Daily HR News 18.11.2024
1. How does Malaysia plan to address mismatch between graduates and jobs? HR minister says first step is a wage benchmark
Human Resources Minister Steven Sim announced a plan to address the mismatch between high-paying jobs and the 300,000 graduates entering the workforce annually. Key measures include Malaysia’s first-ever wage guide, RM3 billion for skills training, RM40 billion in grants for SMEs, and RM120 billion in investments by government-linked corporations. The goal is to create better job opportunities and align skills with industry needs
2. HR minister proposes upskilling as study shows 620,000 jobs in 10 sectors set for impact soon from AI, digitalisation
Human Resources Minister Steven Sim emphasized the need for upskilling and embracing digitalization to stay relevant in Malaysia's evolving workforce. A TalentCorp study revealed 620,000 jobs in 10 key sectors will face major changes in the next few years due to AI, digitalization, and green initiatives. The government launched MyMahir, a platform to guide workers on skills and career pathways.
3. Malaysian labour laws can't protect Malaysians working abroad, says deputy minister
Malaysian labour laws don't apply abroad, said Deputy Foreign Minister Datuk Mohamad Alamin. Protection for Malaysians working overseas relies on local laws and human rights protections. The government offers consular assistance to those in trouble. He responded to a motion about Malaysians, like Mala Vello, who were victims of trafficking, emphasizing local authorities' role in defining trafficking cases.
4. Rafizi: 13MP to focus on talent development reforms
Economy Minister Rafizi Ramli emphasized the need for talent development reforms to meet the demands of a high-income economy as Malaysia aims to become a developed nation by 2027-2028. He highlighted the importance of skilled workers for high-tech industries and stressed the shift from "Made in Malaysia" (assembly) to "Made by Malaysia" (design and innovation) to create high-paying jobs and boost economic growth.
Source : https://theedgemalaysia.com/node/734361
5. Malaysia's labour demand records 9.01mn jobs in Q3 2024
Malaysia’s labour demand reached 9.01 million jobs in Q3 2024, marking the highest level since 2018, with a 1.2% year-on-year increase. The unemployment rate remained low at 3.2%. The semi-skilled category accounted for the most vacancies, and the services sector was the biggest job creator. Economic growth and business activity are expected to sustain positive labour market trends.
Source: https://www.humanresourcesonline.net/malaysia-s-labour-demand-records-9-01mn-jobs-in-q3-2024