Malaysia Launches Plan Study To Solve Labour Talent Shortages


The newly released Sector-Focused Industry-Academia Collaboration (IAC) Workshop report by Talent Corporation Malaysia (TalentCorp) focuses on bridging the talent demand-supply gap while developing a competent future workforce.

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The study compiles findings and insights from ten IAC workshops held in 2022 in important industries such as STEM, tourism, animation and gaming, electrical and electronics, and medical and healthcare. Over 550 participants from business, academia, and professional bodies attended these seminars to examine sector-specific difficulties, in-demand skills, and potential solutions.

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Malaysian Human Resources Minister V. Sivakumar stated that TalentCorp’s initiatives brought together important business and academic partners to address talent concerns and discover viable solutions through the sharing of information, ideas, and experience. “The findings are key in helping policymakers understand the practical implications of their decisions and make policies that are more effective, feasible, and conducive to spur economic growth,” he said.

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Sivakumar also emphasised the government’s commitment to developing a skilled workforce, citing Prime Minister Datuk Seri Anwar Ibrahim’s request for private sector participation in pioneering skills centres. This programme is complementary to TalentCorp’s Future Skills Talent Council, which strives to bridge the skills gap between graduates and industry demands.

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The inaugural ten IAC workshops, according to Thomas Mathew, Group CEO of TalentCorp, were motivated by the need to address skill shortages within the Malaysian ecosystem. He also underlined that the IAC study is a significant resource for anybody looking to engage on talent solutions with the government, industry actors, and academics.

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“At TalentCorp, we have started using the insights and findings to ensure that our new initiatives, such as the sector-based Future Skills Talent Council, is strategically aligned to industry and the nation’s needs,” he said in a statement to the New Straits Times.

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