Is severance pay mandatory in Malaysia?
I have employees who have worked for up to 3 years. How many days of severance pay are they entitled to? Is severance pay mandatory in Malaysia?
According to Employment Act in 2023, Malaysian companies must provide severance pay to all employees, regardless of their job type or salary.
For more information of how to calculate severance pay, you can refer: https://www.ajobthing.com/resources/blog/severance-pay-malaysia-and-how-it-calculates
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