Managing Employee Wages, Leave, VSS, MSS & Retrenchment During the Economic Crisis

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Looking to enhance your HR skills during these challenging economic times? Look no further than our HRDC certified training program on Managing Employee's Wages, Leave, VSS, MSS & Retrenchment. This comprehensive course offered by CMFG Growth Resources in Malaysia will provide you with the essential knowledge and tools to effectively navigate through the complexities of managing employee compensation and benefits during a crisis.

With a focus on practical strategies and best practices, this training program will equip you with the skills needed to make informed decisions and effectively manage employee-related issues in a cost-effective manner. Our experienced trainers will guide you through the latest trends and regulations in HR management, ensuring that you are well-prepared to handle any challenges that may arise. Request a quote today to learn more about how this training program can benefit you and your organization during these uncertain times.
Learning Objectives

1. Understand the legal and ethical responsibilities of managing employee wages, leave, voluntary separation schemes (VSS), mutual separation schemes (MSS), and retrenchment during an economic crisis. This includes knowledge of relevant labor laws, company policies, and best practices to ensure fair and compliant treatment of employees.

2. Develop effective communication and negotiation skills to navigate difficult conversations with employees regarding changes to their wages, leave entitlements, or potential separation from the company. This includes strategies for delivering sensitive information, managing emotions, and addressing employee concerns in a professional and empathetic manner.

3. Implement proactive strategies for managing employee costs during an economic crisis, such as exploring alternative cost-saving measures, identifying opportunities for retraining or redeployment, and establishing clear criteria and processes for implementing VSS, MSS, or retrenchment if necessary. This includes developing contingency plans, conducting risk assessments, and collaborating with relevant stakeholders to minimize the impact on employees and maintain organizational stability.

Content Delivery Method

Physical, Virtual

HRD Corp Certified Course


Duration and Language

1 to 2 days; English

Target Audience

Suitable for employees at all levels

Key Skillset Addressed

1. Payroll management
2. Employee relations
3. Crisis communication