What are the new wage subsidy amounts per worker based on company size?

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New Wage Subsidy Amounts Announced for SMEs

The Malaysian government has introduced new wage subsidy amounts per worker, tiered according to the size of Small and Medium Enterprises (SMEs). These revised subsidies aim to support businesses and retain employment amidst economic challenges. Companies employing up to 75 individuals will receive a subsidy of RM1,200 per worker. For businesses with a workforce between 76 and 200 employees, the subsidy will be RM800 per worker.
Subsidy for Smallest Businesses

Firms with a maximum of 75 employees are set to receive the highest per-worker subsidy. This group will benefit from RM1,200 for each employee. This measure is part of a larger RM10 billion stimulus package designed to alleviate financial burdens on SMEs and safeguard jobs.
Subsidy for Medium-Sized Businesses

Enterprises employing between 76 and 200 staff will receive a subsidy of RM800 for each worker. This tiered approach acknowledges the varying operational costs and employment scales across different business sizes within the SME category. The overall wage subsidy allocation has been increased to RM13.8 billion, expected to benefit 4.8 million workers nationwide.
Eligibility and Duration of Subsidy

The wage subsidy programme is applicable to companies registered with the Companies Commission of Malaysia (SSM) and the Social Security Organisation (Socso) before January 2020. A key condition for receiving this assistance is that companies must commit to not laying off any workers for the next six months. The subsidy itself will be disbursed over a period of three months.

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What are the new wage subsidy amounts per worker based on company size?

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