HR Minister Addresses 3 Major Challenges Impacting Malaysia’s Labour Market
24 Jan 2025
The Human Resources Minister has highlighted 3 critical challenges currently affecting Malaysia's labour market. These include low wages, a persistent mismatch between workers’ skills and job requirements, and a lack of sufficient job opportunities. These issues are creating significant strain on the workforce, impacting both employees and employers alike, and pose a barrier to sustainable economic growth.
Low wages have remained a long-standing concern, making it difficult for many Malaysians to meet rising living costs and diminishing the attractiveness of local job markets. Meanwhile, the mismatch between skills and job requirements has led to a scenario where many job seekers are unable to find roles that match their qualifications, while employers struggle to fill vacancies requiring specialized skills. The lack of sufficient job opportunities further compounds these problems, leaving many Malaysians underemployed or unemployed.
The minister has emphasized the need for collaborative efforts from both the public and private sectors to address these challenges. Solutions such as raising minimum wages, aligning education and training programs with industry demands, and fostering job creation through targeted policies will be crucial to improving the situation. These measures aim to create a more robust and competitive labour market that benefits all Malaysians, particularly the younger generation entering the workforce.
For more in-depth coverage and insights into these challenges and their potential solutions, read the full article here: