The main differences between ERP and WSP are as below:
1️⃣Employee Retention Programme
✔️For employee who agrees to take up to 6 months (min. 30 days) unpaid leave, starting from 1 March 2020.
✔️Financial assistance of RM600 per month paid to employee, who earns a salary of RM4,000 and below, for a maximum period of 6 months (unpaid leave period).
2️⃣Wage Subsidy Programme
✔️For employer who must ensure no retrenchment / wages reduction / unpaid leave and also retain his/her employee for at least 6 months (3 months during the employer receives the subsidies and 3 months thereafter).
✔️Subsidy of up to RM1,200 per month paid to employer for each employee earning a salary of RM4,000 and below for a period of 3 months, subject to other terms and conditions.
⚠️👉The interpretation of Wage or Salary as per the Employment Insurance System Act 2017, it includes overtime payment, but excludes travel allowance, bonus and special expenses incurred.
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