Employment Outlook 2012 - Malaysia

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Employment outlook 2012 malaysia

malaysia

Malaysia has a young, moderately well-educated workforce and generally low rates of unemployment, but also has persistent shortages of skilled labour.

The country’s unemployment rates have averaged below 3.5% over the past 14 years. However, 2012 could see a slight increase due to slower industrial output growth. Approximately 90% of the Malaysian workforce is under 30 years of age. Literacy levels are high and those leaving school to enter the job market have at least 11 years of basic education, but 20% of

highly educated Malaysians opt to leave for either OECD countries or Singapore. Further contributing to the skills shortage is the reality that 60% of immigrants have only primary education or less, the number of skilled expatriates has declined by 25% since 2004, and official campaigns have recently rid the country of thousands of illegal foreign workers.

Population

6.5%
2012: 29.3 M 2016: 31.2 M
unemployment

2012: 3.2%

2016: 2.8%

Malaysia’s workforce distribution

0.3%

Government 9% Services 10% Manufacturing and Construction 37% Agriculture 16% Local Trade and Tourism 28%

Source: IHS Global Insight

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malaysia

EMPLOYMENT
The Economic Transformation Plan (ETP) expects to create 3.3 million jobs by 2020. • Renewable energy plants – 50,000 jobs • Oil, gas and energy sectors – 52,300 jobs; with an estimated 21,000 (40%) for qualified professionals such as engineers and geologists. • ICT – 43,162 jobs; with more than 75% of those for high-skilled workers. • Electronics and Electrical – 157,000 jobs • Healthcare – 89,000 jobs • Financial Services – 45,000 jobs, with strong demand for specialized talent in Islamic Finance; business opportunities and baseline growth will result in a further 229,000 jobs created. In the short term, infrastructure construction is ramping up, and along with tourism, palm oil, agriculture, oil and gas, education, manufacturing and logistics, is expected to create 150,000 jobs in 2012. Hot jobs for 2012 include call center professionals such as senior customer service officer, call center team leader, and outbound agent; and sales and marketing professionals in the services sector. The oleochemicals industry aims to create 86 highly-skilled jobs by 2015.

GOVERNMENT ACTION to address skill shortages:
Education: ‘Improving Early Childcare & Education Training’ upscales the provision of private early childcare and education training. The “Human Capital Development” piece of the Economic Transformation Program (ETP) focuses on Public/ Private Partnerships (PPPs) to upskill and upgrade the existing workforce. Immigration: The country has recently begun registering up to 2 million illegal immigrant workers in an amnesty program aimed at managing waves of foreigners seeking unskilled jobs not being filled by Malaysians.

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malaysia

key industries
Automotive • Employed around 321,121 in 2008. • Has 3 car manufacturers, 8 car assemblers, 9 motor assemblers and more than 800 component manufacturers. • The industry is set to strengthen gradually but at a modest pace, in line with regional and global auto demand recovery. Electrical & Electronics • The electrical & electronics (E&E) industry is the leading sector in Malaysia’s manufacturing sector, contributing significantly to the country’s manufacturing output (31%), exports (48.7%) and employment (33.7%). • In 2010, the gross output of the industry totaled USD 55.8 billion (RM 166.2 billion), exports amounted to USD 83.8 billion (RM 249.8 billion) and created employment opportunities for 336,408 people. • Over the years, Malaysia’s E&E industry has developed significant capabilities and skills for the manufacture of a wide range of semiconductor devices including photovoltaic cells and modules, high-end consumer electronics, and information and communication technology (ICT) products. Oil & Gas • The industry is an important sector in Malaysia with investments totaling USD 18 billion (RM 58 billion) in 2010.
Continued next page

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malaysia

key industries continued
Pharmaceuticals/ Biotech/Medical Device Biotech • The biotech market in Malaysia reached USD 212 Million (RM 663 Million) in 2010 and is likely to grow at the CAGR of around 16% to reach US$ 283 Million (RM 885 Million) by 2012. • In 2009, the industry contributed 2% to gross domestic product (GDP) and created more than 54,000 job opportunities. It is estimated that by 2020, the biotechnology industry will contribute 5% to GDP and create over 160,000 employment opportunities. Pharmaceuticals • Pharmaceutical sales were USD 1.40 billion (RM 4.51 billion) in 2010 and are forecast to reach USD 1.61 billion (RM 4.83 billion) in 2011, growing at 7.1% in local currency terms and 14.7% in US dollar terms. In the long term the sector is expected to grow 6.76% through 2019 in local currency terms. • Sectors representing the greatest potential for growth in Malaysia’s pharma/biotech market include: Generics, Treatments for cardiovascular and metabolic diseases, and Oncology. • There are currently 296 manufacturers in Malaysia licensed by the Drug Control Authority. Of these, 87 are licensed to produce pharmaceuticals. There are also another 148 manufacturers licensed to produce traditional medicines and 61 for cosmetics. Medical Device • Seven new Entry Point Projects (EPPs) related to medical devices will create USD 5.6 billion (RM 17.12 billion) in revenue and USD 3.7 billion (RM 11.4 billion) in Gross National Income (GNI) and generate 86,000 jobs by 2020. Renewable Energy • Renewable energy is expected to contribute up to 11% of energy generation in Malaysia by 2020. The sectors with the highest potential for growth are: Solar Energy, Biofuels, Hydrogen Energy, and Fuel Cells.

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SOURCES
IHS Global Insight “Malaysia’s brain drain getting worse, says World Bank, The Malaysian Insider, 04/28/2011 “Past and Future of the Labor Force in Emerging Asian Economies,” Asian Development Bank, 09/2010 “Malaysia starts amnesty for illegal foreign labor,” Associated Press, 08/01/2011 “DEBUNKED! Myths created about the ETP,” etpblog.pemandu.gov.my, 12/23/2011 Market Analysis - etp.pemandu.gov.my APAC Talent Shortages, Kelly Services, 2011 Malaysia Automotive Economy Trends and Outlook, Malaysia Automotive Institute “Malaysia forecast to lead generics, biopharma growth in Asia,” Pharma Times, 06/18/2010 “Recently released market study: Malaysia Pharmaceuticals & Healthcare Report Q1 2011,” PR Inside, 01/08/2011 Malaysian Investment Development Authority Clean Tech in Malaysia Market Profile, New Zealand Trade & Enterprise, 07/2011 “Biotech Industry Receives Rm2.9 Bln Investment Over Four Years,” Malaysia Economic News, 08/09/2010 “The Deep End Of the Labor Pool,” Site Selection Magazine, 09/2011 “Healthcare Projects To Generate Rm17.12 Bln Revenue & 86,000 Jobs By 2020,” Malaysia Economic News, 09/29/2011 “Emerging Biotech Sector in Malaysia,” MarketResearch.com, 02/01/2011 “The pros and cons of Malaysia pharmaceuticals market assessed,” ThePharmaLetter, 07/27/2011

About Kelly Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a leader in providing workforce solutions. Kelly® offers a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire and direct-hire basis. Serving clients around the globe, Kelly provides employment to more than 550,000 employees annually. Revenue in 2011 was $5.6 billion. Visit www.kellyservices.com and connect with us on Facebook, LinkedIn, & Twitter.

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