The Impact of Minimum Wage Policy on Small Medium Enterprises� Productivity in the Manufacturing Sector

Ung Leng Yean ()
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Ung Leng Yean: Faculty of Accountancy and Management, UTAR, Malaysia Author-2-Name: Tee Peck Ling Author-2-Workplace-Name: Faculty of Accountancy and Management, UTAR, Malaysia Author-3-Name: Chung Chay Yoke Author-3-Workplace-Name: Faculty of Accountancy and Management, UTAR, Malaysia Author-4-Name: Jayamalathi Jayabalan Author-4-Workplace-Name: Faculty of Accountancy and Management, UTAR, Malaysia Author-5-Name: Pok Wei Fong Author-5-Workplace-Name: Faculty of Accountancy and Management, UTAR, Malaysia Author-6-Name: Shamini Kandasamy Author-6-Workplace-Name: Faculty of Accountancy and Management, UTAR, Malaysia

GATR Journals from Global Academy of Training and Research (GATR) Enterprise

Abstract: "Objective � This study�s aim is to identifies the minimum wage policy implementation and its impact on SMEs in Malaysia. It addresses the question of the level of SME�s awareness and their readiness towards the implementation of the policy and improving productivity. Methodology/Technique � Data were collected through questionnaire distribution and literature study. Analysis was conducted via a descriptive method. Findings � The solutions identified in addressing the problem include the need to increase labour productivity, lower operational costs and change organizational methods. Novelty � The discussions of this paper provide an in-depth understanding of the issues related to how the policy affects company�s competitive advantage and financial performance."

Keywords: Minimum Wage Policy; Malaysia; SMEs, Manufacturing Sectors; Productivity. (search for similar items in EconPapers)
JEL-codes: E24 L60 (search for similar items in EconPapers)
Pages: 6
Date: 2016-12-24
New Economics Papers: this item is included in nep-eff, nep-mac and nep-sea
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Published in Journal of Business and Economics Review, Volume 1, Issue 1

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