Budget 2020: RM500 wage incentive for graduates who secure work

  • Nation
  • Friday, 11 Oct 2019

PETALING JAYA: Graduates who secure a job after being unemployed for more than a year will receive a wage incentive of RM500 per month under Budget 2020.

Finance Minister Lim Guan Eng said under the Graduates@Work programme, graduates who secure work would receive a wage incentive of RM500 per month for a duration of two years.

"Employers will receive a hiring incentive up to RM300 per month for each new hire for two years," he said when tabling the Budget 2020 in Parliament on Friday (Oct 11).

Lim noted that there were more than half a million unemployed Malaysians in 2018, of whom 140,000 were unemployed graduates.

Out of those unemployed, Lim said 290,000 were youths including those until 24 years old.

Lim said the programme was designed specifically for the hiring of graduates who had been unemployed for more than a year.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

What do you think of this article?

It is insightful
Not in my interest

Across The Star Online

Life Inspired has a chic new look

2020 is all about change, and Life Inspired did just that with a fresh makeover!

This month, we speak to 3 female icons about empowerment and more - read it for FREE this week.