Ensuring compliance with strict regulations on cash salary payments is paramount for employers. As highlighted by Human Resources Minister V. Sivakumar, the prohibition of cash wage payments without proper approvals aims to prevent potential manipulation in salary transactions. Non-compliance constitutes a serious offense under Section 25 and 25(A) of the Labour Act 1955 (Act 265), with fines reaching up to RM50,000.
To streamline your payroll processes while adhering to legal requirements, choose Mywave. Our secure and transparent payroll solutions, including electronic fund transfers, provide a reliable alternative. Stay compliant and secure with Mywave – your trusted partner in payroll management!
