Flexible work arrangements (FWA) are no longer a novelty, but a necessity for employers in this post-pandemic era. With more and more potential employees seeking better work-life balance in their careers, companies need to consider implementing FWA to attract the right talent.
With the Employment Act 1955 (Amendment) 2022 expected to come into force on 1 January 2023, it includes new provisions for FWA whereby:
- to increase employee productivity and promote work-life balance, as well as reduce employer’s operating costs; and
- embracing the new norm especially during the dynamic transition to an endemic phase.
With that in mind, Talent Corporation Malaysia (TalentCorp) today launched the FWA@Workplace initiative, which aims to aid employers who want to learn about FWA and how to implement it in their companies. Under this initiative, TalentCorp will assist employers towards an effective and sustainable FWA integration strategy in their companies, including providing comprehensive advisory services to implement Work-Life Practices.
“The FWA@Workplace is a timely initiative that is in line with the Malaysian government’s efforts to encourage the adoption of FWA, in order to keep pace with changing workplace and workforce trends,” said Thomas Mathew, Group Chief Executive Officer of TalentCorp.
“TalentCorp has been at the forefront of the Diversity and Inclusion agenda at work since 2013, ensuring that the development of workplace well-being is prioritised as a key contributor to sustained socio-economic development,” he added.
As an added benefit, companies that successfully implement FWA will be eligible for the Flexible Work Arrangements (FWA) Income Tax Deduction, facilitated by TalentCorp.
Here is an example of the types of FWA that fall under the initiative:
- Flexi-Working Hours: Employees are afforded the flexibility of choosing their own working hours, as long as it adds up to the mandatory working hours.
- Work From Home: A telecommuting arrangement that enables employees to work remotely.
- Compressed Work Week: Allows employees to get time off every week without reducing the mandatory working hours.
The FWA@Workplace initiative runs from now till 31 December 2022 and is open to all companies in Malaysia for FREE.
