Brain drain risk if industries refuse to change
THE Association for Community and Dialogue welcomes the news that as Malaysians usher in a new year, job prospects are looking brighter for fresh graduates, with ample openings in small and medium enterprises.
Another report said according to LinkedIn, millennials now make up most of the workforce in Malaysia’s SMEs. To be exact, 76% of SME employees are those aged between 23 and 38, said the professional networking platform. These millennials, also known as Gen Y, outnumber the other generations. According to observers, the large percentage of young talent in SMEs may require companies to adapt to a different work culture. This includes “gig” work, or working for a number of organisations instead of being fully employed by one firm.
The unions represented by the Malaysian Trades Union Congress should adapt to this new trend and understand that the dynamics of success in the digital world are not based merely on workers’ rights or hoping for goodwill from employers, but also the importance of acquiring knowledge and skills in the new economy, so that the bargaining process becomes balanced, leading to win-win solutions for both employers and unions.
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