After the recent announcement of Malaysia's Budget 2020, Dato’ Noor Farida Mohd Ariffin, Chairman, Human Resources Development Fund (HRDF) has thanked the Federal Government for the budget allocation of RM50 million to the Fund.
"This allocation will empower the Fund to continue its mandate to catalyse the development of a competent local workforce, contributing to the Government’s aspiration to drive growth and equitable outcomes towards shared prosperity," she said.
She has provided details on how HRDF plans to fulfil this mandate. "With an allocated budget of RM30 million for TVET, the Fund aims to reduce the country’s unemployment rate which currently stands at 3.3%."
As such, HRDF will continue to collaborate with the Ministry of Human Resources, industry players and employers to provide TVET training programmes catered to employ 3,000 youths from low-income households.
The targeted B40 youths will be trained in courses with fast employability rate such as escalator and elevator service and maintenance; housekeeping operation; retail operation; commercial driver training and certification programme; and professional certificate in logistics and supply chain operations.
The Fund will also match the Government’s allocation of RM20 million with an additional RM20 million towards upskilling a further 4,000 Malaysians through professional certification examinations related to IR4.0.
These certifications are aligned to the main pillars of IR4.0, such as internet of things; cybersecurity; big data; and cloud computing. For these, the Fund will collaborate with the Malaysia Digital Economy Corporation (MDEC).
Dato' Noor Farida also cited other initiatives such Housewives Enhancement and Reactivate Talent Scheme (HEARTS); the Graduates Enhancement Programme For Employability 2.0 (GENERATE); and the Sistem Latihan Dual Nasional Apprenticeship.
She added: "With the 2020 budget allocation by the Government to the Fund, it will continue its role in supporting the nation’s human capital development towards reducing skills and economic gaps; promote the employability and mobility of Malaysian talent; and encourage job creation and inclusivity for prosperity."
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