Michael Page Reports that Demand for technological skills in job market in Malaysia to soar over next decade
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The country’s job market demand in the next decade will shift from traditional labour to high-paying jobs that require technological skills.
However, she said that there is a massive talent shortage in these areas as the local education system does not cater to the existing demand, hence the need for the jobs to be outsourced.
“The problem that we have right now is the talent mismatch. There is a high level of unemployed graduates, but at the same time we face a talent shortage,” she said to Bernama in an exclusive interview.
May said the main problem faced by local unemployed graduates is the lack of technical knowledge and exposure during their tertiary study.
“Overseas graduates have higher chances of getting employed as they have the knowledge and experience sought by companies, especially multi-national corporations,” she said.
As at February 2019, the unemployment rate in Malaysia stood at 3.3 per cent or 516,400 persons, while employment increased 2.1 per cent to 15.03 million.
She added that with the current pace of digitalisation, talent produced locally are not moving concurrently with the job demand.
“Many traditional jobs will be obsolete in the future due to digitalisation, but the young talents are not trained to adapt to the change.
“Our education system must be upgraded to cater to these future demands to avoid local graduates facing difficulties in obtaining future jobs,” she said.
May said the country has been losing high-skilled talents to countries like Singapore which offers bigger prospects such as career advancement and higher salaries.
“Ironically, the reason why some Malaysian talents decided to return home is mainly because of an elderly family member around,” she said.
She added that young graduates looking for jobs must equip themselves with strong will, proper soft skill sets such as communications and correct attitude.
“Qualifications are just the first step, but without proper quality, it would be difficult (to get jobs),” she said. — Bernama
About Michael Page recruitment
Since our start as a two-man operation in London in 1976, Michael Page has grown and expanded globally. Now, after more than 40 years in the recruitment market, we have secured our position as leaders in international recruitment and hiring. We currently have 140 offices that create a network that spans 36 countries around the world, with strong opportunities for more growth within Asia Pacific.
We opened our first office in Asia in 1994, and have developed our presence into many of the main business hubs in the region since then. Our team in Asia has global connections, regional knowledge and local market experience; ideally positioning us to partner with multinational blue-chip companies and local firms alike, and with today’s global professionals.
Over time, our founding mission has remained unchanged: to bring the world’s best companies and brightest professionals together, helping each side reach their maximum potential and capabilities. We offer a unique, consultative approach to recruitment, tailoring every solution to specific requirements and offering long-term support.
Through experience, growth and consistently high standards, we have become one of the most recognised and respected recruitment brands in the world.
About EduSpiral Consultant Services
The aim of education is to secure a job in the future that has demand and a high salary. This will ensure that you will have job security and stable income to be able to sustain your lifestyle and more importantly to take care of your family.
When choosing the right course to study in Malaysia, one important criteria that students should look at is the job demand. Choosing to study a course that has future potential high job demand and salary would ensure that you have a higher chance of a successful career that would support your lifestyle goals. If you don’t plan carefully, you may end up studying a course that has no job demand after you graduate. This would be an incredible waste of your time and money.
EduSpiral Consultant Services is an appointed representative or agent for top private universities in Malaysia to offer counselling services on their courses and assist with their applications. Therefore, at EduSpiral Consultant Services, we do our research on the job demand for the careers in Malaysia and Salary Reports in order to best advise our students on what to study based on facts and evidence. I have researched articles such so that I can advise students properly and they can have a higher chance of getting a job that’s in demand with high salary in Malaysia and globally.