The fear of job losses in the labor market is something
that is worrying employees in Malaysia. Their major source of concern stems
from the need for them to take advantage of digitalization and the opportunities
that are opening up with the technological advancements and the introduction of
new innovations.
Graduate Skills
Malaysia has become a digital hotspot with a competitive job
market. Meanwhile, on completion of their tertiary education, many graduates
find that they are lacking in the technical skills required to fill employment
positions. Unemployment is a problem for them. Positions are often filled by
employees from abroad and it’s obvious that a shift is needed in learning
methods.
Learning techniques at universities require rote learning,
this is helpful in remembering information, but allows no room for practical
experience.
These shortcomings in the education system are being
addressed by supplementing the knowledge with skills through additional
government funding.
Employee Skills
Our employees also have a keen interest in training
and development. In a recent study, 96% said that they were willing to invest
money in order to upgrade their skills through training programs.
Companies in Malaysia are filling their requirements for
highly skilled workers by encouraging their workforce to up-skill while also
offering incentives and career progression opportunities.
Besides hiring people from abroad, Industry also encouraging
Malaysians to repatriate and bring with them the knowledge gained abroad.
In conclusion, our employers can play a major role in creating a
competitive advantage for their organizations by providing relevant training
courses to accelerate the skills they require from their workforce.
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