The problems faced by businesses and manpower agencies in Malaysia

0
1K

The global talent shortage is a major issue that the business world is facing. A recent study found that there is a shortage of 85 million workers in the global economy. The report states that, by 2030, there will be demand for 217 million more workers at all skill levels to meet the needs of the growing global economy.

The Malaysian workforce is growing at rapid rates (from 4.6 million in 1980 to 29 million in 2017) with an average annual growth of 3.65%. However, the Malaysian population is still expected to grow at an annual growth rate of 1.5%. This means that by the year 2030, the total Malaysian workforce will be about 47.3 million, with an estimated shortage of 13 million skilled professionals.

To address this issue, various corporations are turning to manpower agencies. These corporations can hire people with skillsets that vary based on their current needs. However, manpower agencies are also having a tough time trying to find employees for their clients. The major issue is the cost of hiring. There are also ever-changing government policies which makes it difficult for them to predict what will happen so they can plan ahead.

The manpower agency needs a solution quickly and efficiently to solve their recruitment woes. The manpower agency in Malaysia needs a solution to find the best talent available. The traditional method of advertising doesn't work anymore and there isn't a platform where employers can find qualified workers for their business. HR managers have been scouting for talent in the past, but that takes too much time and resources, not to mention money. The workforce has been shrinking rapidly in Malaysia because of this problem.

This is the major problem faced by many medium-sized companies - they need creativity from different people with different skillsets, but it's hard to find them in a pool of applicants who are not qualified or don't have the relevant skillsets. To solve this problem, manpower agencies Malaysia are providing a platform where employers can find qualified workers quickly while also increasing the talent pool.

In the past, businesses and government authorities had a clear direction of how to solve this issue. However, the recent changes in the market have made it difficult for them to come up with a long-term solution. The agencies are having a lot of trouble finding enough manpower and workforce even though they have been working diligently on trying to solve this problem. And if we don't come up with a perfect solution soon, this will never get solved.

In order to resolve these issues together, we need to have good policy and figure out what is best for everyone involved. The government needs to set up a clear direction for this issue, which will be followed by the business and agencies. All three parties need to work together in order to come up with a perfect solution.

Search
Sponsored
Categories
Read More
Food
Exploring the Best Organic Mustard Honey Exporters from India: A Comparative Analysis with Acacia, Wild Forest, and Polyfloral Varietals
Introduction: In recent years, the demand for organic honey has witnessed a sizable surge, with...
By Barring Family International 2024-03-02 07:50:39 0 951
Other
Изготовление подарков и сувениров – эксклюзивная продукция от ЛазДио
Творческая мастерская ЛазДио - https://vk.com/lazdio предлагает подарки и сувениры собственного...
By Alexei Fokin 2023-04-06 10:48:42 0 1K
Health
Wheelchair Market Size Outlook, Forecast, Growth Analysis and Cost Structure Till 2030
Market Synopsis: Market Research Future (MRFR)’s latest analysis reveals that the global...
By Riya Joshi 2022-11-08 05:09:47 0 1K
Art
IAPP CIPM Valid Exam Format - CIPM New Dumps Questions
IAPP CIPM Valid Exam Format We are powerful and old company which has good reputation in this...
By Pzti79hv Pzti79hv 2022-12-09 03:04:20 0 1K
Other
Wine ecommerce Technology - Tekki Web Solution Inc.
We are announcing the game-changing wine ecommerce technology from Tekki Web Solutions for...
By Tekki Web Solutions 2024-04-04 05:42:58 0 777