Greater Emphasis on a ‘National Workforce of the Future

Given the fast-evolving employment market due to digitisation and a shortage of qualified talents in emerging roles, JobStreet is hopeful that the upcoming Budget 2022 would focus on upskilling and creating a ‘national workforce of the future’.

JobStreet Malaysia, a subsidiary of SEEK, is also looking forward to deeper collaboration with the Malaysian Government to progressively build a ‘digital first’ workforce.

Its managing director Vic Sithasanan said that given the rising demand for digital tools and processes, there is an urgent need for Malaysians to appreciate the need to continuously upskill themselves with digital technologies, digital literacy, and transferable skills.

“With automation and digital technology having disrupted the job market, traditional roles are fast disappearing while roles involving the ‘workforce of the future’ are fast emerging,” said Vic, adding that JobStreet is expecting training and technology-enabled learning initiatives to be announced within Budget 2022.

Budget 2022 will be tabled in Parliament on Friday Oct 29.

At its end, JobStreet also believes in ‘standing by our SMEs’ and that businesses have a lot to gain from embracing digital technologies into their existing business models, which would improve productivity while opening up new revenue streams.

According to the University Consortium of Malaysia, SME productivity was boosted significantly through digitalisation, SMEs experienced a 26% increase in productivity through social media, and e-commerce saw SME productivity increase by 27%. On a more advanced level, using digital technologies for the backend such as data management solutions could increase SME productivity by up to 60%.

Vic said that digitisation is a critical element for business continuity while having a ‘digital first’ workforce is just as critical for SMEs.

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