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THE challenge in improving the countrys workforce does not stop at upgrading and upskilling the employees.
BY now, most people would have heard of the term middle-income trap. This describes a situation where a nation makes rapid progress in terms of economic growth and in increasing incomes from a low base, but is unable to make that final leap to becoming a high-income nation.
Having sufficient talent for economic development is a priority. Issues regarding the quality of talent in the country plus the ability to retain and attract not just Malaysians but foreigners is a tough task for TalentCorp CEO Johan Mahmood Merican. He gives his answers to StarBizWeek on a number of issues. Below is an excerpt of his answers.
PUTRAJAYA: Talent Roadmap 2020 is set to ensure a large pool of professionals to meet the needs of an advancing Malaysia, especially in the critical areas of the Economic Transformation Programme.
PUTRAJAYA: Beginning this year, the award of scholarships will be based on the need for scholars to meet their bond obligations upon graduation, by securing employment either with the public sector or an approved private sector company in Malaysia, the prime minister said.