Most people are apprehensive about discussing money with anyone, let alone their boss. However, it is critical to learn how to start negotiating a salary. You are less likely to be paid fairly if you never request a raise.

In 2023, Malaysian employees can anticipate a pay raise, yet it is still being determined if it will reach pre-pandemic rates or have a sufficiently positive effect.

If you're here to check out how to calculate overtime pay, double pay, and triple pay for your workers, you've come to the right place.

Talented professionals seek positions that compensate them fairly for their time, experience, and skills. They might have several employment opportunities, giving them more negotiating power over their salary and other benefits. Offering a competitive salary is critical for attracting new team members.

Many businesses use salary transparency to keep their employees productive and satisfied, in addition to offering incentive plans and opportunities for advancement.

In Malaysia, it is occasional to find transparent employers with the salaries offered and high and competitive wages.

The Malaysia Retailers Association (MRA) requests that the Human Resources Ministry classify minimum wages based on zones.

Some workers have reported that their benefits have been cut by their employers after the new minimum wage was implemented.

An economist has suggested that Malaysia should adopt an hourly-based minimum wage rate, saying it is much better for both employers and workers.

Human Resources Minister Datuk Seri M. Saravanan said the RM1,500 monthly minimum wage is specifically for the fundamental wage and doesn’t include allowances and overtime pay.