Don't waste your HRD Corp levy!
Are you an HR manager or Malaysian business owner trying to improve your firm’s performance by upskilling your staff? To assist you reach these objectives, the Human Resources Development Fund (HRDCorp) funds and provides a selection of training courses.
What’s HRDCorp Levy?
Employers make a required payment to a fund supporting several projects meant to improve the skills and output of Malaysian employees: the HRDCorp Levy. Effective use of this levy allows companies to access a variety of training courses to grow the competency of their staff members.
Why should HRDCorp Training be valued?
For many different reasons, HRDCorp training is vital.
Improved employee skills might result in higher production and creativity using reskilling and upgrading your team.
Utilising staff development may raise job satisfaction and morale.
A competent team will enable your company to keep ahead of its rivals.
HRDCorp grants and subsidies help to greatly down the cost of training initiatives.
What changes in HRDCorp Training for 2025?
HRDCorp is always developing to fit the shifting demands of Malaysian companies.
Several important developments are likely to show up in 2025:
- Customised learning refers to tailored training courses meant to satisfy the demands of individual students.
- Engaging in training events modelled by real-world situations constitutes immersive learning.
- Microlearning is short, concentrated instruction broken out into bite-sized portions.
- Growth Academy: An avenue for ongoing education and improvement.
- Employee mental health and well-being should get more attention.
- Hiring based on competencies and skills instead of conventional qualifications
- Using artificial intelligence to improve the efficacy of training initiatives is AI in Training.
- Encouragement of peer-to-peer learning and knowledge exchange under cooperative learning
Available Training Programmes: Various Forms
- Technical and vocational training programs provided by HRDCorp help to build certain skills and competencies.
- Programs aiming at enhancing interpersonal, communication, and leadership abilities provide soft skills training.
- Programs aiming at honing managers’ and supervisors’ abilities in management and supervision
- Programs aiming at helping small businesses and entrepreneurs constitute entrepreneurship training.
Eligible for HRDCorp Training?
HRDCorp training is open to all Malaysian companies and staff members. Still, particular qualifying requirements might apply to some funds and initiatives.
Applications for HRDCorp Training Grants
Usually applying for HRD Corp training funding requires:
- Determine your training requirements. Find out the particular knowledge and skill shortages in your staff.
- Choose a registered trainer. Select a supplier listed with HRD Corp.
- File Your Application: Finish the HRD Corp application form and send it together with the necessary paperwork.
- Benefits of HRD Corp Training HRD Corp training provides both companies and staff members several advantages, including:
- Improved Productivity and Efficiency: A qualified workforce can result from higher degrees of both.
- Investing in staff development helps to raise retention rates through reduced turnover.
- Improved creativity and innovation are the results of a qualified workforce.
- Enhanced client satisfaction comes from a team with proper training.
- Monetary Support and Incentives
To help efforts for training and development, HRD Corp provides many financial support programs including:
- Employers can cover the cost of training initiatives using their levy credits.
- HRD Corp. could give grants to help with some of the training expenses.
- Employers can seek for interest-free loans to support initiatives for training.
Notable Update 15% Levy Deduction
Please be advised that the HRDCorp levy has just changed. There now is a 15% deduction and a grace period in place. Maintaining current on the most recent rules and regulations is quite essential for guarantees of compliance.
Why Choose Hartamas Academy?
Get in touch with Hartamas Academy now to learn more about our HRDCorp claimable programs and begin optimising your levies! Hartamas Academy offers HRDCorp claimable courses delivered by industry experts to upskill your staff and grow your business. Contact us now to optimise your levies and start training!