HRBoss Blog

High Income Malaysia by 2020?

In the recent Randstad Workmonitor Q3 report, it was found that 86% of Malaysian Employees indicated that there was a significant change in their job requirements over the last 5 years. 91% of them expected their jobs to be more demanding in the next 5 years and 95% were willing to put in extra efforts to develop their skills in order to meet the demand. Besides that, Malaysia has also increased their workplace expectations as compared to countries like Singapore, Hong Kong, Australia and New Zealand. As reflected in the report, Malaysian aims for improvement in skills and workplace productivity.

 

In line with our goal of becoming a high income nation by year 2020, performance and talent management has become crucial to enhance overall productivity in the workplace, both employers and employees play an important role to achieve this goal.

For employers, it’s essential for them to assist their employees to see the value in up-skilling and ensuring their knowledge corresponds to their role and responsibilities. Employers should proactively provide and enroll their employees in trainings, refresher courses and career advancement programs as these could be a means developing their skills and help in career progression . Information Technology is moving at such a rapid pace, companies should be more open minded and flexible in exploring the latest technologies, digital skills or digitals tools that can improve not only their people’s productivity but also drive the company’s businesses. With the current business trends, social media is no longer an option but a pre-requisite to remain current, competitive and to help drive the business forward.

As for employees, attitude is the most important criteria to focus on. An ‘Always-Ready-For-Change’ attitude is especially important in a fast track working environment where change is inevitable. Accepting changes in business processes, business practices, market trends and flexibility to adapt makes an employee much more sought after. Individuals should stay motivated and grab opportunities to learn and improve their skill set, knowledge and performance, or be at a risk of being ‘left behind’. It is crucial for individuals to build up their confidence level in order for them to remain competitive and current for their role.

In conclusion, constant communication between an employer and employee to gather feedback and ideas is as equally as important to ensure everyone has similar aspirations of achieving the same goal and is moving towards the same direction.