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Malaysia – Employers focused on hiring talent with digital skills in 2019, Jobstreet finds

08 February 2019

The majority, or 96%, of employers in Malaysia, believe that the talent landscape will change in 2019 with the shift to a digital economy, according to Jobstreet’s Job Outlook 2019 report. The report indicates that in the shift towards a digital economy, employers are adopting a forward-thinking view with a strong intent to hire talent with digital skills.

The shift in view is mainly due to a rising demand for talent with digital skills but limited supply in the market as more and more organisations embark on their digital transformation journeys. Jobstreet’s report also showed that 60% of employers reported that they have implemented some form of digital transformation initiatives or projects, with the remaining of employers surveyed in various stages of planning and starting their projects.

With the wave of organisations adopting technologies to be ahead, 43% of the employers surveyed who are embarking on a digital transformation journey are looking to grow their talent pool with skilled talent to drive business growth specifically in areas such as IT/Computing, Digital Marketing and Research & Development.

“Organisations must strengthen their innovation and technology capabilities to capitalise on growth, and they need skilled talent to support that business growth,” Gan Bock Herm, Country Manager of JobStreet.com Malaysia, said. “The Job Outlook 2019 survey shows that while 29% of employers surveyed are looking to hire new talent externally for the skills the business needs, a large majority of employers surveyed cited their willingness to invest in retraining and upskilling existing employees.”

The top three initiatives that employers are putting in place to retain their employees include an increase in on-the-job training opportunities for new skillsets, providing formal training development programs to upskill and retrain, and investing in digital technology and processes.

“Organisational transformation in the digital economy is more than simply automating processes in an organisation; it’s about synergising technology advancements with talent to drive business growth,” Bock Herm said. “This calls for the need for HR professionals to have an in-depth understanding of advancing technology and its possibilities to reinvent talent acquisition and retention strategies to transform the workforce.”

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