FINANCIAL SECURITY AMONG WORKING WOMEN IN MALAYSIA

Abstract

The rapidly developing Malaysian economy has led to the increased participation of women in the workforce. According to the Women, Family and Community Development Ministry’s Secretary General Datuk Dr Noorul Ainur Mohd Nur, it is expected that 55% of women will be in the labour force by 2015 (Star, 2013). In addition, the government is planning to implement several programmes that include flexible working hours, being able to work at home and providing childcare centres at workplaces (Star, 2013). The main aim of the 2013 budget provision of RM50 million for women is to get 30% of women in decision-making positions. This thus requires the full participation and support of various stakeholders to make it successful. In addition, better job and economic opportunities in the marketplace will have a positive impact on Malaysia and increased financial security for women.