Everything You Must Know about HRDF Claimable Fund for Team Building Activities
Who should register with HRDF?
Employers in Malaysia with a workforce of 10 or more Malaysian employees are required to register with HRD Corp. This registration is compulsory and entails a monthly levy payment, which is calculated at a rate of 1% of the monthly wages of their employees. It is essential to note that all activities conducted by these companies must be in compliance with the provisions set forth in the PSMB Act 2001. This act serves as the regulatory framework for human resource development activities, ensuring that companies contribute to the development and enhancement of their workforce’s skills and competencies.
A to Z: How to Claim HRDF Training?
Companies can apply for HRD Corp claimable courses through the HRD Corp online portal or by submitting a physical application form. The amount claimable by employers is RM 1000 /day/group.Here is a step-by-step guide on how to the claim hrdf training course:
- Register with HRD Corp: Before applying for claimable courses, companies need to register with HRD Corp. This can be done online through the HRD Corp website.
- Select Eligible Courses: Companies should identify the courses that are eligible for HRD Corp claims. These courses should be relevant to the development of employees' skills and competencies.
- Submit Application: Companies can submit their application for claimable courses through the HRD Corp online portal. They will need to provide details such as the course title, duration, and cost.
- Wait for Approval: HRD Corp will review the application and determine if the course is eligible for claims. This process may take some time, so companies should plan accordingly.
- Attend the Course: Once the course is approved, employees can attend the training. It is essential to keep all relevant documents and receipts for the claim process.
- Submit Claim: After completing the course, companies can submit their claim for reimbursement through the HRD Corp online portal. They will need to provide proof of attendance and payment.
- Receive Reimbursement: Upon approval, HRD Corp will reimburse the company for the eligible course fees. The reimbursement will be made through the company's designated bank account.
Under the SBL Scheme, employers must obtain prior approvals from PSMB’s Secretariat for their training programs. This scheme allows employers to identify their training needs and implement programs to retrain and upgrade their employees’ skills according to operational and business requirements. Training programs can be conducted on-the-job, off-the-job, or a combination of both, tailored to the organization’s needs. Programs can be conducted by internal, external, or overseas trainers if local expertise is not available. To qualify for training grants, programs must have specific objectives, activities or lesson plans, guidance from qualified instructors/trainers, and assessments to measure the attainment of training objectives.
Levy Balances Expiration Period
Levies become ineligible if the balance remains unused for 24 consecutive months, indicating no claims were made within that period. This rule ensures that funds are utilized promptly for training purposes, aligning with the objective of the HRD Corp scheme to continuously support workforce development. Employers are encouraged to utilize their levy balances efficiently to maximize the benefits and opportunities provided by the scheme.
What to expect when attending a HRDF program?
To qualify for HRDF grants, training programs must adhere to specific structures and guidelines. These guidelines ensure that the programs are comprehensive, effective, and aligned with the goals of human resource development. Here are the key points regarding the structure and nature of training programs eligible for HRDF grants:
- Program Structure:
- Training programs should have a clear and well-defined structure, including objectives, content, and methodology.
- They should be tailored to the needs of the employees and the organization, focusing on areas that require improvement or development.
- Nature of Programs:
- Training programs eligible for HRDF grants should be aimed at enhancing the skills, knowledge, and capabilities of employees.
- They should be designed to improve productivity, efficiency, and effectiveness in the workplace.
- Programs may include technical skills training, soft skills development, leadership training, and other relevant areas.
- Expected Outcomes:
- Participants can expect to gain valuable skills and knowledge that will benefit both themselves and the organization.
- Improved communication among employees and management is a common outcome, leading to better teamwork and collaboration.
- Enhanced leadership skills can lead to more effective management practices and better decision-making.
- Activities Included:
- Training activities may include workshops, seminars, conferences, online courses, and other forms of learning.
- They should be interactive and engaging, allowing participants to apply new skills and knowledge in real-life situations.
- Activities that promote communication, teamwork, and collaboration among employees and management are highly encouraged.
Benefits of HRDF to Stakeholders
For Business:
Supporting Business Growth and Development
The HRDF empowers businesses by enhancing the skills and knowledge of their workforce. This contributes to business growth and development, as a well-trained workforce is more adept at tackling challenges and achieving organizational goals.
Compliance with the Employment Act 1955
Complying with HRDF requirements ensures that businesses fulfill their obligations under the Employment Act 1955, which mandates that employers provide opportunities for employee training and development.
For Employees:
Career Development and Enhanced Employability
Employees who participate in HRDF-sponsored training programs experience personal career growth and enhanced employability. As they acquire new skills and knowledge, they become more valuable assets to their employers and the job market as a whole.
Enhanced Job Security
Learning and upskilling through HRDF programs can enhance job security, as employees become adaptable and equipped to meet the evolving demands of the job market.
Conclusion
In conclusion, Team Building HRDF Claimable Malaysia training is a vital resource for both businesses and employees. It provides financial support for training and skill development, ensuring that the workforce remains competitive and capable of meeting the demands of a rapidly changing job market. Employers benefit from a more skilled and efficient workforce, while employees gain valuable skills and enhanced job security. The HRDF Fund is particularly beneficial when it comes to HRDF Claimable Team Building activities. These activities not only strengthen team dynamics but also ensure that employees are well-prepared to tackle various challenges, enhancing overall productivity and morale within the organization.
If you’re looking to take advantage of the HRDF for your team-building activities, consider registering with JomBond. With JomBond, you can plan your next HRDF Claimable Team Building event with ease and efficiency. The platform offers comprehensive solutions that simplify the organization and execution of HRDF Team Building activities, ensuring that your team gains the maximum benefit from these initiatives. By leveraging team building opportunities, you can create a more cohesive and motivated team, driving your organization towards greater success.Invest in the future success of your organization with JomBond’s tailored solutions for HRDF Team Building. Don’t miss out on the opportunity to enhance your team’s skills and cohesion through well-structured and impactful team-building events. Get started with JomBond today and take the first step towards a stronger, more capable team!
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