Employer Costs with HRDF and HRD Corp Claimable Guidance Updated November 2024
Employer Costs with HRDF and HRD Corp Claimable Guidance
Employers in Malaysia can unlock significant benefits by utilizing HRD Corp funds for training and development, including team-building initiatives. This strategic approach enhances employee performance and reduces the financial burden of workforce upskilling. Here’s a concise overview of how HRD Corp Claimable Courses and allowances support employer-driven training programs.
Key Benefits of HRD Corp for Employers
Cost Efficiency:
HRDF (Human Resources Development Fund) allows employers to claim for a wide range of training expenses, reducing overall costs.
Enhanced allowances, such as RM250/day for trainees within 100 km and RM500/day for those traveling beyond, ensure affordability.
Flexibility and Customization:
Employers can design specific training programs, including industry-specific and soft skills training, while adhering to HRD Corp’s Allowable Cost Matrix.
Options for in-house, online, and public courses cater to diverse learning preferences.
Enhanced Claim Policies:
Recent updates include higher claimable amounts for face-to-face and remote training sessions, with a maximum of RM10,500/day for group training.
Employers can also claim equipment and renovation costs, making it easier to establish training facilities.
Boosted Employee Engagement:
Claimable team-building activities foster collaboration and morale, directly impacting workplace productivity.
How to Maximize HRDF Claims
- Plan Ahead: Choose HRD Corp-registered training providers and align the training content with your industry needs.
- Leverage Allowances: Use updated meal and travel allowances to minimize participant expenses.
- Track Training Hours: Ensure compliance with HRD Corp’s hourly-based claim system for accurate reimbursements