CG
Human Resources & Recruitment Firm
Foreign Workers in Malaysia: Assessment of their Economic Effects and Review of the Policy9/18/2023 Malaysia's strong economic expansion, along with labour market needs for unskilled workers, has kept migrant workers from surrounding nations coming here. The primary pull and push factors driving the current migration include discrepancies in development differentials and entire educational inequalities between Malaysia's labour forces and those of its more populous neighbours, like the Indonesia and the Philippines patterns.
These economic factors must be considered when developing appropriate policy. An rapid disruption in foreign unskilled labour supply could have unanticipated economic consequences. Because unemployment is low and the vast majority of Malaysian laborers do not fight with foreign workers, the benefits of a decrease in the inflow of foreign labour to local workers are minimal. As a result, the government is strongly encouraged to examine its foreign worker programme and develop nuanced policies to meet the economy's specific demands by industry and human capital category. Without the cost benefits afforded by low-skilled low-priced labour, a large number of enterprises in labor-intensive sectors would not exist. foreign workers Given the activities and industries in which some of these organisations operate (poor value created), they may keep relying significantly on low skill (cheap cost) foreign labour for the foreseeable future. Without foreign labour, many industries would simply vanish, leaving a considerable proportion of mid-skilled local employees unemployed in the short to mid term. On the top end of the job market, also there are skill shortages. The education and training systems require a long time to create new core competencies. To avoid bottlenecks, the government may be forced to rely on foreign expertise to cover these vocational gaps. To attract and retain skilled foreign employees, particularly university students, the government should investigate more open entry regimes and long-term opportunities. Another clear lesson to emerge is the importance of investing in the collection of reliable, high-quality, consistent, and extensive data on all workers—local and foreign—and firms in order to track employment rates, correctly understand the impact of foreign labour, and identify future policy changes. The data gathering programme must be a cooperative process of all relevant agencies in charge of labour markets, education, taxation, and domestic security. A "workforce dashboard" is useful for keeping track of vocations and industries where skills are in short supply. This technique necessitates that all essential government agencies submit regularly updated data. Instead of the government depending on possibly subjective data provided by companies, the approach avoids overuse of foreign employees and brings objectivity into the process.
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