MyWave Sdn Bhd (MyWave), a specialist human resource (HR) solutions company that is partially owned by Malaysia Venture Capital Management Bhd (MAVCAP) announced that its cloud-based Human Resource Management (HRM) solution, EmpIX can help to alleviate the challenges faced by HR managers due to Covid-19.
Khoo Siew Ling, CEO of MyWave Sdn Bhd said, “These are unprecedented times for those handling HR. Now and more than ever, they need to rely on technology to ensure smooth HR management. With the Movement Control Order (MCO) now enforced in Malaysia, HR managers play an important role and one of the immediate challenges they face is in the areas of managing employees’ attendance and payroll.”
HR managers need to find ways to remotely fulfil their responsibilities since most business premises being ordered to close during this period, without being able to access the usual systems and documentation in the office. This include tracking attendance of staff working from home, handling unpaid or sick leave of impacted staff, and processing payroll and claims.
With MyWave’s cloud-based HRM solution, HR managers can access all the data they need anytime and anywhere, with minimal interaction and data entry required. By using EmpIX’ mobile attendance system, employee attendance tracking can be done, and staff can submit claims from home by uploading photograph of receipts into the system.
Khoo stressed that as the coming months are still shrouded with uncertainty and there may be changes in the treatment of income tax and Employee’s Provident Fund (EPF), HR managers will need easy-to-use technology solutions to enable them to quickly comply to the new guidelines and rulings. For those in the manufacturing, food and beverage, and logistic industries where manpower are mainly on shifts, digitisation of HR is crucial for business survival and can help businesses save as much as 60 percent processing time.
“Our outsourcing services can also aid companies in applying for the RM600 unpaid leave allowance announced by the government as well as in handling the issues of staff retrenchment and pay deduction. Additionally, SMEs which are shorthanded, or if they do not have a dedicated person to handle HR, can consider outsourcing their payroll function to us”, said Khoo.
MyWave is one of the HR Payroll technology solution providers listed in the SME Business Digitization Grant launched by Malaysia Digital Economy Corporation (MDEC) recently where the government will provide a 50 percent matching grant of up to RM5,000 per company for SMEs applying to upgrade their systems.