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Sunday, January 22, 2012
We must at all costs try to retain the many competent graduates for local employment as there is always the likelihood that we may lose them to other nations.
IN THE old days, university graduates were assured of a job, particularly in the rapidly expanding public service. When industrial attachment was introduced, many were recruited by companies. Some were even snapped up while still in the final year.
But not so now. Graduates, even those on scholarship, are not assured of a job any more. The economic climate is one factor and graduate employability skills another. We need to work on improving both so that joblessness does not become a major problem for young graduates.
It would appear that our pressing problem now is not rising healthcare costs, extremism and global terrorism, or environmental degradation but insufficient good jobs to go around.
In the book The Coming Jobs War by Jim Clifton, chairman and CEO of Gallup, a poll of what people are thinking, revealed that over the last 30 years, people have changed from desiring love, money, food, shelter, safety, peace and freedom to wanting a good job for themselves and their children.
The poll also revealed that three billion of the five billion people aged 15 and older, said they were working or want work. The problem is there are currently only 1.2 billion fulltime formal jobs in the world. Potential societal stress and instability lie with the 1.8 billion people who make up nearly one quarter of the world’s population. Joblessness is a driver of national hopelessness and despair. This in turn causes a decline in Gross National Wellbeing. Jobless people are dangerously unhappy and need more healthcare in general.
Jobs and Gross Domestic Product (GDP) are symbiotic. No GDP growth, no job growth. No job growth, no significant GDP growth. Job creation and quality GDP growth will be the leading forces of change for a better world.
The national transformation programme (NTP) to be achieved over the 10th and 11th Malaysian Plan period together with the new economic model, appear to be on the right track for job creation.
The vision of a high income nation is about boosting growth, creating high-paying jobs and attracting investments, where the ultimate outcome is a better quality of life for the people, where no one is left out and future generations are not compromised.
Education is fundamental to the NTP. It is one of the seven National Key Result Areas in the Government Transformation Programme and one of the 12 National Key Economic Areas in the Economic Transformation Programme.
It is also vital for the Rural Transformation Programme and the Political Transformation Programme.
School heads and vice-chancellors must think beyond graduation rates and think of an education that results in good jobs.
The majority of jobs are created in small and medium sized enterprises (SMEs).
In the United States for example, 99% of the six million companies have 500 or less employees. To build SMEs we need innovators and entrepreneurs.
Innovators alone are not enough. Innovations will remain on the shelf until chosen by talented entrepreneurs who envision a value and a customer, and then create business models and strategies to realise sales and profits. GDP growth and job creation come from the business model, not just the invention.
Universities must contribute to the national transformation not only by producing graduates appropriate for the new economy as well as new knowledge in support of the national innovation system, but also in creating jobs.
posted in: Blogging, EmployerNews, News
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