What Is Wages Subsidy Programme (WSP)?
The purpose of the wage subsidy programme is to help employers affected economically by Covid-19 to continue operations and avoid the loss of jobs and income streams for all enterprises.
what is Wage Subsidy Programme (wSP)?
In efforts to ease the financial burdens of SMEs, and to assure that two-thirds of the work force will remain employed, Prime Minister Tan Sri Muhyiddin Yassin has announced a Wage Subsidy Programme (WSP).
Starting from April 9 2020, employers of Small and medium Enterprises(SMEs) can submit their applications for the wage subsidy scheme that was launched by Perkeso (SOCSO).
Financial Assistance Rate
|Financial Assistance||Company Size||Employee Limit|
|RM 1200 monthly per employee||75 employees and above||75 employees|
|RM 800 monthly per employee||76 - 200 employees||200 employees|
|RM 600 monthly per employee||201 employees and above||200 employees|
Step To Claim Wage Subsidy Programme (WSP)
Click here to download the format & fill in manually or, generate it from SQL Payroll directly.
Print directly from SQL Payroll, sign & upload.
Click here to download the format & fill in manually.
Sample of Employee List
|No Tuntutan Ke (1,2,3)||1 = 1st Time Apply, 2 = 2nd Time Apply|
|Name Pekerja||Employee Name|
|No. Kad Pengenalan||Identification Number (I.C No)|
|No. Telefon||Contact Number|
|Email Pekerja||Employee email address|
|Gaji Semasa (RM)||Current Salary (Include OT, Commission, Bonus, Gross Salary)|
Click here to download the file. Then fill in your company letterhead, business registration number, your name , your phone number, your email address.
Sample of Bank ID/ MyCOID form
FAQ regarding wage Subsidy Programme
Employers can claim the subsidy from SOCSO given that they have paid their employees their full salary. Employers must still contribute monthly for their employees’ SOCSO and EIS payments based in the employee’s actual salary amount
Employers whose application for ERP has been approved can also apply for the wage subsidy programme if their companies meet the wage subsidy guidelines.
But employers cannot apply for ERP and wage subsidy for the same employee for the same month.
Yes, employers still need to pay their employees full salary.
No. This is not allowed based on the eligibility requirement given for Wage Subsidy Programme (WSP).