An Analysis on Human Capital Development in Malaysia

INTRODUCTION In current market, SMEs be composed by competitors, regardless of industry. To develop a matched advantage, it is important that they atomic number 18 truly leveraged on the workforce as a belligerent weapon. A strategy for improving workforce productivity to contain higher value for them has become an important focus. SMEs adjudicate to optimize their workforce through comprehensive human big(p) development programmes not only to achieve their art goals merely most important is for a long term choice and sustainability. To accomplish this undertaking, they will indigence to invest resources to ensure that employees bugger off the knowledge, skills, and competencies they need to work effectively in a apace changing and complex environment. SMEs currently represent 99.2% of amount of money business establishments in Malaysia and provide employment for about 56% of our workforce. SMEs also contribute about 32% of gross domestic product and 19% of the countrys exports. As SMEs are an important agent of economic growth, SME development has been recognized as a priority on the national agenda and umpteen development programmes have been put in place to vary SMEs into competitive, resilient and value-creating entities (Hafsah Hashim, 2009).

Development of human nifty in Malaysia SMEs is important towards off great changes in business environment especially in information technology and manufacturing sector. The need of specialist in this field is a must. In this analysis paper, I will described the important and issues of human great development in Malaysia SMEs and what are the action of the Malaysian Government will take towards the rapid changes of human hood development especially in SMEs sector. DEFINATIONS OF HUMAN cracking AND MALAYSIA SMEs What is human capital? According Schultz (1993), the term human capital has been defined as a key element in improving a firm assets and employees in order to attach productive as well as sustain competitive advantage. To... If you want to get a full essay, order it on our website: Ordercustompaper.com

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