Date: 8 March 2022
Fees: RM470.00/ 2 credits
Remote Online Training (Microsoft Teams)
Code: HR
HR 1.1: Fulfilling Your Company’s Statutory Obligations For Your Employees in Difficult Economic Situation
INTRODUCTION
Employees are critical to the overall success of a business. Business owners are focused on getting suitable employees for the running and growth of the business. Regardless of the benefits employees bring to the business, the business owner has a set of obligations stipulated by existing laws in the country to fulfill. These laws provides for the welfare and protection of employees. Regulations stipulate monthly obligations for employers for contributing to employee retirement savings (EPF /KWSP), employee social security and insurance (SOCSO/ PERKESO) and tax deductions from salaries (MTD/PCB). Often times, employers miss these obligations and the penalties for business owners are heavy.
OBJECTIVE
In this workshop participants will review the existing laws relating to the protection and welfare of employees and understand the obligations employers have in relation to these laws. Participants will understand the requirements on reporting and contribution by the EPF Act, Employees’ Social Security Act and Employment Insurance Scheme (PERKESO), and monthly tax deductions (LHDM). They will also learn what type of payments to that employers make that attract contributions to be made and the correct calculations for such payments.
HOW WILL YOU BENEFIT
At the end of this workshop, participants will be able to:
- Apply the practical knowledge of employment and wages administration in accordance to Employment law.
- Comply with the legal obligations of EPF, SOCSO, EIS, HRDF AND Income Tax – PCB.
METHODOLOGY
Presentation, Interactive Discussion and Practical Exercise
WHO SHOULD ATTEND
- Business owner
- PA/ secretary
- Administration
- HR executive/assistant
- Account personnel
COURSE OUTLINE
- Common mistakes in payroll administration
- Short payments in statutory contributions
- Wrong assumptions with contract staff
- Wrong assumptions with part timers
- KWSP: employer retirement contributions
- Eligibility for contributions
- Types of payments subjected to contributions
- Important dates and penalties
- Case study and exercises
- PERKESO: employer social security
- Why two payments? social security and employment insurance
- Eligibility for contributions
- Foreign worker protection & contributions
- Types of payments subjected to contributions
- Important dates and penalties
- Claims and benefits accorded by Act
- Benefits to employees
- Documentation required
- Employment taxes
- Salaries / wages that is tax deductible
- Payments to employees not taxed
- Rebates / exemptions
- Benefits in kind and perquisite
- Computation to MTD/ PCB deductions
- Consequences of over or under deduction of taxes
- EA form preparation
TRAINER’S PROFILE
Karen Karn is a Certified Behavioural Consultant for the DISC profiling tool. Karen has also been volunteering as a lay counsellor at a well-established counselling centre since 2010. She is certified in Choice Theory and Reality Therapy with the William Glasser Institute and a Certified Professional Trainer (IPMA, UK), Certified Human Resource Manager (MIHRM) and HRDF approved trainer.
Karen is a Chartered Accountant with the Malaysian Institute of Accountants (CA). She holds a Diploma in Marketing with the Chartered Institute of Marketing (UK), a Master in Business Administration and a Masters in Counselling. Currently, she is a PhD candidate in a local university. She has over 30 years of working experience in management and leadership positions, business systems, and processes, business planning and budgeting, HR management, appraisals and performance management.
Throughout her career in the hospitality, F&B, pharmaceutical sales & marketing companies, and consulting with service based and manufacturing companies, Karen has acquired in-depth experience in setup and managing of businesses systems and processes. In her consulting with management in SME companies, she has reviewed, developed, implemented best practice internal control processes. She has conducted executive coaching, trained and guided her clients in human resource policies, employee handbook, job descriptions, and the performance management and appraisal of employees.