Human Resources Development Berhad or Pembangunan Sumber Manusia Berhad (PSMB) is an agency of Ministry of Human Resources. Employers who register and pay the Human Resources Development Levy are eligible to obtain financial assistance for the retraining and skills upgrading of their employees.
In accordance to the Pembangunan Sumber Manusia Berhad Act 2001, the following employers should register with PSMB:
A. Manufacturing Sector:
1. Employers with fifty or more employees.
2. Employers with ten or more but less than fifty employees and with a paid-up capital of two million five hundred thousand ringgit (RM2,500,000) and above.
B. Service Sector:
Employers with ten or more employees, including:
(2) Tour operating business
(4) Air transport
(7) Postal or courier
(8) Computer services
(9) Freight forwarding
(10) Higher education
The amount of levy to be paid by employers (A & B)is at the rate of 1% of their monthly workers?¡¥ basic wages and fixed allowances.
Employers in manufacturing sector with ten or more but less than fifty employees and with a paid-up capital of less than two million five hundred thousand ringgit (RM 2,500,000) are encouraged to register with PSMB. The rate is 0.5% of their workers?¡¥ basic wages and fixed allowances.
RM3.5 MILLION FOR SME TRAINING INCENTIVE SCHEME
The government has allocated RM3.5 million to enable Pembangunan Sumber Manusia Bhd (PSMB) to continue with its training incentive scheme for small businesses registered under the Human Resources Development Fund (HRDF) from 1 June 2007
Human Resources Minister Datuk Seri Dr Fong Chan Onn said the objective of the scheme was to encourage employers in the manufacturing and services sector with 10 to 49 employees and a paid-up capital of less than RM2.5 million to retrain and upgrade the skills of their employees.
Under the scheme, the government would pay an incentive of RM1 for every RM1 spent by the employers to upgrade the skills of their workers.
The government is playing an active role in encouraging small and medium enterprises (SMEs) to adopt proactive training culture through the fund
Dr Fong said the government allocated RM4 million for the scheme last year and the fund was fully utilised by 1,000 companies.
PSMB is a corporatised body under the ministry and manager of the HRDF.
For further information, please contact:
Pembangunan Sumber Manusia Berhad (PSMB), Sarawak
No 6, Lot 2338, Tingkat 1 Bormill Estate Commercial Centre
Jalan Tun Ahmad Zaidi Adruce
Tel: 082-254721, 082-254564
HRDB Employers Circular No. 8/2009
Training Incentive for Small Enterprises