HRDF deal to boost income target
July 12, 2017 | National News
KUALA LUMPUR: About 2.8 million Malaysians will be eligible for up-skill and re-skill training by 2020.
This comes with the signing of a Memorandum of Understanding (MoU) between the Human Resources Development Fund (HRDF), an organisation under the Human Resources Ministry, and six employers associations.
The MoU will encourage more companies to register with the HRDF for training and help Malaysia reach its target to become a high-income nation.
Currently, two million employees are eligible for training under HRDF as there are only 19,122 employers across three major economic sectors such as manufacturing, service, and mining and quarrying that are registered with it.
The number is expected to rise to about 800,000 more over the next three years with the recent amendments made to the HRDF Act 2001.
The amendments, which came into effect in April, have streamlined the eligibility criteria for employers within those sectors that employ a minimum of 10 local employees.
It also encourages companies in those sectors with fewer employees to voluntarily register with HRDF.
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