whatsup@thrivingtalents.com

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ACT NOW OR PAY LATER!

Employers MUST Enroll Staff in Training Before July to AVOID Losing 15% HRDC Subsidy!

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PURPOSE

Use your unused levy to fund skills development or face penalties

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15% of your unused levy will be deducted if not used

Any employer with unused 2023 levy

Unused levy over RM50,000 and less than 50% used in 2023

LEVY UTILISATION

WHO IT AFFECTS

DEDUCTION CRITERIA

KEY HIGHLIGHTS

IMPLEMENTATION TIMELINE

ADDITIONAL INFO

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Effective Date:

1 Jan 24

Deduction Start:

1 July 24

Grace Period:

Use your levy by

or face a 15% deduction

June 30, 2024

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No Appeals: Deduction are final

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New Employers: Same rules apply

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One-off Deduction: As per 2024 Budget

Don't lose your training levy! Unused funds will expire, leading to missed opportunities and possible penalties.


Let's ensure your company benefits from this vital resource.

Hot Off the Press: Insights on the Training Levy

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Employers Must Act Fast to Utilize HRDC Levy

Employers must utilize 15% HRDC levy subsidies by sending employees for training before the deadline in June. Failure to do so will result in the forfeiture of the subsidy. This mandate aims to encourage the effective use of funds allocated for employee development. The training can include various skill enhancement programs to better equip the workforce.

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There are three main reasons why employers hesitate to invest in employee training:


1. Lack of immediate manpower,

2. Fear of turnover after training

3. Concerns about the return on investment.


Employers are advised by the government advisory to prepare timely for these challenges and explore ways to maximize training benefits.

Employers' main reasons for not trusting employee training

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PROGRAM HIGHLIGHTS:
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Overcoming Training Hesitation

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Boost Efficiency:

Retain Talent:

Reduce errors, increase productivity, and streamline workflows with enhanced skills

Show commitment by investing in employee growth, reducing turnover, and saving on recuitment.

Fill Staffing Gaps:

Develop a versatile team ready to handle sudden staffing changes and needs.

Act now! Our experts guide you every step to maximize your training investment.

Discover How Effective Training Can:

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Can't Find What You're Looking For?

No worries! Browse our comprehensive catalogue for more options tailored to your needs

Protect Your Funds:

Act Now!

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Take a peek at our catalogue:

Get in touch:

Find the right fit for your team.

Let's talk about how to maximize your funds.

Book a training:

Pick a date, and we'll handle the rest.

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Why

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Thriving Talents?

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Our Past Experiences

Highlights from Our Previous Workshops & Teambuilding Events

Previous Workshops

Interactive sessions designed to enhance leadership skills, foster innovation, and develop new professional abilities

Fun and challenging outdoor activities promoting collaboration, trust, and stronger interpersonal connections.

And many more

Teambuilding Activities

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Don't wait!

Contact Thriving Talents Today

and secure your training levy benefits

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