Workforce keep tabs on tech to remain relevant
AS Malaysia continues facing rapid advancement in technology, it is vital that the workforce know how to relate and interact with the different digitalization methods.
World Bank Group economist Dr. Amanina Abdur Rahman said knowing what technological skills are needed for the work prospect will play a big role, as 50% of jobs in the market today demand digital skills.
“It is about whether the workforce can interact, Malaysian employers are increasingly demanding digital skills. Even for occupations that are not technology-heavy, there are requirements for lower-level digital skills,” she said during the Malaysia Board of Technologist’s virtual Accelerating Nations High-Skilled Talent webinar recently.
According to Amanina, there has been many questions on whether digitalization will eliminate the need for a human workforce.
“Half the jobs today is at risk but that doesn’t necessarily mean there is technology for every job. This is because the depth of technology penetration is not something all firms can adopt at the same time due to the cost element as well as regulatory restrictions,” she said.
Amanina added that another challenge is the slow income growth factor.
“Despite Malaysia’s human capital being in line with what an income would predict, it is still lower than our transitional peers in the last few years as well as the aspirational peers. This is a cause for concern.”