New technologies, digitization, and automation are having a profound impact on the demand for workers across the world. New types of work are emerging, expectations of workers’ skills are changing, and some jobs are disappearing. In this environment, policymakers need to be a bit like football managers in the off season: identifying where last year’s team came up short and working to fill the gaps through training and new hires.
Labor market shortages can disrupt economic growth, reduce output, and undermine productivity growth. If shortages persist in the long run, countries can become less competitive because businesses lack the talent to innovate. Identifying labor market shortages as they arise and developing strategies to fill them is therefore important to maintain productivity and competitiveness. Many countries around the world experience labor shortages, and Malaysia is no exception. Surveys found that the most difficult professionals to recruit are senior management candidates in sales, accountancy and finance, engineering, marketing, operations and human resources
Malaysia has skill shortages in a variety of fields listed below.
- Quality control manager
- Market research manager
- Communication Manager
- Data Analyst
- Data scientist
- Big Data engineer etc.