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Businesses across Asia are struggling to find skilled workers, according to the latest Thornton International Business Report. 68% of businesses across Malaysia struggle to recruit suitably skilled candidates, coming third in Asia behind 86% of businesses in Vietnam and 76% of the Philippines with similar difficulties.
“A business is nothing without is people, just as a strategy is nothing without the people to drive it forward. The best people boost productivity, save a business time and money, and ultimately grow the organisation. The shortage of skilled workers reported by business leaders should therefore, provoke real concern, especially at a time when unemployment is running high in many mature markets,” said Datuk NK Jasani, managing partner of SJ Grant Thornton, Malaysia.
Technology and cleantech, as the fasted moving sectors, are those struggling most to find suitable candidates. Malaysia is currently targeting to have 37% of its workforce as skilled workers by 2015, in order to reach its goal to be a developed nation by 2020. As of 2011, the level of skilled workers was 23%.
Oil and gas is another industry with too few skilled workers, estimating that an additional 40,000 skilled workers will be needed by 2015. The construction and property sectors have also been badly affected by the skills shortage.