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In recent years, Southeast Asia (SEA) has been gaining the attention of businesses all around the world. Its large population, swift urbanisation and advances in technology have all made it known as a powerhouse for both rapid growth and development. Even with the current economic slowdown in China caused by the COVID-19 Pandemic, the region...

The future of work is something that is coming towards us faster than we think. It has also been further accelerated by the COVID-19 pandemic that had hit us globally. This has vastly affected industries and workforces all over the world at an extremely rapid rate, with unemployment rates skyrocketing and remaining employees needing to...

In the past few decades, the economy in Southeast Asia has been turning heads all over the globe. Foreign direct investments have brought about the growth of multinational companies in the region which in turn, has brought in new ways of managing human capital through various HR policies. As an increasingly diverse business hub which...

In the final addition of AYP Group’s Webinars for 2020, we wanted to come up with a webinar session that anyone from HR Professionals to Managers and Directors could turn to in order to ask their questions and clear their doubts. And with that, the idea for the HR Clinic was born. The HR Clinic...

Economies all over the world have taken a heavy hit due to the COVID-19 Pandemic. This has resulted in many businesses needing to revisit their budget plans and expansion strategies to save as much cost as possible, while also ensuring that their business model is efficient. While this means plans for overseas expansions have slowed,...

A Professional Employer Organisation (PEO) is a great HR solution for many businesses. PEOs act as a co-employer for your employees, and take care of all your HR needs so that you don’t have to worry about them. This includes areas such as employee  benefits, training, compliance, payroll and tax-related issues. Businesses can leverage on...

Small to medium Enterprises (SMEs) may often lack the proper resources or finances to efficiently manage their Human Resources in-house. We have talked extensively about the importance of efficient human resource management and how this can affect employee satisfaction, productivity and turnover rates. As such, many recommend the implementation of a Human Resource Management System...

In a tight economy, retention rates are important as companies compete for talent. As time has gone by, the cost of employee turnover has also become more costly. Apart from the financial cost, there are other effects this will have on the company’s productivity rate and culture. A high retention rate is testimony to how...

If you are considering outsourcing your HR, there are a few things that you have to take note of in order to make the best choice for your company. There are two different types of HR Outsourcing options, the PEO and the EOR.  While they are both HR outsourcing vendors, there are a number of...

Employees Provident Fund (EPF) reduced to 7 percent With reference to the Malaysian Government’s announcement on the 2020 Economic Stimulus Package with regards to the new statutory contribution rate for employees, the Employees Provident Fund (EPF) will be reduced from 11 percent to 7 percent from April 2020 onwards.  Additional clarifications with regards to this reduction are as follows:...

Copyright 2020. AYP Group. All rights reserved.

Copyright 2020. AYP Group. All rights reserved.

Copyright 2020. AYP Group. All rights reserved.