HRDF training is the solution Malaysian businesses need today and in the foreseeable future. Long-term planning for business has become a challenge for businesses today, and for four major reasons — volatility, uncertainty, complexity, and even ambiguity.
Furthermore, any business that fails to innovate is doomed to fail. As a matter of fact, it can reliably count on this outcome. Therefore, any business that wants to keep moving forward, or even retain its position, must keep on improving on what it already has.
First, HRDF is a body that puts resources towards improving the skills and capacity in all sectors, with a special focus on SMEs (Small and Medium-Sized Enterprises).
The organization offers funding, skills enhancement training, evaluations, promotional and even educational programs. The institution collaborates with the government to promote various initiatives within Malaysia.
Some of its initiatives include the following:
– Improving economic growth by improving efficiency in the labor market
– Making changes to educational programs to achieve industry standards
– Reinforcing lifelong learning in order to enhance skills
– Making improvements to the education system
Now, HRDF training is intends to ensure the creation and the growth of local human capital. Through the provision of efficient and advanced training certification programs, the organization will be able to achieve it. The organization is also concerned with ensuring lifelong learning, which will ensure enhanced skills.
Industrial Revolution 4.0 (IR4) is on the way. When it comes, industries will have full automation and zero dependency on hard labor. Therefore, more skilled labor is needed in Malaysia, and HRDF is helping grow this figure to 35% by 2020 from the current figure of 28%. The focus will be mainly on small and medium-sized organizations, where modern labor force issues have given way to issues that dominated the labor force in the past.
All sectors, private and public, must collaborate and realize that the development of skills is a valuable and sustainable way to adapt to a changing economy and keep it moving forward. Thus, coming together will also enhance leadership.
The HRDF will help address any shortcomings in leadership such as ensuring that there are right certification programs for various industries. The organization will help resolve these challenges through partial or full funding of training and learning programs. As a result, this will enhance productivity and enhance skill acquisition for better quality leadership in the future.
Currently, HRDF has four strategic initiatives that will ensure Malaysia has 35% skilled workforce by the year 2020. The initiatives will help address things like dependency on foreign labor and unemployment.
Through 30% of the HRDF Pool Fund, it will finance the Malaysians workforce. However, government allocation and private partnerships will also help.
HRDF training is critical to the future of Malaysian economic development. Through the provision of futuristic training programs, it ensures that the country heads in the right direction. These programs will keep the labor force and the businesses in the country in the game even in the face of monumental global changes.