22,That's Malaysia on the Human Capital Index

22, That’s Malaysia on the Human Capital Index

By Vrosha Rau a/p Raja Rao

2013 – 121744

Topic: Ministry of Human Resources

Malaysia has been ranked 22 out of 122 countries in the inaugural Human Capital Index 2013 by the World Economic Forum, released on Tuesday. In the Asia – Pacific region, Malaysia placed fifth, after Singapore (3), New Zealand (12), Japan (15) and Australia (19).

The Index is part of the Human Capital Report 2013, a pioneer study that examines how well countries are leveraging their human capital and developing work forces ready to meet the demands of competitive economies. In forming the rankings, countries were assessed in four areas which are education, health, employment and enabling environment.

According to the report, Malaysia was commended for its focus on the upskilling and upgrading of its work force but there is still work to be done to close the gender gap of economic participant.

Malaysia, the highest of the region’s upper – middle income countries ranked very low for the economic participation gender gap indicator. Malaysia performs well in most of the qualitative talent and training indicators in the work force and Employment Pillar. However, has dropped low on the participation of gender gap indicator

 As the minister of Human Resource, it is my responsibility to eliminate the gender gap problem and promote the positive growth of economy for the improvement and prosperity of the human life as well as the success of the nation. Hence, recognising the important role for women in the work force, I will work together with the ministry of woman, family and Community Development in order to establish policies to increase women participation in the labour  to 85% by 2015 from 49.5%  presently and to increase woman participation in decision making position to 30% by 2016.

Other than that, in order to increase the sustainity and productivity of local knowledge of workers, i will work together with the ministry of works and finance to roll out the policies of the Minimum Retirement Age Act and increase the age threshold to 60 years. Another notable initiative would be, is to set up the Skills  and Development Department under the Ministry of Human Resources itself to standardise and ensure the quality of skilled workers across 29 industry sectors.

I will also be working together with the Ministry of Education to promote the education of Technical and Vocational Education and Training(TVET) in order to encourage school leavers to enrol into the TVET field and also skills training courses to facilitate the creation of a skilled work force essential for our country,Malaysia to scale up the value chain and achieve high – income nation status thus upholding our economy status to a new level hence developing the life of Malaysian to a better aspect.

Women should also be encouraged and given the oppurtunity to work and achieve a goal in life for themselves.They should be given support ant chance to contribute to our country.

Technical and Vocational Education and Training(TVET) will be promoted in order to encourage school leavers to enrol into the TVET field and also skills training courses to facilitate the creation of a skilled work force essential for our country,Malaysia.

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Development of economy in Malaysia. Malaysia has been ranked 22 out of 122 countries in the inaugural Human Capital Index 2013 by the World Economic Forum. Malaysia, the highest of the region’s upper – middle income country.

References

1.     "Riot Denies Gender Gap in Employment Offer." BorneoPost Online Borneo Malaysia Sarawak Daily News Riot Denies Gender Gap in Employment Offer Comments. Home News Nation, n.d. Web. 22 Oct. 2013.

2.      "Narrowing the Gender Gap in Malaysia: Redefining Roles in Politics and the Tech Sector." INSEAD Knowledge. N.p., Dec.-Jan. 2010. Web. 22 Oct. 2013.

3.      "Poll." Home. Portal Rasmi Kementerian Sumber Manusia, n.d. Web. 22 Oct. 2013.