


Source: The Star September 12, 2021 00:31 UTC



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