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Employment Insurance System

Making EIS Processing Simple with Sage Payroll

Our Promise to You

At Sage, we firmly believe in giving businesses around the world the information, insight and tools they need to succeed today. In the world of Payroll where change is the only constant, we are committed in ensuring that we keep our products updated with the latest statutory requirements, technology and innovation. Likewise, we aim to equip our customers with information they need to know about Employment Insurance System (EIS) and meet your payroll needs.

What is EIS?

The Employment Insurance System (EIS), also known as Sistem Insurans Pekerjaan, was first implemented in Malaysia on January 2018 as a social safety net to give temporary financial support to employees who lost their jobs. Providing up to 6 months of financial assistance, this scheme is meant to help the retrenched workers get back on their feet during the hard times and job search purpose.

EIS is administered by Social Security Organization (SOCSO) and has taken effect on 1st January 2018 for contribution and interest payments on January 2019. Payment of contribution must not be later than 15th of the following month. The first monthly submission is on 15th February 2018. Failure to comply will result in penalty imposed on employers.

Key Takeaways

Stay EIS compliant with Sage Payroll.

Guidance on EIS registration and payment submission.

Timely and accurate submissions.

Keep Yourself Updated With Sage Payroll

Sage Payroll Product Updates

Upcoming Sage Payroll Updates

Key Sage Activities Pertaining To EIS

Sage is committed in helping you every step of the way to ensure you make a smooth transition in your payroll processing with the implementation of EIS.

 

8th Jan 2018 Sage Payroll version 9.9.4.0 - EIS Enhancement Part 1 (Malaysia & Singapore Modules)
22nd Jan 2018 Sage Payroll version 9.9.4.1 - EIS Contribution Setting, Table Maintenance Setting for EIS Enhancement, EIS 1st Half Payroll Setting Enhancement, EIS Paid by Employer Setting Enhancement & EIS Report Enhancement Part 2.
23rd Jan 2018 Penang Workshop: Understand more about EIS which took effect on 1st Jan 2018 in Malaysia.
24th Jan 2018 Kuala Lumpur Workshop: Understand more about EIS which took effect on 1st Jan 2018 in Malaysia.
25th Jan 2018 Johor Bahru Workshop: Understand more about EIS which took effect on 1st Jan 2018 in Malaysia.
26th Jan 2018 Webinar: Understand more about EIS which took effect on 1st Jan 2018 in Malaysia.
29th Jan 2018 Sage Payroll v9.9.4.2 - EIS enhancement on Bonus, commission, fix commission payslip
8th Feb 2018 Sage Payroll version 9.9.4.3 - EIS Reports, EIS Lampiran 1 Excel, EIS Text File, EIS Report Enhancement Part 3 & CP8 e-Data Prefill Enhancement.
9th Feb 2018 Webinar: Be EIS Ready
13th Feb 2018 Webinar: Be EIS Ready - Registration Closed
15th Feb 2018 Reminder: Deadline for monthly submission

EIS Enablement Resources

We know you want as much information as you can get on EIS, so we’ve pulled together some resources for your review.

Sage Resources

EIS Workshop Presentation Slides (by Sage)

Due to overwhelming response from our past EIS workshop sessions, we have made the presentation materials accessible.

Payment Submission Guide

A step-by-step guide on EIS registration and payment submission.

FAQs

Our support and services teams receive regular questions from customers on EIS and Sage Payroll processing. We’ve pulled all of these into a list of FAQs.

Support

Still need help in processing EIS with Sage Payroll? Fill up this form and we will get back to you within 24 hours.

Employment Insurance Scheme (EIS)