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malaysia
Malaysia has a young, moderately well-educated workforce and generally low rates of unemployment, but also has persistent shortages of skilled labour.
The countrys unemployment rates have averaged below 3.5% over the past 14 years. However, 2012 could see a slight increase due to slower industrial output growth. Approximately 90% of the Malaysian workforce is under 30 years of age. Literacy levels are high and those leaving school to enter the job market have at least 11 years of basic education, but 20% of
highly educated Malaysians opt to leave for either OECD countries or Singapore. Further contributing to the skills shortage is the reality that 60% of immigrants have only primary education or less, the number of skilled expatriates has declined by 25% since 2004, and official campaigns have recently rid the country of thousands of illegal foreign workers.
Population
6.5%
2012: 29.3 M 2016: 31.2 M
unemployment
2012: 3.2%
2016: 2.8%
0.3%
Government 9% Services 10% Manufacturing and Construction 37% Agriculture 16% Local Trade and Tourism 28%
malaysia
EMPLOYMENT
The Economic Transformation Plan (ETP) expects to create 3.3 million jobs by 2020. Renewable energy plants 50,000 jobs Oil, gas and energy sectors 52,300 jobs; with an estimated 21,000 (40%) for qualified professionals such as engineers and geologists. ICT 43,162 jobs; with more than 75% of those for high-skilled workers. Electronics and Electrical 157,000 jobs Healthcare 89,000 jobs Financial Services 45,000 jobs, with strong demand for specialized talent in Islamic Finance; business opportunities and baseline growth will result in a further 229,000 jobs created. In the short term, infrastructure construction is ramping up, and along with tourism, palm oil, agriculture, oil and gas, education, manufacturing and logistics, is expected to create 150,000 jobs in 2012. Hot jobs for 2012 include call center professionals such as senior customer service officer, call center team leader, and outbound agent; and sales and marketing professionals in the services sector. The oleochemicals industry aims to create 86 highly-skilled jobs by 2015.
malaysia
key industries
Automotive Employed around 321,121 in 2008. Has 3 car manufacturers, 8 car assemblers, 9 motor assemblers and more than 800 component manufacturers. The industry is set to strengthen gradually but at a modest pace, in line with regional and global auto demand recovery. Electrical & Electronics The electrical & electronics (E&E) industry is the leading sector in Malaysias manufacturing sector, contributing significantly to the countrys manufacturing output (31%), exports (48.7%) and employment (33.7%). In 2010, the gross output of the industry totaled USD 55.8 billion (RM 166.2 billion), exports amounted to USD 83.8 billion (RM 249.8 billion) and created employment opportunities for 336,408 people. Over the years, Malaysias E&E industry has developed significant capabilities and skills for the manufacture of a wide range of semiconductor devices including photovoltaic cells and modules, high-end consumer electronics, and information and communication technology (ICT) products. Oil & Gas The industry is an important sector in Malaysia with investments totaling USD 18 billion (RM 58 billion) in 2010.
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malaysia
SOURCES
IHS Global Insight Malaysias brain drain getting worse, says World Bank, The Malaysian Insider, 04/28/2011 Past and Future of the Labor Force in Emerging Asian Economies, Asian Development Bank, 09/2010 Malaysia starts amnesty for illegal foreign labor, Associated Press, 08/01/2011 DEBUNKED! Myths created about the ETP, etpblog.pemandu.gov.my, 12/23/2011 Market Analysis - etp.pemandu.gov.my APAC Talent Shortages, Kelly Services, 2011 Malaysia Automotive Economy Trends and Outlook, Malaysia Automotive Institute Malaysia forecast to lead generics, biopharma growth in Asia, Pharma Times, 06/18/2010 Recently released market study: Malaysia Pharmaceuticals & Healthcare Report Q1 2011, PR Inside, 01/08/2011 Malaysian Investment Development Authority Clean Tech in Malaysia Market Profile, New Zealand Trade & Enterprise, 07/2011 Biotech Industry Receives Rm2.9 Bln Investment Over Four Years, Malaysia Economic News, 08/09/2010 The Deep End Of the Labor Pool, Site Selection Magazine, 09/2011 Healthcare Projects To Generate Rm17.12 Bln Revenue & 86,000 Jobs By 2020, Malaysia Economic News, 09/29/2011 Emerging Biotech Sector in Malaysia, MarketResearch.com, 02/01/2011 The pros and cons of Malaysia pharmaceuticals market assessed, ThePharmaLetter, 07/27/2011
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