Talent Corporation Malaysia20 March 2019Fakulti Kejuruteraan, Universiti Malaya

Malaysia’s Talent Capital:A Future-forward Agenda

“[Malaysia has] very developed infrastructure and connectivity, and a highly-diversified economy, proactive government policies and multilingual workforce. All these make Malaysia a good investment destination.”

Faris Hadad-ZervosFormer Country Manager, Malaysia

World BankSource: Greater Kuala Lumpur (PwC, 2017) 2

“For businesses to capitalise on new opportunities, they will need to put talent development and future workforce strategy front and centre to their growth.”

Source: The Future of Jobs (World Economic Forum, 2016)

3

Enabling Malaysia to be a market-oriented talent hub by attracting, nurturing and retaining the right expertise to spur economic growth

VISION

4

Future of Work: What is it?5 5

6

Through Starbucks, these Deaf partners are trained and empowered to move forward in their careers, which will give them a sense of pride and accomplishment in the long run

Alvin YM Wong, Chairman of the Society of Interpreters for the Deaf (SID), Selangor and

Federal Territory, Malaysia.

Source: Starbucks, July 2016

7

A father and son team have grown their year-and-a-half-old sock business into a US$4-million empire called John’s Crazy Socks,all based on a simple mission statement: to “spread happiness.”

Source: Global News, 2018

8

In the future, there will be no female leaders. There will be just leaders.

Sheryl Sandberg, COO of Facebook and author of Lean In.

Source: leanin.org

Future Workforce is all about inclusivity and diversity. Everyone needs to be able to work with each other regardless of background and that includes gender, race and religion.Source: People’s Magazine 9

Future Workplace is Everywhere and AnywherePeople are connected through technology and the world has gone borderless

10

What about the Work itself?11

While low skilled workers continue to be displaced by automation …. 12

…Knowledge workers are displaced by algorithms.

Global Talent Competitiveness Index (2017)13

14

When machines become workers, what is the role of people?

Over 100,000 jobs in the legal sector have high chance of being automated in the next 20 years. Deloitte Insight Report, 2015 15

Overall, as many as 1.7m jobs are expected to be lost as banks digitise operations over the next decade, Citigroup predicted recently. Financial Times, January 2017

16

Biggest advantage is that robotic pharmacist eliminates human error, contamination risk and is cheaper than using people. The Telegraph, Nov 201517

Since its launch in 2000, the Da Vinci operating robots have performed more than 2 million procedures.

18

19

Education Blueprint alignment

PRE-SCHOOL TO POST- SECONDARY EDUCATION

PRE-SCHOOL TO POST- SECONDARY EDUCATION

1

HIGHER EDUCATION2

• Inquisitive• Innovative

• Critical thinking• Problem solving• Innovative

Source: The Future of Jobs (World Economic Forum, 2016)

65% of children entering primary school today will end up working in completely new job types that don’t yet exist.

The Future of Jobs (World Economic Forum, 2016)

20

21

Preparing nation for Future of Work

Pre-school Primary Secondary Higher Education

Emerging Talent

Future leaders of the nation

Whose job is it to prepare youth?There is an increasing disconnect between the content-driven education model largely developed in the 19th century and today’s rapidly evolving, skills-based world of work.

Reason 1: Many systems —built over a century ago—are based on youth-development theories and education models that may be inadequately serving students’ current and future needs; models that do not emphasize team-based projects and problem solving.

Reason 2: Many education systems are chronically underfunded and understaffed – Underinvestment - inadequately trained teachers or a lack of infrastructure

Source: Preparing tomorrow’s workforce for the Fourth Industrial Revolution, Deloitte, Sep 2018

22

Malaysia’s Graduate Employability Scenario in a Glance…..

