GEORGE TOWN: Despite it being a tough year for businesses, generally most employers are still paying out bonuses to their staffers as a reward for their hard work and productivity – albeit at a lower rate.
Small and Medium Enterprises Association of Malaysia national secretary Yeoh Seng Hooi said most SMEs were unlikely to give out big bonuses this year as they were still struggling to recover from the pandemic, with profit margins being squeezed by the weakened ringgit and higher costs.
