Gearing Human Capital Development Towards Achieving High Income Economy In the recent Pembangunan Sumber Manusia Berhad (PSMB) Conference 2010, the topic of conversation geared around human capital development and ways to put Malaysia back on the world map in terms of its global competitiveness. Malaysia is striving to be a Market-Led, Well-Governed, Regionally Integrated, Entrepreneurial and Innovative country by 2020. This will be achieved under the New Economic Model: New Economic Model So this brings us to the question… What is your company’s Competitive Advantage? The answer >> YOUR PEOPLE!! Some of the points highlighted in the conference discussed ways to enhance competencies through innovative human resource development. The key factors are as follows: It is clearly evident that our country’s focus in the upcoming years is to develop our precious human capital. Many companies have already begun the transformation of increasing the number of skilled workers within the organization through a systematic approach of training and development. A good example of this can be found in our next article on page 16.

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