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