ID :
195023
Thu, 07/14/2011 - 12:33
Auther :
Shortlink :
https://oananews.org//node/195023
The shortlink copeid
CORPORATE MALAYSIA MUST UP THE ANTE TO RETAIN TALENT
KUALA LUMPUR, July 14 (Bernama) -- In the rat race to secure talent, corporate Malaysia must up the ante in retaining employees in the face of stiffer competition and shifting global human mobility.
"Good news is that we have great talent in Malaysia, but bad news is that everyone wants them, so it is really incumbent on all of us to perhaps try harder (to attract them)," said Talent Corporation Malaysia Bhd Chief Executive Officer Johan Mahmood Merican.
Previously, he said employers might have the luxury to be selective, as the talent pool was within the country, but with greater global human mobility now, employers need to value their talent and ensure a rewarding career for them.
"We do have great job opportunities in key sectors identified for growth in the Economic Transformation Programme (but) the challenge is how to attract and retain our best talents," he said at the Jobstreet.com human resource networking event here Thursday.
Describing the intense global competition for skilled human resource as a war for talent, Johan said it was imperative for Malaysia to do whatever it takes to meet the talent needs for the country's economic transformation, more so with 214 million international migrants worldwide.
Jobstreet also revealed that it recorded about 21,000 job postings in June, which was 35 per cent higher than in June last year, a reflection of a healthy job market.
Local employers were facing a much tighter labour market in sectors like retail, manufacturing, information and communications technology (ICT), construction and financial services.
These were among the top industries where the fight for talent intensifies.
"From a job seeker's perspective, the number of opportunities is growing, and labour mobility is high with Singapore, Hong Kong and China attracting a lot of Malaysians."
"Emerging new markets like Indonesia are also attracting local talents as Malaysians are well versed in different languages," said Jobstreet Chief Operating Officer Suresh Thiru, who was also at the event.
He said Malaysia was in such an enviable position in view that in some developed economies like the United States and Europe were experiencing escalating unemployment rates.
PricewaterhouseCoopers General Manager for Human Capital, Salika Suksuwan, echoed Talent Corp's sentiment, saying that most companies were confronted with talent scarcity and human capital retainment issues.
"The challenge now for employers is to remain as the employer of choice. While we don't really have an issue of recruiting good graduates, the key is to become the employer of choice for these quality graduates," she said.
Companies were now getting more creative and aggressive in their recruitment to reach out to the best graduates in local universities and also overseas.
"We are trying to work closely with Talent Corp and see how we can
consolidate our efforts and work on various outreach programmes to attract these graduates, rather than working on our own," said Salika.
In efforts to address its talent scarcity issue, Advance Micro Devices (AMD) Human Resource Director Param Moorthi said that the company started its own seeding programmes, where it grooms its current employees and develop them to the positions needed.
"With the global integrated circuits supplier (AMD) based here, it is a testimony that Malaysia offers great opportunities and talent to support our operations," he said.
"Good news is that we have great talent in Malaysia, but bad news is that everyone wants them, so it is really incumbent on all of us to perhaps try harder (to attract them)," said Talent Corporation Malaysia Bhd Chief Executive Officer Johan Mahmood Merican.
Previously, he said employers might have the luxury to be selective, as the talent pool was within the country, but with greater global human mobility now, employers need to value their talent and ensure a rewarding career for them.
"We do have great job opportunities in key sectors identified for growth in the Economic Transformation Programme (but) the challenge is how to attract and retain our best talents," he said at the Jobstreet.com human resource networking event here Thursday.
Describing the intense global competition for skilled human resource as a war for talent, Johan said it was imperative for Malaysia to do whatever it takes to meet the talent needs for the country's economic transformation, more so with 214 million international migrants worldwide.
Jobstreet also revealed that it recorded about 21,000 job postings in June, which was 35 per cent higher than in June last year, a reflection of a healthy job market.
Local employers were facing a much tighter labour market in sectors like retail, manufacturing, information and communications technology (ICT), construction and financial services.
These were among the top industries where the fight for talent intensifies.
"From a job seeker's perspective, the number of opportunities is growing, and labour mobility is high with Singapore, Hong Kong and China attracting a lot of Malaysians."
"Emerging new markets like Indonesia are also attracting local talents as Malaysians are well versed in different languages," said Jobstreet Chief Operating Officer Suresh Thiru, who was also at the event.
He said Malaysia was in such an enviable position in view that in some developed economies like the United States and Europe were experiencing escalating unemployment rates.
PricewaterhouseCoopers General Manager for Human Capital, Salika Suksuwan, echoed Talent Corp's sentiment, saying that most companies were confronted with talent scarcity and human capital retainment issues.
"The challenge now for employers is to remain as the employer of choice. While we don't really have an issue of recruiting good graduates, the key is to become the employer of choice for these quality graduates," she said.
Companies were now getting more creative and aggressive in their recruitment to reach out to the best graduates in local universities and also overseas.
"We are trying to work closely with Talent Corp and see how we can
consolidate our efforts and work on various outreach programmes to attract these graduates, rather than working on our own," said Salika.
In efforts to address its talent scarcity issue, Advance Micro Devices (AMD) Human Resource Director Param Moorthi said that the company started its own seeding programmes, where it grooms its current employees and develop them to the positions needed.
"With the global integrated circuits supplier (AMD) based here, it is a testimony that Malaysia offers great opportunities and talent to support our operations," he said.
