Incentives - Initiatives | TalentCorp Malaysia

Initiatives

Incentives

For Employers Who Contribute to Talent Development

Facilitating employers who actively contribute to the development of talent.

We are dedicated to helping employers play an integral part in expanding the talent pool of the country. Hence, we have introduced several incentives and partnership programmes to facilitate you, as an employer, in contributing to the development of talent. Learn more about our incentives and partnership programmes below.

NATIONAL STRUCTURED INTERNSHIP PROGRAMME (mysip)

For providing quality internships

The National Structured Internship Programme (MySIP) is developed to encourage companies to provide meaningful practical learning experience through approved structured internships module for students.

As an employer who hires Malaysian full-time student from local IPTA or IPTS including higher learning institutions abroad and TVET institutions to undergo a structured internship programme endorsed by us, you will be eligible for double tax deduction incentive for related expenses incurred on the interns throughout the programme.

To qualify for the MySIP incentive, your organisation must fulfil the following criteria:

Provide a minimum internship period of ten (10) weeks
Pay a minimum monthly allowance of RM600 for master’s degree, bachelor’s degree, SKM5 and Professional Certificate or equivalent
Pay a minimum monthly allowance of RM500 for diploma/Malaysian Skills Certificate (SKM) Level 1 to Level 4 or equivalent
Provide an internship framework that includes practical experience and emphasizes on the development of specific knowledge or skills for students and approved by TalentCorp
Registered with the Companies Commission of Malaysia (SSM)
Complete your MySIP registration at www.mynext.my

For more information on the MySIP or to get in touch with the team, you can write to: sip@talentcorp.com.my

FLEXIBLE WORK ARRANGEMENTS (FWA)

INCOME TAX DEDUCTION

Companies that are eligible for the Income Tax Deduction Cost of Implementation of Flexible Work Arrangements (FWA) may claim this tax deduction twice up to a maximum amount of RM500,000 for each year, up to three (3) consecutive years of assessment starting from the date of implementation approval obtained from TalentCorp. Applications is for expenses incurred within the period of 1 July 2020 to 31 December 2022.

For more information, kindly refer to the Guidelines and its relevant forms below.

a. FWA Income Tax Deduction Guidelines
(Versi Bahasa Malaysia / English Version)

b. FWA Income Tax Deduction Application Form
(Versi Bahasa Malaysia / English Version)

c. FWA Income Tax Deduction Declaration Form
(Versi Bahasa Malaysia / English Version)

d. FWA Income Tax Deduction FAQ
(Versi Bahasa Malaysia / English Version)

Applications should be submitted to flexworklife@talentcorp.com.my. For assistance, kindly contact the team at flexworklife@talentcorp.com.my.

CAREER COMEBACK WORKSHOPS

For supporting women to return to the workforce

We partner with employers who wish to ease the journey of women looking to make their career comeback by upskilling/reskilling them in the areas of soft skills, technical skills and industry knowledge.

This partnership entails the following:

Event: Organise a half-day/full-day workshop which may include an upskilling session, a talk on industry trends, and familiarising women with the workplace
Database: Leverage on our Career Comeback database of women looking to return to the workforce
Branding: Company’s branding prominently displayed for all promotional purposes, along with relevant promotional efforts on TalentCorp’s social media platforms.

To participate, contact the team at careercomeback@talentcorp.com.my

facts & figures

4,121

approvals since 2011

*accurate up to December 2016

MOSTLY

returned from Singapore, China, UK, Australia, USA

The Harvard Business School

will be using REP as a case study for the Master students in Macro-Economics this Fall 2017

KEY BENEFITS

Expand your talent pipeline

Diversify your organisation’s workforce

Motivate your employees and raise their morale

Enhance your organisation’s profile among your employees

THIS INITIATIVE IS FOR:

Employers

Need more information? Contact us.

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Frequently Asked Questions

What is the applicatioWhat is the Returning Expert Programme?n process like?

The Returning Expert Programme (REP) is a programme introduced to facilitate the return of Malaysian professionals to meet the talent needs, especially in the context of the Economic Transformation Programme (ETP).

How much does it cost to apply?

Currently, there is no fee on the application for the REP.

I don’t have a job in Malaysia.

We can also connect you with leading employers in Malaysia to help you discover new career opportunities. Drop us an e-mail at globalmalaysians@talentcorp.com.my