PETALING JAYA, Feb 3 (Bernama) — Malaysia Productivity Corporation (MPC) is looking to introduce a wage system based on mutual wealth sharing between employers and employees. The wage system is expected to boost productivity and is regarded as the long-term solution to fair wages and higher compensation of employees (CE).
Higher CE is critical towards elevating Malaysians’ living standards. The Twelfth Malaysia Plan (12MP) has identified a low share of CE as a challenge for Malaysia to gain high-income nation status.
