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Author: savemalaysia   |   Latest post: Wed, 16 Jan 2019, 06:16 PM

 

Mid-Term Review: Pillar IV on boosting people power (aka human capital)

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PETALING JAYA: The Mid-Term Review (MTR) of the 11th Malaysia Plan (11MP) unveiled by Prime Minister Tun Dr Mahathir Mohamad looks at six pillars or key thrusts that the Pakatan Harapan government is addressing. Here, we look at Pillar IV.

Pillar IV: Empowering Human Capital

Human capital development will continue to be a key priority to empower the workforce in supporting economic growth.

Focus will be given to create skilful, knowledgeable and innovative human capital to meet the requirements of the industry. Human capital development initiatives will provide opportunities for quality employment as well as ensure access to quality education and training towards building a more inclusive, equitable and prosperous nation. 

These will be implemented through four priority areas, namely reforming the labour market, improving labour efficiency and productivity, enhancing access to quality education and training, as well as fostering stronger industry-academia linkages.

Priority Areas and Strategies

The government will intensify efforts in addressing issues of inadequate creation of skilled jobs, low wage growth, high youth unemployment rate and graduate underemployment as well as skills mismatch.

Several initiatives will be undertaken to generate more skilled jobs, identify critical skills and address skills shortages as well as raising salaries and wages commensurate with productivity levels.

Efforts will also be undertaken to reduce the dependency on foreign workers by promoting greater automation and to strictly regulate the number of foreign workers by introducing multi-tiered levies.

In addition, labour efficiency and productivity will be improved by strengthening workers’ rights to enhance work conditions as well as increasing female participation in the labour force to expand the talent pool.

Continuous efforts will be undertaken in ensuring access to quality education and training that are inclusive and equitable. Students will be equipped with knowledge and diverse skills across all education levels to increase employability.

Priority will also be given to raising the quality of education to improve student outcomes in preschool, primary and secondary education.

Meanwhile, concerted efforts will be directed at raising the quality of graduates as well as academic programmes and strengthening research capabilities.

In addition, the autonomous status of public universities will be leveraged to ensure financial sustainability.

Efforts will also be intensified to improve the quality of TVET (Technical and Vocational Education and Training) in improving employability of TVET graduates.

Emphasis will be given on reviewing the TVET programmes being offered, implementing a harmonised accreditation system, and strengthening TVET as a preferred education pathway.

The implementation of these initiatives will ensure the delivery of quality TVET programmes and employability of TVET graduates.

In addition, greater industry collaboration will be intensified to uplift the level of education and training to produce quality talent. 

 

https://www.thestar.com.my/news/nation/2018/10/18/mid-term-review-pillar-iv-on-boosting-people-power-aka-human-capital/

 

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