|Currency||Payroll Frequency||Employer Taxes|
|Malaysian Ringgit (MYR)||Monthly||Approximately, 14% – 15% of employee salary|
Malaysia is the world’s 37th-largest economy and is a major player in Southeast Asia. As of 2021, the country’s gross domestic product (GDP) was estimated to be around $345 billion, and it is projected to continue growing at a steady pace.
One key factor driving Malaysia’s economic growth is its diverse and export-oriented economy. The country has a range of industries, including manufacturing, agriculture, and services, and it is a major exporter of a variety of goods and services.
Malaysia is particularly known for its strong electronics and electrical sector, and it is a major exporter of these products.
How can PEO solutions help?
Imagine the ability to hire across country boundaries at scale and without having to worry about the legal and employee administration process of your employee. That’s how PEO solutions work.
By providing total workforce management solutions, AYP Group is able to help you manage payroll, distribute competitive employee benefits packages, and ensure that your business is compliant with the relevant local legislation wherever your employees are based.
How much would PEO Solutions cost?
The range of solution providers of PEO solutions can range from USD300 per employee to USD650 per employee. View AYP Group’s transparent list of solutions for your worker types here.
Find out about AYP’s total workforce management solution today!
Learn more about AYP Global Pay, Asia Pacific’s smartest People and Payroll Management System.
Contact our HR specialists to learn more.