ENTREPRENEURSHIP
Hiring employees is an important step when a business begins to grow and requires additional manpower to support its operations. For new entrepreneurs, the decision to hire employees should be made carefully, as it involves financial commitments, human resource management, and legal responsibilities as an employer. Before advertising a job vacancy, employers are advised to determine their recruitment needs, including: Job title Number of employees required Job scope and responsibilities Required academic qualifications, skills, and experience Work location and working hours Type of employment, such as permanent, contract, or part-time Salary range offered Employment start date and recruitment period Clear information helps candidates understand the position and facilitates the process of matching suitable job seekers with available opportunities. Entrepreneurs looking to recruit and hire employees can advertise job vacancies and manage applications through MYFutureJobs. This recruitment service is provided free of charge. Benefits of Using the MYFutureJobs Platform Advertise job opportunities Access local job seekers Access employment services provided by the Social Security Organisation (PERKESO)
If you start hiring employees, you are required to register as an employer with the Employees Provident Fund (EPF). You must register as an employer within seven (7) days from the date you hire your first employee. You must also ensure that both employer and employee contributions are made according to the prescribed rates and deadlines. Contribution Rates Contribution rates are subject to the Third Schedule of the Employees Provident Fund Act 1991. Contribution Payment Deadline Contributions must be paid on or before the 15th day of the following month. For example, contributions for wages paid in January must be settled on or before 15 February. Payments made after the deadline may be subject to late payment charges. As an employer, you should also understand which types of wage payments are subject to EPF contributions and which are exempt. Managing EPF Matters Through i-Akaun (Employer) Once registered as an employer, you can use i-Akaun (Employer) to manage various EPF matters online. Some of the services available through i-Akaun (Employer) include: Registering employees as EPF members Managing employee and payroll information Preparing and submitting contribution details Making EPF contribution payments Reviewing contribution records and payment history
As an employer, you are responsible for ensuring that eligible employees receive social security protection through the Social Security Organisation (PERKESO). Key responsibilities you should be aware of as an employer include: Registering as an Employer with PERKESO Employers with at least one employee are required to register with PERKESO and ensure that their business information is complete and up to date. Registering and Updating Employee Information Every employee who is eligible for PERKESO coverage must be registered for contribution purposes. If an employee leaves the company, their employment information must also be updated through the ASSIST Portal. Making Monthly Contributions Employers are required to pay monthly contributions no later than the 15th day of the following month to avoid late payment charges. Example: Contributions for August 2026 must be paid by 15 September 2026. Reporting Work-Related Accidents If an employee experiences a work-related accident, the employer must report the incident to PERKESO within the stipulated period and provide the relevant supporting documents. Maintaining Employee and Contribution Records Records relating to employee information, salaries, contributions, and workplace accidents must be maintained for compliance and verification purposes. For further details or information regarding employer responsibilities: