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Are You Looking for Financial Advisor? [ May 7th, 2012 ] | 279 views | Leave a Comment

Looking for a good financial advisor can be very difficult. If you are interested to find a financial advisor to help you in financial planning, it’s advisable to look for a well-known financial services firm.

financial_advisor

With the increasing customer demand, there are a lot of firms offering financial advisor jobs to those who are professional and entrepreneur these days. Apparently, they are not only offers a professional career path, but also provide an entrepreneurial opportunity.

If you have good financial planning then it will allow you to earn well above the average. Needless to say, financial advisor service is one of the fastest growing services sectors which offering the most attractive compensation if compared to other jobs. The reason is it can provides a wide array of opportunities, including wealth management, risk management, investment planning, retirement planning, and many other finance related services.

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Malaysia’s Labor Law: Retrenchment

It’s good to know your rights especially when you are being retrenched. As an employee, you should know about the lay off benefits and how much employer should pay you back.

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Under the Malaysia Labor Law: Employee Act 1055 or Industrial Relation Act 1967, this is the minimum amount of money the employer should pay the employee if they decide to retrench. If you have been working for a company:

*Between 1 to 2 years, you should get minimum of 10 days salary for each year of your employment under a continuous contract of service with the employer.

*Between 2 to 5 years, you should get minimum of 15 days salary for each year of your your employment under a continuous contract of service with the employer.

*Above 5 years, you should get minimum of 20 days salary for each year of your your employment under a continuous contract of service with the employer.

How about if you work for 1.5 years, 2.2 years, 2.5 years, 3.4 year? Let say, if you work for 1.5 years, then the retrenchment compensation will be calculated like this:

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January 14th, 2010 | Posted in » Economic Analysis, Finance Tips | 3 Comments | 11,091 views