Employees laud scheme

KUALA LUMPUR: News that the Employment Insurance Scheme (EIS) will be enforced next year has been greeted with joy and relief by employees.

Saying that the new scheme could not have come at a better time, employees said it would help those who lose their jobs as they would receive financial aid.

Sazalee Munir Ahmad 45, from Kelana Jaya said the scheme was good, especially in an uncertain job market where job security was in doubt.

“The EIS will protect workers when they lose their jobs. It can cushion the blow if we were ever retrenched and help us sustain ourselves while we search for a new job,” he said.

Graphic designer Aini Ibrahim, 30, from Cheras said she was happy the scheme but hoped the contribution rate would not be too high.”

Professor Emeritus Dr Barjoyai Bardai of University Tun Abdul Razak’s graduate school of business, said the most valuable aspect of EIS was its unemployed group retraining and grooming programme.

“A substantial part of the fund should be allocated to develop a system of ‘human capital development’ to ensure that employees are always relevant and serve as a protection against recession.”