SUNGAI BULOH: The Salaries and Wages Report by the Statistics Department will be released on a quarterly basis starting next month, instead of annually, to address labour market issues.
This move would allow employees to be more aware of labour market demands and to avoid underemployment, said Economy Minister Rafizi Ramli.He said that this would also help the focus on matters related to salary, be a good benchmark to encourage a more open labour market, and provide enough information to build a comprehensive data infrastructure.
“We are confident that the data infrastructure will be ready, and then we can talk about benchmarking,” he said after launching the Belanjawanku Guide and Mobile Application at the Employees Provident Fund headquarters here yesterday.ALSO READ:“This move will help society and the economy as a whole as the labour market will be more free and open.
“However, of course, we can’t leave it to the market alone. The government will be involved in terms of policies, incentives and frameworks.“There must be a pathway, and with the compiled data, it will allow the labour market to be more dynamic and agile,” he said. “The data is already available. However, I will need to present it to the Cabinet first and wait for the chief statistician to return from haj as well,” Rafizi said.
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