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HRD Corporation - Register or RM10,000 fine

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  Employers must register to avoid RM10,000 fine   1 March 2021, Malaysia’s Human Resources Development Fund (HRD Corp) has expanded the coverage of the Pembangunan Sumber Manusia Berhad Act 2001 (PSMB Act 2001) to include all industries. So what does that mean?  A company with 10 employees and above must register with HRD Corp and contribute a levy at 1% of monthly salary.  A company who has less than 10 employees can choose to register and contribute at 0.5% of employees' monthly salaries.  Penalty for non-compliance?   Based on PSMB Act 2001 , an employer will be convicted for not registering with HRD Corp may be fined up to an amount not exceeding RM10,000 or face imprisonment up to a year, or both.   Purpose of contribution to HRD Corp Fund? Registered employers can make use of the fund contributed to upgrade their employees' skills according to their operational and business requirements. SBL Khas scheme means you can obtain Training Grant, and employers can send em