Malaysia’s National HR Policy Framework: A New Dawn for Workforce Development

0
This comprehensive strategy, unveiled by Prime Minister Anwar Ibrahim on May 1, 2024, is set to revolutionize the Malaysian workforce by addressing critical issues such as wage compensation, employment equity, and the impact of artificial intelligence on the job market.
Malaysia’s National HR Policy Framework: A New Dawn for Workforce Development

In an era where technological advancements and globalization are reshaping the world of work, Malaysia has taken a significant leap forward with the launch of its National Human Resources Policy Framework.

 

This comprehensive strategy, unveiled by Prime Minister Anwar Ibrahim on May 1, 2024, is set to revolutionize the Malaysian workforce by addressing critical issues such as wage compensation, employment equity, and the impact of artificial intelligence on the job market.

 

A Vision for the Future

The framework, which outlines the government’s vision for the period 2024 – 2030, is structured around three core areas, 11 strategies, 48 initiatives, five change drivers, and two policy catalysts. It aims to guide the development of a robust National HR Policy that will align with the 13th Malaysia Plan, setting a new standard for human resource management in the country.

 

Key Issues and Strategies

The Ministry of Human Resources (MOHR) has identified several key issues that the framework seeks to address:

  • Wage Compensation: Ensuring fair and equitable remuneration for all workers.
  • Social Security Protection: Expanding coverage to provide more comprehensive protection.
  • Skills Training: Addressing the skills gap through targeted training initiatives.
  • Employment Equity: Promoting equal opportunities for all segments of society.
  • Vulnerable Groups: supporting the workforce participation of women, the elderly, and the disabled.
  • Employment Mismatch: Bridging the gap between available jobs and suitable candidates.
  • Trade Union Movements: Strengthening the role and influence of trade unions.
  • Gig Sector Workers: Addressing the Unique Challenges Faced by gig Economy Participants.
  • Technological Impact: Preparing the workforce for the changes brought about by AI and other emerging technologies.

 

Stakeholder Engagement and Public Feedback

The development of the framework was a collaborative effort, incorporating feedback from relevant stakeholders and the public. This inclusive approach ensures that the policy will be well-rounded and reflective of the diverse needs of Malaysia’s workforce.

 

Investment in Skills Training

Minister for Human Resources Steven Sim has emphasized the government’s commitment to workforce development, with a substantial investment of RM2.56 billion earmarked for skills training initiatives. These funds will support training in areas such as AI, robotics, green economy skills, and 5G technology, with the goal of achieving a 35% skilled workforce by 2030.

 

Supporting Decent Work and Sustainable Development

The policy is also designed to support the concept of decent work under the International Labour Organisation (ILO) Convention and the Sustainable Development Agenda. By fostering a work environment that is fair, equitable, and sustainable, Malaysia is positioning itself as a leader in human resource development.

 

Conclusion

The National HR Policy Framework represents a bold step towards addressing the evolving challenges of the modern workforce. With its comprehensive strategies and forward-thinking initiatives, Malaysia is paving the way for a future where every worker has the opportunity to thrive in a rapidly changing world. As the policy takes shape over the coming years, it will undoubtedly serve as a model for other nations looking to enhance their human resource capabilities in the face of global shifts in labor and technology.

Stay tuned, to PropleManager.co.in for further updates on the evolving workplace paradigm.

 

Value our content… contribute towards our growth. Even a small contribution per month would be of great help to us. Since our establishment, we have been serving the industry through daily news and updates.

Our content is free for all, and we plan to keep it that way

Support the People Manager. Pay Here

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.