Environmental Scan 2017 | Page 145

Environmental Scan 2017: Human Capital Issues within the Medical Devices Sector The source of funding for training expenses incurred between January to December 2016 mainly comes from HRDF levy (72%) and companies’ own account (27%). The utilisation of HRDF levy is higher in the surgical/medical gloves segment. Figure 3-46: Source of funding for training expenses, Jan to Dec 2016 1% TOTAL 72% 27% (n=66, representing RM1,717,000) Surgical/Medical Gloves 80% 20% (n=12, representing RM589,000) Other Medical Consumables 68% 29% 3% (n=33, representing RM617,000) Non-consumables 69% 31% (n=21, representing RM511,000) HRDF - Levy Company's own funding MIDA's DISF or Strategic/High Impact Fund In order to attract and retain employees, majority of the companies in the industry are training or plan to train their current employees to fill in the gaps and provide better benefits and incentives for employees. More than 60% of surgical/medical gloves manufacturers and the non-consumables companies also offer or plan to offer above-industry-average salaries. 145