Understanding the Role of HRDF in Malaysian Economy
It is a bit difficult for any country to perfectly depend on its resources. The economy tends to be a web that has the basic unit as the individual providing labor. The more skilled individuals involved in an economy, the higher the chance that the economy in question is going to grow. For the two to increase, upskilling as well as reskilling would be necessary. It is due to that reason that any country would wish to have an empowered citizen as a way of not only bettering their lives but also as a strategy to boost the economy. One as a citizen would also need to take advantage of such opportunities with the intention of being above the average per capita income. Even as one makes his or her life better, he or she would be taking part in growing his or her country’s economy. The Malaysian Human Resources Development Fund (HRDF) is one of such models that focus on improving the skills of a people as a way of making they perform better in their respective roles. One would need to take advantage of Human Resources Development Fund (HRDF) as a way of acquiring the required skills to become even better.
For the Malaysian economy to grow, one would need to make sure that he or she also actively take measures to be a growing Malaysian especially on matters to do with skill enhancement. Even as the program aim at catalyzing the economic growth and improving the labor market, one as a citizen has a lot to gain from the organization. The Human Resources Development Fund (HRDF) comes in to make sure that it is part of assisting the citizens in offering quality labor to various enterprises across the nation. More skills to an individual means chances of better pay something one would need to take advantage of and ensure that he or she grabs the opportunity and upgrade his or her skills. The Human Resources Development Fund (HRDF) for example would help one grow his or her skill and hence become even more productive. One as a result would be an active part of the economic web with a pivotal to play even when he or she does so at small scale.
For a business not to lag behind, it would be necessary to make sure that retraining of staff is done. As a result, the organization tend to be beneficial to not only individuals but also to the organizations they work for and consequently to the nation at large. One as an employer or an employee would need to play his or her part in ensuring that the institution he or she works with has the required skills to take the industry in question to higher economic heights.