“It is undeniable that the intellectual, cultural, social and economic empowerment of the people – also known as prowess – is needed for any nation to progress and to stay progressive,” quoted HRDF chief executive Datuk Vignaesvaran in an exclusive interview with BizHive Weekly.
“Hence, up-skilling and re-skilling of its talents are needed to meet the challenging demands of the dynamic global business and trade. Local talents in this context will need to possess qualities that will help them achieve global competitiveness and put them on a level playing field with their competitors,” he added.
Currently, Malaysia sits among 20 top economies on the Global Competitiveness Index (GCI) and will need to embrace solutions that will help them address challenges to include, skill shortages; talent mobility and talent retention.
National Agenda on Human Capital Development under the 11th Malaysia Plan, where 35% of the total labour force would comprise skilled workers by 2020.
Based on the statistics in 2015, only 28% of the total workforce or 3.86 million were skilled workers. The Government intends to increase the number of skilled workers to 5.35 million or 35% of total workforce by 2020. In other words, the country will need to produce nearly 300,000 skilled workers every year in order to achieve this goal.National Agenda on Human Capital Development under the 11th Malaysia Plan, where 35% of the total labour force would comprise skilled workers by 2020.
Why upgrade skill
- Increment in current salary
- To enhance skills and knowledge
- To enter new field of work
- To be a premium asset to work at any company
- To safeguard yourself from retrenchment and redundancy
- To contributes to the company’s competitive edge and helps the country meet challenges of globalization
- To seek promotion opppurtunity
- Discover new passion