KUALA LUMPUR, Oct 18 (Bernama) -- The government needs to consider allocating funding for talent development initiatives with local universities to further strengthen Malaysia's Global Business Services (GBS), Outsourcing Malaysia (OM) said.
The OM, a chapter of the National ICT Association of Malaysia, said the GBS, a new driver of business and investments for Malaysia, was facing an acute talent shortage which would affect its potential to be a global player.
Quoting the 2014 Labour Force Survey report by the Department of Statistics, OM Chairman Cheah Kok Hoong said 31 per cent of unemployed workers in Malaysia had a tertiary education, translating to about 130,000 people.
This is corroborated by the Ministry of Education's statistics, showing 51,835 of 202,328 local graduates were unemployed, he said in a statement today.
He called for more financing for local GBS companies as lack of support would impede the growth of the industry and the progress of local companies in the mid to long-term.....