The manpower or worker shortage is a significant concern in Malaysia's business sector and economy. According to a recent report, the global economy is short of 85 million jobs. According to the analysis, the global economy will require 217 million extra workers at all skill levels by 2030 to meet its demands.
Malaysia's workforce is rapidly expanding (from 4.6 million in 1980 to 29 million in 2017), with an annual growth rate of 3.65%. Malaysia's population, on the other hand, is predicted to rise at a rate of 1.5 percent every year. This indicates that by 2030, Malaysia's overall workforce will be around 47.3 million, with a projected 13 million skilled professional shortfall.
Many organisations are resorting to manpower agency in Malaysia to resolve this issue. These businesses can hire workers with a variety of skillsets depending on their present requirements. Manpower agencies, on the other hand, are having trouble finding staff for their clients. The expense of employment is a key issue. Furthermore, government regulations are constantly changing, making it impossible for them to forecast what will happen in order to plan ahead.
The manpower agency in Malaysia needs to have a quick and effective solution to resolve the manpower shortage in the country. The Malaysian manpower agency is looking for a way to discover the ideal workers available. Traditional advertising methods are no longer effective, and there is no platform where employers can locate competent staff for their businesses. In the past, HR managers have scouted for talent, but this takes far too much time and effort, not to mention money. As a result of this situation, Malaysia's workforce has been quickly reducing.
Businesses and government agencies used to have a clear idea of how to deal with the manpower shortage issues. However, due to recent market shifts, they have found it difficult to come up with a long-term solution. Even though they have been working constantly to fix this problem. Besides, the manpower agencies are having a difficult time recruiting enough employees and labour. And unless we come up with a flawless remedy quickly, we will never be able to solve this.
We need solid policy and to figure out what is best for everyone involved in order to handle these difficulties collectively. The government must establish a clear policy on this problem that will be implemented by businesses and other organisations. In order to come up with a flawless solution, all three parties must collaborate.