>250,000students graduates annually, but

1 in 5 fresh graduates remain unemployed

6 months after graduation

Among fresh graduates with tertiary education

26%Degree holders are unemployed

(highest unemployment %)

Unemployed fresh grads by field of studies (%)

51.5% 17.7%

17.6% 7.5%5.7%

Arts & Social Science Technical

Science ICT

Education

Top reasons for fresh grad unemployment from employer perspectives:

58% choosy about the job/ company

58% poor character or attitude

52% poor command of English

Top 10 of Malaysia’s Most In Demand Jobs for 2018(Critical Occupations List 2017/2018 by TalentCorp & ILMIA)

#1 Engineering #2 ICT

#3 Business #4 Accounting

#5 Actuarial Science #6 Occupational Safety & Health

#7 Education #8 Medicine

#9 Chemistry #10 Communication

1 2 3 4

5 6

TalentDemand

Talent Supply

• Talent Mismatch• Lack of Industry Exposures• < Soft Skills for Employment e.g. communication, English, employability skills

Talent Demand & Supply Gap in Malaysia’s Graduate Ecosystem

• Lack of industry-academia coordination• Lack of information for ideal talent spotting

and recruitment drive• Active intervention and participation from

industry in universities

Study Graduates EmploymentTalent

Universities Industries

Sources: • EduAdvisor Malaysia - What You Didn’t Know About Fresh Graduate

Unemployment in Malaysia: https://eduadvisor.my/articles/what-didnt-know-fresh-graduate-unemployment-malaysia-infographic/

• Kementerian Pendidikan Malaysia |National Education Statistic –Higher Education 2017

• Department of Statistics Malaysia | Labor Force Survey Report 2017• Jobstreet | Job Outlook Report 2018, Fresh Graduate Report 2018

Fact Sheet, 2018 Salary Report

TalentCorp in Graduate Space: Solutions for the PresentAddressing current market gaps with signature interventions to close gaps through collaboration with key stakeholders

Other Initiatives3

23

Structured Internship Programme 1

MyASEAN

A collaborative effort initiative with Ministry of International Trade and

Industry (MITI) to create a network of top young global talent with local insight and

global perspective of doing business globally.

More than 6,000 JPA graduates currently serving out government bond with STAR-

registered companies

More than 2,500companies registered

with the STAR Initiative

Top Hiring Sectors: Professional Services (17%) Oil, Gas & Energy (16%) Finance (16%) Electrical & Electronics / Manufacturing (13%)

More than 75,000undergraduates benefitted from

the programme

More than 8,000 companies registered with SIP initiative

Source: TalentCorp database, 2018

Double Tax Deduction incentive for monthly allowance and other

relevant costs

2019 SIP Moving Forward:• Increase SMEs & Start-Ups participation • Encourage and increase TVET talent

participation rate• Mapping Talent Demand & Supply• Revision of interns' minimum allowance

and employers facilitation for tax claim

“Structured internship programmes have the power to prepare students for

successful and fulfilling careers. He adds that a meaningful internship experience promotes critical self-reflection – which

drive them to discover gaps in their practical knowledge and identify their

future career goals.”

Datuk Narendra Kumar JasaniCountry Managing Partner

Grant Thornton Malaysia

Scholarship Talent Attraction & Retention2

Initiative designed to facilitate JPA scholars transition after graduation to serve national scholarship bond with key economic private sector

MyAPEC

Talent Mobility3

More than 400 young talent benefit from Talent Mobility

Programme and experience global exposure with participating

companies

40 Participating companies to date and the list continue to

expand

Industry-Academia Collaboration

To develop quality Graduates that are industry ready, to fulfil the human

capital requirement by the industry, as well as the economic development in

the long run through orchestrated effort between Industry & Academia

Nurturing EXpert Talent (NEXT) Online Assessment

• Centralised talent database to understand national talent landscape and dynamics

• Understand talent supply and demand

• Strategise intervention and effort to overcome gaps/shortage

Talent Coaching for Career Counsellor/ Development/ Center

• Understand talent landscape in IHLs in GE projections

• Develop programme and strategic interventions within IHLs, in campus approach

• To understand talents’ potentials, advise and best go-to person for employment guidance

24

GRADUATES & EMERGING TALENTS (GET)PROFILING TOOL

Your One-Step Talent Solution

GRADUATES & EMERGING TALENTS (GET)PROFILING TOOL

Your One-Step Talent Solution

Upgrade Yourself

26

NEXT for Talent: Your One-Stop Talent Solution Re-engineering Talent Ecosystem for the Future

