Employment Outlook 2012 - Malaysia

7/30/2019 Employment Outlook 2012 - Malaysia

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EmploymEntoutlook 2012

malaysia


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Malaysia has a young,

moderately well-educated

workforce and generally

low rates of unemployment,

but also has persistent

shortages of skilled labour.

malaysia

population

unEmploymEnt

2012: 29.3 m 2016

6

2012: 3.2% 201

0

2

malaysias workforcE distribution

Gemet 9%

Seces 10%

Mafactg a Cstct 37%

Agclte 16%

Lcal Tae a Tsm 28%

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% o the Malaysian

workorce is under 30 years o age. Literacy

levels are high and those leaving school

to enter the job market have at least

11 years o basic education, but 20% o

highly educated Malaysians opt to leave

or either OECD countries or Singapore.

Further contributing to the skills shortage

is the reality that 60% o immigrants

have only primary education or less,

the number o skilled expatriates has

declined by 25% since 2004, and ofcial

campaigns have recently rid the country

o thousands o illegal oreign workers.

Source: IHS Global Insight


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malaysia

GoVErnmEnt action to

addrEss skill shortaGE

EduCATion:

Improving Early Childcare & Ed

Training upscales the provision

early childcare and education tr

The Human Capital Developm

piece o the Economic Transorm

Program (ETP) ocuses on Public

Private Partnerships (PPPs) to upand upgrade the existing worko

iMMiGrATion:

The country has recently begun

up to 2 million illegal immigrant

an amnesty program aimed at m

waves o oreigners seeking uns

jobs not being flled by Malaysi

33

EmploymEnt

The Economic Transormation Plan (ETP)

expects to create 3.3 million jobs by 2020.

Renewableenergyplants50,000jobs

Oil,gasandenergysectors52,300

jobs; with an estimated 21,000 (40%)

or qualifed proessionals such

as engineers and geologists.

ICT43,162jobs;withmorethan75%

o those or high-skilled workers.

ElectronicsandElectrical157,000jobs

Healthcare89,000jobs

FinancialServices45,000jobs,with

strong demand or specialized talent in

Islamic Finance; business opportunities

and baseline growth will result in a

urther 229,000 jobs created.

In the short term, inrastructure construction

is ramping up, and along with tourism,

palm oil, agriculture, oil and gas, education,

manuacturing and logistics, is expected to

create 150,000 jobs in 2012. Hot jobs or

2012 include call center proessionals such

as senior customer service ofcer, call center

team leader, and outbound agent; and sales

and marketing proessionals in the services

sector. The oleochemicals industry aims

tocreate86highly-skilledjobsby2015.


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malaysia

kEy industriEs

AuToMoTivE Employedaround321,121in2008.Has3carmanufacturers,8carassemblers,9motorassemblersandmorethan800componentmanufacturers.

Theindustryissettostrengthengraduallybutatamodestpace,inlinewithregionalandglobalautodemandrecovery.

ELECTriCAL &

ELECTroniCS

Theelectrical&electronics(E&E)industryistheleadingsectorinMalaysiasmanufacturingsector,contributing

signicantlytothecountrysmanufacturingoutput(31%),exports(48.7%)andemployment(33.7%).

In2010,thegrossoutputoftheindustrytotaledUSD55.8bill ion(RM166.2billion),exportsamountedto

USD83.8billion(RM249.8billion)andcreatedemploymentopportunitiesfor336,408people.

Overtheyears,MalaysiasE&Eindustryhasdevelopedsignicantcapabilitiesandskillsforthemanufactureofawiderangeofsemiconductordevices

including photovoltaic cells and modules, high-end consumer electronics, and inormation and communication technology (ICT) products.

oiL & GAS TheindustryisanimportantsectorinMalaysiawithinvestmentstotalingUSD18billion(RM58billion) in2010.

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ConTinuEd n


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malaysia

kEy industriEs continuEd

phArMACEuTiCALS/BioTECh/MEdiCAL

dEviCE

BioTECh

ThebiotechmarketinMalaysiareachedUSD212Million(RM663Million) in2010andislikelytogrow

attheCAGRofaround16%toreachUS$283Million(RM885Million)by2012.

