A Study on Human Capital Requirement for Greater Kuala Lumpur / Klang Valley
The Greater KL / Klang Valley study assessed the talent gap and demand-supply of human capital in five industries within the metropolitan region comprising a) transportation, b) shared services outsourcing, c) oil & gas, d) supply chain & distribution, and e) waste & water management. In each of these five industries the focus was on a particular activity which was identified as the driver of future growth prospects within that sector. Thus the study concentrated in (a) on the MRT/ High Speed Rail (Engineering Services); for (b) on Knowledge Process outsourcing (Financial Services); for (c) on Upstream activities; for (d) on Food and Beverage; and for (e) on Environmental consulting. Overall findings included a likely tight supply of graduates for the supply chain and distributive trade areas and possibly a shortfall in supply of semi-skilled TVET related workers in transportation activities. Demand is also likely to outpace supply in environmental green-technology related jobs, especially for entry-level professionals. Recommendations touched on the need to further enhance industry-academia collaborations to meet the talent requirements and to support research and development initiatives to spur innovation, productivity and grow the targeted industries further. Promotion of acceptance of internship among SMEs should be enhanced and a stronger cultivation of upskilling and life-long learning within the workforce should be boosted.