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

Author

Listed:
  • 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)

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."

Suggested Citation

  • Ung Leng Yean, 2016. "The Impact of Minimum Wage Policy on Small Medium Enterprises� Productivity in the Manufacturing Sector," GATR Journals jber120, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:jber120
    as

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    References listed on IDEAS

    as
    1. Catherine Fuss & Ladislav Wintr, 2012. "Rigid Wages and Flexible Employment ?Contrasting Responses to Firm-Level and Sector-Level Productivity Developments," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 55(3), pages 241-268.
    2. Bernd J. Frick & Ute Goetzen & Robert Simmons, 2013. "The Hidden Costs of High-Performance Work Practices: Evidence from a Large German Steel Company," ILR Review, Cornell University, ILR School, vol. 66(1), pages 198-224, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Minimum Wage Policy; Malaysia; SMEs; Manufacturing Sectors; Productivity.;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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