In2009,theindustrycontributed2%togrossdomesticproduct(GDP)andcreatedmorethan54,000jobopportunities.Itisestimated

that by 2020, the biotechnology industry will contribute 5% to GDP and create over 160,000 employment opportunities.

phArMACEuTiCALS

PharmaceuticalsaleswereUSD1.40billion(RM4.51billion)in2010andareforecasttoreachUSD1.61bil lion(RM4.83billion) in2011,growingat7.1

inlocalcurrencytermsand14.7%inUSdollarterms.Inthelongtermthesectorisexpectedtogrow6.76%through2019inlocalcurrencyterms.

SectorsrepresentingthegreatestpotentialforgrowthinMalaysiaspharma/biotechmarketinclude:

Generics, Treatments or cardiovascular and metabolic diseases, and Oncology.

Therearecurrently296manufacturersinMalaysialicensedbytheDrugControlAuthority.Ofthese,87arelicensedtoproduce

pharmaceuticals.Therearealsoanother148manufacturerslicensedtoproducetraditionalmedicinesand61forcosmetics.

MEdiCAL dEviCE

SevennewEntryPointProjects(EPPs)relatedtomedicaldeviceswillcreateUSD5.6bill ion(RM17.12billion)inrevenue

andUSD3.7billion(RM11.4billion)inGrossNationalIncome(GNI)andgenerate86,000jobsby2020.

rEnEwABLE EnErGy Renewableenergyisexpectedtocontributeupto11%ofenergygenerationinMalaysiaby2020.Thesectorswith

the highest potential or growth are: Solar Energy, Biouels, Hydrogen Energy, and Fuel Cells.

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about kElly

KellyServices,Inc.(NASDAQ:KELYA,KELYB)isaleaderinprovidingworkforce

solutions. Kelly oers a comprehensive array o outsourcing and consulting

services as well as world-class stafng on a temporary, temporary-to-hire and

direct-hire basis. Serving clients around the globe, Kelly provides employmenttomorethan550,000employeesannually.Revenuein2011was$5.6billion.

Visit www.kellyservices.com and connect with us on Facebook, LinkedIn,&Twitter.

sourcEs

IHS Global Insight

Malaysiasbraindraingettingworse,saysWorldBank,TheMalaysianInsider,04/28/2011

Past and Future o the Labor Force in Emerging Asian Economies, Asian Development Bank, 09/2010

Malaysiastartsamnestyforillegalforeignlabor,AssociatedPress,08/01/2011

DEBUNKED!MythscreatedabouttheETP,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 InstituteMalaysiaforecasttoleadgenerics,biopharmagrowthinAsia,PharmaTimes,06/18/2010

Recentlyreleasedmarketstudy:MalaysiaPharmaceuticals&HealthcareReportQ12011,PRInside,01/08/2011

Malaysian Investment Development Authority

CleanTechinMalaysiaMarketProle,NewZealandTrade&Enterprise,07/2011

BiotechIndustryReceivesRm2.9BlnInvestmentOverFourYears,MalaysiaEconomicNews,08/09/2010

The Deep End O the Labor Pool, Site Selection Magazine, 09/2011

HealthcareProjectsToGenerateRm17.12BlnRevenue&86,000JobsBy2020,MalaysiaEconomicNews,09/29/2011

EmergingBiotechSectorinMalaysia,MarketResearch.com,02/01/2011

TheprosandconsofMalaysiapharmaceuticalsmarketassessed,ThePharmaLetter,07/27/2011
http://www.kellyservices.com/http://www.facebook.com/kellyserviceshttp://www.linkedin.com/company/kellyserviceshttp://twitter.com/kellyserviceshttp://twitter.com/kellyserviceshttp://www.linkedin.com/company/kellyserviceshttp://www.facebook.com/kellyserviceshttp://www.kellyservices.com/

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Employment Outlook 2012 - Malaysia