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COUNTRY TRADING PROFILES
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Labour market
The active population in figures |
Working conditions |
Cost of labor |
Social partners
The active population in figures
|
2009 | 2010 | 2011 | 2012 (e) | 2013 (e) |
| Labor force |
- | 12,200,000 | - | - | - |
| Rate of activity (%) |
- | 62.0 | - | - | - |
| Unemployment rate (%) |
3.6 | 3.3 | 3.2 | 3.1 | 3.0 |
Source:
CIA - The world factbook
; UN - United Nations
; World Bank
Note: (e) Estimated data
Working conditions
- Legal weekly duration
- 48 hours a week.
- Retirement age
- There is no legal age for retirement in the private sector even if the EPF (Employment Provident Fund) considers people are eligible from 55 for men and 50 for women.
- Working contracts
- Called "Contract of Service" or "Contract of Employment", the contract is deemed to exist as soon as the employee starts to work. There are fixed-term contracts and open-ended contracts.
Cost of labor
- Minimum wage
- No legally mandated national minimum wage
- Average wage
- USD 5,751 per year (women)
USD 15,861 per year (men)
- Social contributions
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Social security contributions paid by employers: 1.5 %.
Social security contributions paid by employees: 0.5 %.
Social partners
- Social dialogue and involvement of social partners
- There are two national organizations: the Malaysian Trade Union Corporation (MTUC) and the Congress of Unions of Employees in the Public and Civil Service (CUEPACS).
- Unions
-
National Union of Journalists Malaysia
- Unionization rate
- 9.5% of workers are unionized.
- Labor regulation bodies
-
Ministry of Human Resources
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Last updates: May 2012
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