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Digitalisation will redesign Malaysian employment environment

According to a recent report, the most recent edition the Malaysia Salary Guide for 2019 unveiled by an American office staffing company, has highlighted the growing need for digital skills among workers as a result of the digitalisation wave that is sweeping across the nation.

The report shows that demand for digital talent is fast growing despite a comparative shortfall of supply, a sign that Malaysia is facing challenges in building its digital workforce.

The report, which studied a wide array of employment sectors, notes that the banking and shared services sectors have been seeing slower growth since the last Malaysian elections.

Alternatively, the engineering and information technology sectors are expected to grow in 2019.

Commenting on the report, the Managing Director and Country Head of Malaysian branch of the firm noted that as a growing number businesses in Malaysia embrace the 4th Industrial Revolution and digitally transform their businesses, there is also a widening skill gap in the Malaysian talent pool. This is despite the fact that digital competency is a core component of many current jobs.

The issue is being addressed by both the Malaysian government as well as organisations through various policies and initiatives, but workers must also take the initiative to upskill themselves to remain competitive in this evolving employment landscape.

Engineering

The report noted that the engineering sector in Malaysia is in the right position for growth despite the suspension of some major infrastructure projects and slowing growth in the manufacturing sector. With the support of government initiatives such as the Industry4WRD policy as well as the government’s goal to double the number of skilled workers from 18% to 35% by 2025, there is a clear interest in developing this sector.

Talents in this sector that possess both technical knowledge and soft skills will continue to be highly sought after by employers across different industries.

Information technology (IT)

It is expected that the implementation of new technologies such as artificial intelligence and big data will be the result of the expansion of Malaysia’s digital ecosystem. In addition, spending on IT products and services is projected to reach RM65.2 billion.

This paints an optimistic picture of the career paths of IT professionals who are equipped with the skill set to leverage these technologies in 2019.

Much like the engineering sector, soft skills such as communication and management will play a decisive factor in the growth of IT professionals, as employers are increasingly seeking individuals with hybrid skills to take on new roles and assist the business in their digital transformation journey.

Banking and Financial Services

2019 will be a year of significant change for the banking and financial services sector. Despite this, the report suggests the sector will see a continued trend of job creation high skilled positions such as financial analysts, prioritizing professionals equipped with the relevant digital competencies.

Moreover, as a result of the signing of a collective agreement by the members of the Malayan Commercial Banks’ Association, various employee groups in local banks will also benefit from adjusted salaries in 2019.

The report also indicates that Human Resources (HR) professionals will continue playing an increasingly important role in the growth of Malaysian businesses.

It was noted that, in the current era, firms face challenges in identifying the right person for the job, as skills deficit continue to be a concern, particularly when it involves digital marketing, e-commerce and big data.

HR leaders should not only improve their hiring processes but must also work closely with their business heads to implement and execute training initiatives to develop their workforce in order to drive business growth.

The Salary Guide was created with the intention of providing both employers and employees with key insights across a wide array of industries and to help them navigate through an increasingly competitive job arena.

Leveraging historical data compiled by the office staffing company, the Guide provides insights on the various sectors in Malaysia and the key jobs to watch for in 2019.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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