The percentage of Malaysian employees changing their employment in March 2021 to September 2021 increases by 7% Retain your valuable employees with the right tools in the market. This one will sure to also ATTRACT new staff and MAINTAIN existing manpower in your company. As a caring employer, one of the best ways to make it easier for employees to take care of their future wealth creation.

1. Promoting Employee Loyalty
Implementing Staff Retention Program That Works!
By
Andeez Mervin
RFP

2. The GREAT RESIGNATION
The percentage of Malaysian employees changing their
employment in March 2021 to September 2021 increases by 7%
Randstad Malaysia
Promoting Employee Loyalty by Andeez Mervin

3. The Problem
● Low salary
● Unattractive employee benefits
● No work flexibility
● Skills building
● No recognition
● Unsafe environment
● No career growth opportunities
Sources: The Malaysian Reserve | Cilisos Malaysia
Promoting Employee Loyalty by Andeez Mervin

4. ● Malaysians don’t have RM1 mil
when retire within 20-30 years time
● 1 in 5 have made special
withdrawals from EPF
● 8 in 10 would continue to work
beyond retirement
● Ever growing cost of living
● 5 in 10 give financial support to
children
The Reality
Sources:
Smart Investor
Malaysia Retirement & Aging Survey
SAYS Malaysia
Promoting Employee Loyalty by Andeez Mervin

5. As a caring employer, one of the best ways to
make it easier for employees to save more and
regularly for their retirement is with
CORPORATE PRIVATE RETIREMENT SCHEME
The Solution
Promoting Employee Loyalty by Andeez Mervin

6. What is PRS?
It is a voluntary long term investment
scheme designed to help individuals
accumulate savings for retirement
It is intended to complement the
mandatory contributions made to EPF
Private Retirement Scheme
Promoting Employee Loyalty by Andeez Mervin

7. Benefits to Employer
Private Retirement Scheme Vesting for Employees
Attract quality
employees
Better recruitment appeal
for new talents to join your
company with this unique
compensation scheme
Enhance staff
loyalty
Enjoy tax
incentives
Reward loyal ones with
upgraded employee
benefits with PRS based
on special KPIs.
Achieve corporate tax relief
optimisation up to 19% for
an indefinite period
Rights to
contribution
Employers have the rights
to claw back their
contributions if employee
decides to leave his job
before the vesting period.
Promoting Employee Loyalty by Andeez Mervin

8. Benefits to Employee
Enhanced Future Financial Well-Being for the Employee
Enjoy personal
tax relief
Tax relief up to RM3,000
for each year of
employees’ own
contribution
Increased fund
for retirement
Creditor proof
Backup funds to
supplement future
retirement living costs on
top of the funds in EPF
Fund is protected from
creditors (Section 139ZA of
the Capital Market and
Services Act)
Flexible
contributions
Contributions are voluntary
and at employees’ own
accord for any amount to
contribute at any time
Promoting Employee Loyalty by Andeez Mervin

9. How to Participate in PRS for EMPLOYERS
EMPLOYERS
CONTRIBUTION
Immediate Vesting
Employer contributes up to 7% above EPF
mandatory rate (12%). No conditional
vesting of units.
Graded Vesting
Employer contributes up to 7% above
EPF mandatory rate (12%) & employee
accrued benefits are subject to vesting
schedule
Promoting Employee Loyalty by Andeez Mervin

10. Customizing Staff Benefits with PRS
Upon fulfillment of certain conditions such as :
By Age By Length of
Service
By Job Rank By Staff
Performance
Promoting Employee Loyalty by Andeez Mervin

11. How to Participate in PRS - for EMPLOYEES
EMPLOYEES CONTRIBUTION
● Sign-up for payroll deduction with employer (min deduction of
RM100 per month)
● Ad-hoc top-up via online transfer
● Track their investment via online portal
Promoting Employee Loyalty by Andeez Mervin

12. The 3 Core Funds
Promoting Employee Loyalty by Andeez Mervin

13. PRS Funds - Account Setup
All contributions will be maintained in two sub accounts, as follows :
Promoting Employee Loyalty by Andeez Mervin

14. PRS Funds - Conditional Withdrawals
Promoting Employee Loyalty by Andeez Mervin

15. NEXT STEP …
● Contribution enrolment letter by HR dept
● Payroll deduction form by HR dept
● Enrolment Form by individual staff
● Copy of staff’s NRIC
Promoting Employee Loyalty by Andeez Mervin

16. Clients do not come first. Employees
come first. If you take care of your
employees, they will take care of the
clients
Richard Branson
Promoting Employee Loyalty by Andeez Mervin

17. THANK YOU
Your Trusted Adviser
Andeez Mervin
Registered Financial Planner
Adviser (FIMM No.: P-022-0-21631)
Tel No. 016-6673493
Email : andeezmervin@gmail.com
Whatsapp me now
Promoting Employee Loyalty by Andeez Mervin