corporate

TalentCorp launches report to help bridge talent demand and supply gaps

KUALA LUMPUR: Talent Corporation Malaysia Bhd (TalentCorp) has launched the first volume of its Sector-Focused Industry-Academia Collaboration (IAC) Workshop report to bridge talent demand and supply gaps while cultivating a high-calibre future workforce.

The report carries the compilation of findings and insights from TalentCorp's 10 IAC workshops in 2022 in the following sectors: science, technology, engineering, and mathematics (STEM), tourism, animation & gaming,electrical & electronics, medical and healthcare, fast-moving consumer goods, information and communications technology, biotechnology, logistics, and oil & gas services and equipment (OGSE).

A total of 550 representatives from the industry, academia, and professional bodies had attended the workshops, where each report from the workshop outlines the respective sector overview, talent challenges, in-demand skills, case studies, and recommendations for the way forward.

Human Resources Minister V. Sivakumar said TalentCorp's efforts brought together key industry and academia stakeholders to address talent challenges and identify potential solutions through the exchange of knowledge, insights and experience. 

"This enables the government to gather diverse perspectives while formulating policies.  "The findings from the TalentCorp Sector-Focused IAC Workshop Report are key in helping policymakers understand the practical implications of their decisions and make policies that are more effective, feasible, and conducive to spur economic growth," he said during the launch event.

Sivakumar also referenced the TalentCorp's Future Skills Talent Council as a strategy in line with the government.

He cited Prime Minister Datuk Seri Anwar Ibrahim, who recently said that the government's approach is to encourage the private sector's involvement in spearheading skills centres. 

"This is seen as a crucial step to match the new workforce's skills and capabilities to industry's needs," he noted.

Meanwhile, TalentCorp group chief executive officer Thomas Mathew said the motivation to address talent gaps within the Malaysian talent ecosystem prompted the creation of the initial 10 IAC workshops.

He added that the IAC report is a reference document for anyone who wants to start working with the government, industry players, and academia to talent solution for the country. 

"At TalentCorp, we have started using the insights and findings to ensure that our new initiatives, such as the sector-based Future Skills Talent Council, is strategically aligned to industry and the nation's needs," he said.

The launch ceremony was held in conjunction with a HR Leaders Circle Luncheon with over 90 senior HR leaders.

At the event, TalentCorp also held an exchange of Memorandum of Understanding (MoU) with the Asean Human Development Organisation (AHDO) to strengthen the agency's footprint and networks at a regional level.

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