KUALA LUMPUR, July 5 (Bernama) -- Malaysia Productivity Corporation (MPC) is strengthening the resilience of businesses for their sustainability beyond the COVID-19 pandemic and contributes to national economic recovery. The e-Shared Prosperity Organisation (eSPO) Acknowledgement Certificate initiative is an online platform to encourage SMEs to be acknowledged.
 
PLWS is a flexible and competitive wage system that distribute wealth created according to employer’s and employee’s performance and productivity in order to drive organisation shared prosperity and competitiveness. The implementation of PLWS  was identified under the Shared Prosperity Vision 2030 and Malaysia Productivity Blueprint to increase compensation and build workforce of the future. The PLWS harmonises company policies enhances employees’ motivation and job satisfaction, promotes skills-related specialisations, advances employees’ careers and creates equitable relationships between employers and employees.
 
The eSPO online platform is initiated by MPC for industry players to be self-assessed on their PLWS components and issued acknowledgement certificates to organisations which have implemented PLWS. As of June 2021, more than 2500 companies have been acknowledged as Shared Prosperity Organisation. The sectors covered are manufacturing, services, construction, agriculture and mining and quarrying.
 
SMEs with eSPO acknowledgement certificates are viewed as businesses of choice based on the three components namely bonuses incentives, productivity or performance incentives and skills incentives. MPC Director General, Dato’ Abdul Latif Haji Abu Seman said, “With PLWS, the SMEs, are potential to achieve productivity and profitability gains. Therefore, this would also contribute to wage increases. The benefit from flexibility in their employees’ compensation systems and greater employees’ positivity would leads to employee employer engagements and harmonious industrial relations.”
 
The eSPO acknowledgement application process can be done entirely online at the eSPO website http://www.mpc.gov.my/espo/ by SME unilaterally without any fee charged through answering 20 short questions on eSPO elements. It is automated self-evaluation and self-generated print out of the acknowledgement certificate.
 
The Webinar on PLWS@eSPO for SMEs jointly organised virtually by MPC and the SME Association of Malaysia on 23 June 2021 is the latest initiative taken to create greater awareness of and more participation in PLWS and eSPO amongst the SME business community.
 
The webinar highlighted that shareholders and management leaders of SMEs should view the current COVID-19 pandemic as a timely opportunity for them to introduce PLWS so as to modernise their employees’ remuneration processes in conjunction with operational cost reduction measures such as reducing operation hours, salary reductions and no-pay leave. Work performance incentives managed through PLWS can still be open to employees despite the pandemic so that productivity can be maintained or even improved on such as through multi-tasking and multi-skilling. The Performance Management Distribution Framework which encompasses the three PLWS models namely Productivity Model, Profitability Model and Combine Model is a holistic remuneration system. SMEs should secure employees’ commitments and motivation by regularly engaging them in a transparent manner on the true situation of the company as well as the contingency immediate and mid-and long-term business plans moving forward.
 
Employers will rebuild their production and services capacities and capabilities to meet the demand surge for goods and services. Hiring human resources will be a key component of business revival and expansion. While the eSPO identity distinguishing SMEs as being shared prosperity and caring employers, the acknowledgement will attract the local talents to participate in the labour market and accelerate the national economic recovery.
 
SMEs companies that are interested to understand on how PLWS implementation can email MPC at espo@mpc.gov.my for advisory services. Professional consultancy services can also be arranged. Further details are obtainable from the eSPO website, http://www.mpc.gov.my/espo/.
 
 
About Malaysia Productivity Corporation (MPC)

Malaysia Productivity Corporation (MPC) is a statutory body under the Ministry of International Trade and Industry (MITI). MPC promotes productivity, quality, and competitiveness to the industries and organisations in Malaysia. MPC's vision is to be the leading organisation in productivity enhancement for global competitiveness and innovation.


Released by MALAYSIA PRODUCTIVITY CORPORATION


SOURCE : Malaysia Productivity Corporation (MPC)

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Nik Haneez Amizan Nik Rosdi
Tel : +6019-7181804
Email : nikhaneez@mpc.gov.my

--BERNAMA