Monitoring Occupational Shortages : Lessons from Malaysia's Critical Occupations List
Many emerging economies have skills shortages but fail to effectively deploy students andjob seekers towards filling those shortages. In emerging economies, new technologies,digitization, automation, and other trends like Industry 4.0 result in a c...
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| Format: | Report |
| Language: | English |
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World Bank, Malaysia
2019
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| Online Access: | http://documents.worldbank.org/curated/en/877271568138256963/Monitoring-Occupational-Shortages-Lessons-from-Malaysias-Critical-Occupations-List http://hdl.handle.net/10986/32413 |
| Summary: | Many emerging economies have skills
shortages but fail to effectively deploy students andjob
seekers towards filling those shortages. In emerging
economies, new technologies,digitization, automation, and
other trends like Industry 4.0 result in a constantly
changing demandfor sophisticated skills. In this
environment, there are often students and job seekers who
couldpotentially fill skills gaps but face significant
challenges in identifying job opportunities andthe skills
needed to obtain them. The schools, training centers, and
public service providers thatare responsible for preparing
the workforce to fill skills gaps often face similar
challenges in terms of deploying attention and resources
towards filling those gaps. In Malaysia, the Critical Skills
Monitoring Committee (CSC) is charged with producing a
Critical Occupations List to serve as a platform for
coordinating human capital development policies. The CSC is
a specialized interagency body that was established as part
of the Eleventh Malaysia Plan to monitor skills imbalances
in Malaysia. To do so, the CSC created an annual Critical
Occupations List (COL) of occupations that are middle- or
highskilled, sought-after, and strategic. The COL has
evolved during the last several years to become a
best-practice tool for monitoring skills. The COL is updated
regularly and improved continually, is based on rigorous
evidence, and is widely circulated. The production of the
list is undertaken by the CSC and incorporates a wide range
of input from both the public and private sector. |
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