2. ABSTRACT
considered to be more on private
sectors and how the intervention and
interpretation by comparing and
contrasting the different implications of
various government on changes for the
corporate governance.
rapid growth of the Malaysian economy
in recent years has attracted
considerable attention by the local
workers and labors.
3. the determination mechanism of the
minimum wage fixed by an authority.
criteria used to introduce the level of
minimum wage.
control mechanisms
frequency of adjustment rates
4. INTRODUCTION
Wages is complex and defined as return
to labor
They consider wages as a means for an
acceptable quality of life in the context
of the standard of living in country
Includes direct wages, fringe benefits,
social security benefits paid to the
employees
5. COMPARISONS
Employers
define wages as all costs incurred for
the recruitment and use of labor in their
enterprises.
Workers
usually define wages as the direct
payments received for work done
6. Right now, in our private sectors
normally will receive only subsistence
wage.
that mean they are only received the
wage provides for basic subsistence
needs
compare to the public sectors who
received the living wage and fair wage
7. Wages also classified into 3 categories
that is subsistence, living and fair.
Poor rating wage system also affected
the poverty income.
Its mean that the impact of poverty can
gives more difficulty to the workers
especially who have the big family and
the earning for the month is not stable
and capable for them.
9. Determination
Workers are concerned with the
immediate quantum of disposable
income,
Although they recognize that fringe
benefits associated with terms and
conditions of employment
All other benefits in cash or kind are
also part of wages
10. PROBLEM ARISE
With had not paid the salary to the
workers for the last 2 months
Example: 250 Paycomm Workers
picketing after 2 month had not paid the
wages by the employers.
the company failed to delivered the
promises to paid the wage payment to
workers
the long term rewarding to the staff
11. OVERVIEW CURRENT
SITUATION
The government introduced the new
wage council, National Wage
Consultation Council, announced in
October 2010
The negative side with Ministry slowly
setting it up to implement the council
Slow implementation
Affected the poverty lines although still
in consideration from the government
12. The Government intervention is the ways
to produce a good quality of productivity
to the workers in private sectors
The Government also can measures
modified and adapted to the company
As we know that productivity must be
evaluated in the context of realities of
working conditions especially
technology and human capital of
workers
13. OTHERS
Private sectors also demanded and
warned the Government to be more
opened to the private companies
Government can handle the planned
about Private Pension Fund(PPF) and
the intervention also gives the
Government to control 2 sectors which
is public and private
Same with U.S, Latin America and Other
European Countries(EU).
14.
15. Example from scheme in the U.S,
government takes over the scheme
rightly after workers feels that they
needs helpers
To help and produce good distributor
and contributors to the private sectors
16. ARGUMENT
Some quarters called it the negative
consequences
With wage determination come the hot
topic and affected the minimum wage
issues
could cause the job losses in lower
occupation
Certain economists feel that raising the
minimum wage and the way of
determination it will only help a small wage
worker
17. and it doesn’t guarantee jobs. It
destroys jobs
Based on the research by the American
economists the minimum wage and
determination can increases
increased purchasing power
job gain, not losses the job
18. EVALUATION AND
SOLUTION
Implementation new minimum wages
change the subsistence wages to fair
wages
The special incentive not the daily
allowance
Government Intervention in wage
determination by engage the unions and
collective bargaining.
Establish National Wage Consultation
Council
19. to promote a market friendly approach
in the determination of wages through
the encouragement of establishment of
new wage consultation council and
promoting of collective bargaining.
22. CONCLUSION
Wage determination will always be
influenced by pre-determined policies of
the government
the intervention by the government, the
private sectors can be revamping and
redeem industries to produce more
sufficient quality and quantity workers
economic development must ensure
both sustained economic growth and
equitable distribution of incomes