SKILLS & TALENTS
The emerging contours of the new world of work in the Fourth Industrial Revolution are rapidly becoming a living reality for millions of workers and companies around the world, Malaysia included. The inherent opportunities for economic prosperity, societal progress and individual flourishing in this new world of work are enormous, yet depend crucially on the ability of all concerned stakeholders to instigate reform in education and training systems, labour market policies, business approaches to developing skills, employment arrangements and existing social contracts. Catalysing positive outcomes and a future of productive work for all will require bold leadership and an entrepreneurial spirit from businesses and governments, as well as an agile mindset of lifelong learning from employees.
Asnapshot intoMalaysianworkforce in 2018, there is 15.3million persons labour force in Malaysia with 9.3 million of them are male and 6.0 million are female. Male labour force participation rate (LFPR) is 80.4% (9.3 million out of 11.6 million working age males) while female LFPR is 55.2% (6.0 million out of 10.8 million working age females). In terms of employment by skill level, Malaysia’s share of high skill employment at 27.2%, which those who are employed in managerial, professional or technician roles. Meanwhile, the share of semi-skill workers is at 60.4% while the share of low-skill employment is at 12.4%. On a positive note, the education background of the labour force is improving. The share of tertiary educated labour force has increased from 28.3% in 2017 to 28.8% in 2018.
A Snapshot Into Malaysian Workforce In 2018
Total Population
Labour Force
40
10
The gap between female and male employment stay at about 22% although female labour force number has seen a significant increase.
9.5
9.4
9.0
9.2
31.7 32.2 32.6 32.6
6.1
6.0
20
5
5.7
5.8
0
0
2016
2017
2018
Q1 2019
2016
2017
2018
Q1 2019
Male
Female
25
Malaysian Technology Strategic Outlook 2019/2020 Intergration of High Technology
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