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Feb 12, 2021 · This chapter presents an overview of the landscape of HCD in Malaysia. Relevant reports, plans, policies, and strategies to strengthen human capital through education and training is reviewed. Finally, a few issues and challenges that Malaysia experiences are discussed.
MALAYSIA faces a dual challenge – a rapidly ageing population and the need for dynamic human capital development. The recent Budget 2024 announcement reflected the government’s priority on developing new talent that are highly skilled and adaptable to a rapidly evolving world.
Key achievements include the creation of 1.8 million new jobs that contributed to a decline in the unemployment rate from 3.3% in 2010 to 2.9% in 2015, which is considered full employment. The Government also implemented a minimum wage that is estimated to benefit 1.9 million wage earners.
The newly released 2021/2022 Human Development Report shows that the country has maintained its position, at number 62 out of 191 countries and territories with a Human Development Index (HDI) score that is high enough to put it in the ‘Very High Human Development’ category of countries.
Mar 15, 2019 · The World Bank’s new Human Capital Index is a cross-country metric designed to forecast a country’s human capital by tracking the trajectory, from birth to adulthood, of a child born today. In the latest edition of the Malaysia Economic Monitor, we investigate how Malaysia fared using this method.
HRD Corp QUICK BITE REPORT. INDUSTRY TRAINING PARTICIPATION (ITP) REPORT. Our vision to drive the economic transformation of Malaysia through the country’s most valued asset – its people – defines our purpose at work, every single day.
Sep 21, 2022 · Malaysia’s human capital development (HCD) plans should be taken more seriously, and it should improve the health and education of its citizens to become a developed country—a vision of 2020 that is considered a failure.
