Human capital initiatives proposed for consideration in Malaysia Budget 2023

"There is a need to focus on challenges the country will face through the Industrial Revolution 4.0 (IR4.0) — especially in producing competitive digital-ready human capital and talent," according to Minister Saravanan.

Malaysia's Minister for Human Resources Datuk Seri M. Saravanan has submitted 10 human capital-focused initiatives for the Finance Ministry's consideration for Budget 2023.

Speaking about these at an event on Tuesday (20 September 2022), the Minister said there "is a need to focus on challenges the country will face through the Industrial Revolution 4.0 (IR4.0) — especially in producing competitive digital-ready human capital and talent."

As cited in Berita Harian and shared in a Facebook post by the Ministry of Human Resources (MOHR), Minister Saravanan commented the Ministry is "focusing on this IR 4.0 challenge", and "will also focus on reskilling and upskilling (talent)."

Apart from the above, MoHR is also proposing an additional budget to provide a safety net for housewives through the Social Security Organisation (PERKESO, also known as SOCSO).

Providing more background as further cited by Berita Harian, Minister Saravanan shared that during the movement control order, many wives faced problems when their husbands, as the main breadwinner of the family, suffered from chronic diseases. Acknowledging this, MOHR is looking to implement a social safety net for 50,000 housewives this year.

Image / Ministry of Human Resources Facebook

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