The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
Hiring Incentive 3.0
1. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
Employers can apply for
Hiring Incentives 3.0
from 15 July 2021 until 31 December 2021.
#AskKtpHR
#AskThkHR
11/08/21
2. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
The Malaysia government under the PENJANA /
Short-Term Economic Recovery Plan announced the
Hiring Incentive Program (Penjana Kerjaya)
which is an economic recovery initiative under the
Ministry of Human Resources, administered by Social
Security Organization’s (Socso) Employment
Services to promote job creation among
employers while increasing employment prospect.
#AskKtpHR
#AskThkHR
11/08/21
3. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
Application timeline: 15/7/21 until 31/12/ 21
Hiring timeline: 15/6/21 until 31/12/21
Key benefits
*40-60% salary incentives paid to employers that hire
new staffs with 3 or 6 months contract
*Claim up to RM7,000 worth of Data Science and
Business Analytics Training per employee
*other benefits
#AskKtpHR
#AskThkHR
11/08/21
4. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
The six initiatives are targeted
for support for employers in the
following areas:
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#AskThkHR
11/08/21
5. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
#1 The unemployed and people who lost
their jobs
Eligibility
• Recipients of employment insurance system (SIP)
benefits;
• Individuals including graduates who have been
unemployed for more than 180 days; and
• Individuals who have never contributed to PERKESO
Incentive rate - 60% of monthly salary to the employer
Maximum payment per month - RM6,000
Minimum salary - RM1,500 and above
Length of service contract - 12 months
11/08/21
#AskKtpHR
#AskThkHR
6. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
#2 The vulnerable groups
Eligibility
• Disabled;
• Participants under the Return to Work (RTW)
programme;
• Ex-convicts; and
• Individuals below Malaysia’s poverty line
Incentive rate - 60% of monthly salary to the employer
Maximum payment per month - RM6,000
Training assistance - Until RM7,000
Minimum salary - RM1,500 and above
Length of service contract - Six months
11/08/21
#AskKtpHR
#AskThkHR
7. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
#3 For Malaysianisation
Eligibility
Replacement of positions offered to local workers to
replace foreign workers
Incentive rate
40% of the salary is credited to the employer’s
account; and 20% of the salary is paid directly to the
employee
Maximum payment per month
RM4,000 to the employer; RM2,000 to employees
Minimum salary- RM1,200 and above
Length of service contract - 12 months
11/08/21
#AskKtpHR
#AskThkHR
8. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
#4 For apprenticeships
Eligibility
School leavers and graduates, aged 18 to 30 years
Incentive rate
RM1,000; or RM800
Maximum payment per month - RM4,800 within six
months
Minimum salary - Minimum RM1,200 and above
Length of service contract -Minimum three to six
months
11/08/21
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#AskThkHR
9. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
#5 Those under the age of 40
Eligibility
Aged 16 to 39
Incentive rate
40% monthly salary to the employer (subject to a
maximum salary of RM10,000)
Maximum payment per month - RM4,000
Minimum salary - Minimum RM1,500 and above
Length of service contract - Minimum 12 months
11/08/21
#AskKtpHR
#AskThkHR
10. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
#6 Those above the age of 40
Eligibility
Aged 40 and above
Incentive rate
60% monthly salary to the employer (subject to a
maximum salary of RM10,000)
Maximum payment per month - RM6,000
Minimum salary - Minimum RM1,500 and above
Length of service contract - Minimum 12 months
11/08/21
#AskKtpHR
#AskThkHR
11. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
For Employers
* New hires after 15/6/2021 with salary minimum
RM1,200
*For contract staffs, the contract period in the offer
letter has to be at least 3 months or 6 months
*consult Penjana Kerjaya 2.0 Customer Service team
for detailed information and eligibility
#AskKtpHR
#AskThkHR
11/08/21
12. KTP & Company PLT (LLP0002159-LCA)
www.ktp.com.my
Eligibility :
Employer* register with SOSCO
Employee** contribute to SOSCO
* Register with SSM before 1/1/21
** Exclude foreigner
#AskKtpHR
#AskThkHR
11/08/21