Kuala lumpur: The Social Security Organisation (PERKESO) is planning to exempt small and medium enterprises (SMEs) from the mandatory job vacancy reporting requirement following recent amendments to the Employment Insurance System (SIP) Act. The announcement was made by Human Resources Minister Steven Sim, who highlighted that the exemption is subject to consultations with stakeholders. PERKESO is actively collaborating with both employers and employees to finalize the specifics of this exemption.

According to BERNAMA News Agency, Minister Sim stressed that the amended provisions would not be enforced immediately. Instead, a two-year moratorium will be in place, during which no penalties will be imposed on employers for failing to report job vacancies. This period aims to ensure that stakeholders are well-acquainted with the new system before enforcement begins.

Sim elaborated on the objectives of the updated system, stating that it is designed to provide Malaysians with access to current job opportunities, help companies match their vacancies with the appropriate talent, and accumulate accurate labor market data to aid in policy-making. He assured that the reporting process is streamlined, being both online and automated, and that the moratorium will serve as a time to guide stakeholders in familiarizing themselves with the system and identifying areas for improvement.

Further enhancements to the SIP Act were also highlighted, including increased unemployment allowances, a skills training subsidy, and a mobility allowance for individuals who have lost their jobs. The Dewan Rakyat passed the SIP (Amendment) Bill 2025 on Tuesday, with the goal of improving benefits for PERKESO contributors facing unemployment and strengthening the governance of the insurance scheme's implementation.