AS the highly anticipated Budget 2024 approaches, four key areas need attention to propel the welfare of Malaysia’s workforce and accelerate the count...
Reskilling is essential for employees to remain competitive in a constantly evolving job market. – BERNAMAPICthe highly anticipated Budget 2024 approaches, four key areas need attention to propel the welfare of Malaysia’s workforce and accelerate the country’s digital evolution.Given the rising cost of living, it is imperative to establish fair taxation policies to safeguard the financial well-being of the workforce.
These programmes will equip employees with the necessary knowledge and skills to manage their finances, invest wisely and plan for their retirement. To equip the workforce with the necessary skills to excel in the digital economy, the government should implement comprehensive programmes for the development of digital skills, accompanied by adequate funding.
This is a win-win situation, offering graduates an opportunity to acquire relevant work experience in the companies they are assigned to while also enabling participating employers access to a skilled workforce, with government backing.Achieving a balance between labour market flexibility and job security is paramount. Human Resources experts recognise the importance of fair labour practices, including benefits, such as paid family leave and flexible work arrangements.
For a significant shift towards greater flexibility in the workplace, the government, employers and labour unions need to work collaboratively.
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