Login

Talent Dashboard

Bid for jobs

Know Yourself

Participate in key initiatives

Objectives

Basic information required:• Profile• Basic Self Assessment• Resume Builder

Talent interface:• Basic Profile & Resume• Completed Assessment Analysis• What’s NEW on NEXT for Talent• Functions menu

Functions

Profile updates &

Synchronisation

Your talent solution start here!www.findmynext.com

1

2

4

1. Self improvements tool for Talent2. NEXT assist to understand self and have the self awareness of

strength and potential3. NEXT as One-Stop-Centre for:

Job market opportunities; Employability assessment, competencies and toolkit e.g. CV

builder, self competencies, skills enhancements, upskilling, networking;

To encourage online learning to improved self knowledge and awareness inline with current market trends; and

Online knowledge source & reference point.

• Job Opportunities• International Posting• Management Trainee• Internship

i. Talent can look out for opportunities available posted by industries (NEXT Employers) e.g. Jobs opportunities, management trainee programme, international posting opportunities, internship placement

3

• Employability Assessment• Industry Assessment

• Digital & Online Learning• Knowledge Resources

i. DIY enhancement kit for talent - Competency module & assessment by industries e.g. ICT, Sciences, Civil Engineering and etc.

ii. Employability toolkit and moduleiii. Skills enhancements

i. Online learning module from reliable sources + online certificate of accomplishments

ii. Improved knowledge and skills e.g CAD, BIM, literature, Microsoft office and etc.

iii. Online knowledge reference

• Basic Profile• Interest and Preference Profile• Basic Employability Profile• VIP24• Other basic tools e.g. English, ICT

• JPA Scholars Employment Approval & Serving Bond in the country

Talent Mobility

• MyASEAN

• MyAPEC • Application to enroll• Job opportunities available

KNOWMADS

Upskilling

• Knowledge sharing• Capacity building

27

www.findmynext.com.

Internships: Early Exposure to Market / Industry

Talent

Universities/Educational Institutions

Talent Supply

• Basic Profile• Interest and Preference Profile• Basic Employability Profile• VIP24• Other basic tools e.g. English,

ICT

InternshipPlacement

Workforce

Hired for Employment

Other opportunities

• Increase Human Capital Development capacity building

• Producing quality market ready talent for the workforce

• Future of Work, Global Talent & IR 4.0

• Increase productivity and national economic growth

Industries

Internship Logic Model

• Knowledge• Exposure• Skills• Attitudes• Network• Resources

What talent gain from Internship?

Monitor & Evaluate

Impact on Talent

Talent

Industries

Universities/Educational Institutions

• Gain professional experience and work skills• Career path exploration• Competitive advantage in the job market

• Industry ready talent• Access to potential talent for organization• Develop and nurture talent for organisation

• Building stronger ties with industries• Increase employability rate• To explore potential collaboration

BenefitsTalentCorp’s Structured Internship Programme

1. A collaborative effort between TalentCorp and Ministry of Education (Higher Education) to encourage a meaningful structured internship experience relevant to industries.

2. Companies are eligible for double tax deduction for all related expenses incurred on the interns. The Structured Internship Programme (SIP) double tax deduction incentive has been extended to Diploma holders and its equivalent

3. SIP play a pivotal role in encouraging industry-relevant internship experience which leads to employment.

28

29

www.sip.talentcorp.com.my

Except as otherwise noted this work is licensed under the Creative Commons:

Attribution-NonCommercial-NoDerivatives 4.0 International Licence (CC BY-NC-ND 4.0)

To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/4.0/

©2018 Talent Corporation Malaysia Berhad (TalentCorp)

THANK YOU

TalentCorpMsiaTalentCorpMsia Talent Corporation Malaysia Berhad

Level 6, Surian Tower, No. 1 Jalan PJU 7/3, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia

T +603 7839 7000 F +603 7839 7001

talentcorp.com.my

TalentCorpMsia