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Selasa, 18 Oktober 2011
Selasa, 11 Oktober 2011
Higher retirement age for private sector? Possible.
The government has increased retirement age from 58 to 60. But that’s for the civil servants. The private sector still has to keep 55 as its retirement age.
Like most of us, our Human Resources Minister, Datuk. Dr. S. Subramaniam feels the retirement age should be raised in private sector too.
He was quoted by The Star newspaper as saying that the current retirement age of 55 was set many years ago when the life expectancy of Malaysians was around 55.
“Now, it is around 75, so we can’t keep the retirement age at 55,” said Dr Subramaniam at a press conference after launching the Malaysian Employers Federation (MEF) national conference 2011.
Earlier in his speech, he said Malaysia was “lagging behind” in terms of its retirement age requirement compared with other countries in the region such as Thailand, the Philippines and Singapore.
He said representatives of employers, employees and the Government were currently in discussion to decide on a new retirement age for the private sector.
He added that the MEF had agreed in principle to the proposed rise in the retirement age, but had some reservations that needed to be addressed.
“The Private Sector Retirement Age Bill is currently being drafted. The Act will give us the power to stipulate the retirement age for the private sector,” said Dr Subramaniam.
He said that currently, the Em- ployment Act only stipulated the retirement age for the government sector.
“Now that the retirement age for government workers has been extended, people will expect the private sector to follow suit,” he said.
Prime Minister Datuk Seri Najib Tun Razak announced that the retirement age for the civil service would be raised from 58 to 60 years when announcing Budget 2012 last week.
Like most of us, our Human Resources Minister, Datuk. Dr. S. Subramaniam feels the retirement age should be raised in private sector too.
He was quoted by The Star newspaper as saying that the current retirement age of 55 was set many years ago when the life expectancy of Malaysians was around 55.
“Now, it is around 75, so we can’t keep the retirement age at 55,” said Dr Subramaniam at a press conference after launching the Malaysian Employers Federation (MEF) national conference 2011.
Earlier in his speech, he said Malaysia was “lagging behind” in terms of its retirement age requirement compared with other countries in the region such as Thailand, the Philippines and Singapore.
He said representatives of employers, employees and the Government were currently in discussion to decide on a new retirement age for the private sector.
He added that the MEF had agreed in principle to the proposed rise in the retirement age, but had some reservations that needed to be addressed.
“The Private Sector Retirement Age Bill is currently being drafted. The Act will give us the power to stipulate the retirement age for the private sector,” said Dr Subramaniam.
He said that currently, the Em- ployment Act only stipulated the retirement age for the government sector.
“Now that the retirement age for government workers has been extended, people will expect the private sector to follow suit,” he said.
Prime Minister Datuk Seri Najib Tun Razak announced that the retirement age for the civil service would be raised from 58 to 60 years when announcing Budget 2012 last week.
Senin, 03 Oktober 2011
MOHR: It’s the wage, not unemployment, which is the issue
According to him, the unemployment rate in Malaysia is at 3.1%, which is as good as 100% employment, so the focus now is on the increase of wages.
“There are around 150,000 Malaysians who commute daily to Singapore to work there,” he said, adding that including those who live in Singapore, there could be around 200,000 Malaysians working in Singapore,” he said.
He noted that employment in Malaysia is good enough, and even quipped that there are enough opportunities for even foreigners.
Earlier in his speech, Dr. S. Subramaniam added that the current Economic Transformation Program embarked by the government is focussed on transforming Malaysia into a high income nation by 2020, whereby the country’s gross national income per capita will increase from RM23,700 in 2009 to more than RM48,000.
He was speaking to reporters after the launch of The People’s Edge Magazine.
Meanwhile, the minister lauded the magazine, published by Job Hunt Group, as it was devoted to the development of the nation’s human capital management. “I have had a quick look at the magazine and I can see that it is full of interesting information on the field of HR and human capital development where the latest trends, information, views and efforts in these fields taken by the government and its agencies and the private sector are showcased, discussed and analysed,” he said during the speech.
Job Hung’s Group Executive Director, Dato’ (Dr) Michael C.H. Wong, in his speech, noted that as a specialist in human capital solutions, the publisher saw a gap for a publication that addresses Human Capital management from a wholly Malaysian perspective.
“So, we took a proactive approach and invested in this direction to broaden our commitment, in ‘Developing Malaysia’s Human Capital’, which is our tagline for our Human Capital magazine, People’s Edge,” he said.
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