Global Trends

Working Remotely or Not, Here Are Several Checkpoints to Combat Quiet Quitting

To fully understand the definition and context of quiet quitting, to put it planly, it can be translated as a form of employee disengagement. This phenomena is the result of various different reasons such as unfair pay, extremely overloaded workload, poor workplace boundaries, and more. In plain words, quiet quitting encourages employees to do their bare minimum to complete their work, and resist going above and beyond. Popularized by one of the currently booming social media platforms, TikTok, quiet quitting like it’s name, is a rather less aggressive movement against bad workplaces and bosses that don’t value their employees time and effort fairly. Still, the negative impact of quiet quitting to organizations cannot be underestimated. 

Employer Contribution

Employer Contribution in Malaysia

KWSP (Kumpulan Wang Simpanan Pekerja) or Employees Provident Fund (EPF) is a retirement saving scheme for individuals who are employed, self-employed or business owners in Malaysia. A person employed by an employer under a service contract or apprenticeship is liable to contribute towards EPF, unless they are covered by the First Schedule, Second Section of the EPF Act 1991. EPF is governed under the Employee Provident Fund Act 1991. EPF contribution will be managed and invested under Simpanan Konvensional and Simpanan Shariah. The saving is comprised of the employee’s and employer’s monthly contributions and yearly dividends earned.