Preview

Graduate Unemployment in Malaysia

Good Essays
Open Document
Open Document
685 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Graduate Unemployment in Malaysia
Unemployed graduates have become a cause of concern in Malaysia. The findings of a Graduate Tracer Study in 2006 involving 132 900 graduates from institutions of higher learning all over Malaysia indicated that 30.7% of graduates remained unemployed six months after graduation, while 5.7% were still awaiting job placement (Tan, 2007). The Minister of Human Resources revealed that more female graduates in this country were unemployed because they lacked the relevant skills required in the labor market despite having excellent academic results. The number was much higher in comparison to male graduates (Nor Hartini, 2007). As there are so many unemployed graduates at present, we need to find out why this problem exists and what can be done to overcome it.

One reason for this problem is that the focus of higher education institutions and the needs of the labor market for graduates are not as compatible as they were twenty years ago. The labor market is now more competitive and volatile. As a result, graduates, face difficulties in getting jobs because they are not ready for the industry (Tan, 2007). For instance, the knowledge of Information and Communications Technology (ICT) acquired by students does not quite meet the expectations of the industry.

Lack of experience and skills are also causes of graduate unemployment. Generally, most organizations prefer to employ graduates with experience. Furthermore, in Malaysia, the private sector today is not interested in recruiting local graduates because they lack essential skills, such as proficiency in English and interpersonal skills (Nor Hartini, 2007). There appears to be a disparity between what employers require and what skills graduates have.

In view of this, the government has implemented several measures to reduce the problem of graduate unemployment. One such measure is the introduction of several training programmes for fresh graduates. For instance, the Ministry of Human Resources, through their



References: Chapman, K., Chew, S. & Tan, E. (2007, September 2). Transforming higher education. The Sunday Star. Retrieved May 13, 2008 from http://thestar.com.my Chin, V. K. (2007, August 2008). Graduates should not be too choosy about jobs. The Star. Retrieved May 13, 2008, from http://thestar.com.my Nor Hartini bt. Saari (2007). Unemployed Graduates: How Can We Address This Situation? Retrieved May 12, 2008 from http://www.ikim.gov.my/v5/print.php?grp=2&key=1482 Tan, S. C. (2007, November 25). Be more prepared. The Sunday Star. Retrieved May 13, 2008, from http://thestar.com.my

You May Also Find These Documents Helpful

  • Satisfactory Essays

    With the world economy still recovering from the Global Financial Crisis (GFC), unemployment continues to hamper many countries and people are struggling to find work and study opportunities.…

    • 450 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Dark Ages Ahead Analysis

    • 773 Words
    • 4 Pages

    In “Credentialing Versus Educating”, the third chapter of Dark Ages Ahead, Jane Jacobs discusses a change in the intent and practice of higher education at universities and colleges. “Credentialing, not educating, has become the primary business of North American universities” (Jacobs 44). The institution of education has shifted its focus from passing on knowledge and teaching students to have critical faculties for the stability and growth of society, to simply certifying individuals in order to be considered for a job. Educating involves the learning of new concepts and gaining proper knowledge while credentialing is focused on obtaining a degree through four years of higher education. Jacobs makes the distinction by outlining that an education and a degree are not the same thing. According to Jacobs, there is an emphasis on selecting job applicants who have desirable qualities such as persistence, ambition, and the ability to cooperate and conform.…

    • 773 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Lonely Wolf

    • 1179 Words
    • 5 Pages

    Having a hard time finding a job because you are “over qualified”? Well, not to worry, you are not the only one. According to Statistics Canada, one in every five people in the work force who have a university education are “overqualified”. Overqualified is defined as,” more experienced and educated than you need to be to do a particular job”(macmillan). In other words, all those hard years, and those thousands of dollars spent on higher education, won’t always pay off. In Adrian Wooldridge’s article”Dr. Dole Queue”, he claims that degrees have lost their value. Not only are students being ripped off financially, but, according to Wooldridge, they are also being stripped of their “best years”. For example, In 2008, according to the Bureau of Labour Statistics, over 10,500 Americans with PhDs or professional degrees were employed as “cashiers”, over 27,400 as shop assistants and over 4,700 as hairdressers, hairstylists or cosmetologists. In other words, Students spend many years and thousands of dollars trying to achieve their degrees, BA’s and PHD’s, and in the end, there may not even be a worthy pay off. With, more and more students receiving these degrees they are not befitting themselves, rather they are just simply neutralizing each other’s qualifications. Wooldridge argues that spending time in the workforce, rather then enrolled in higher education, it will benefit a person alot more due to the fact that the on hands experience is what will help you to succeed. In my essay I will demonstrate how Wooldridge argues that the problem with students spending more time enrolling in higher education is that they diminishes the value of their qualifications, which in turn causes it to become more and more specialized. It is clear that higher education is no longer as respectable as it has been in the past.…

    • 1179 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Acquiring academic degree is one of the effective keys that helps people to survive and be successful in the labor market. Yesterday, I glanced at the newspapers and stopped at the small article that is for the recruiters, and I figured out that most employers require their staffs to possess at least the College degree. I realized the fact that we are living in the society in which the degree is getting more valuable than the working skills or experiences. We cannot deny the fact that people who graduated from the famous Universities or received the honor diploma tend to come up with the outstanding productivity. Therefore, it is not surprising that most well-known companies are more likely to hire the outstanding students from the famous Universities because they think those students have ability to develop their business. By working for the well-known enterprises, the people who got the academic degree may earn the higher wages than others. The authors states in the article that “The big economic returns go to people with four-year degree.” Indeed, people who spend more time at the University will receive more benefits in the future that those who refuse to study. In addition, having the College and University diploma also offers people chances to go further in their career…

    • 478 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    And many of those who took out loans will drop out of college stated in the article by The Economist: “It does not help that nearly a third of those who take out such loans eventually drop out of college; they must still repay their debts” (Is College Worth It). This statistic means that students will have a huge burden of debts when they drop out of college. Without their degrees, they will have a hard time paying back their loans. Students would be better off if they had applied for a job after high school. Also, a survey states that: “… only half of graduates feel prepared for a job in their field, and only 39% of managers feel that students are ready for the workforce” (Is College Worth It). This shows that even though they have a degree for their field many of them are not ready for the real world. They need more on hand experiences and even possibly part time jobs to get them to be used to the working experiences. According to an article, “Well-Prepared in Their Own Eyes” by Scott Jaschik, employers prefers well rounded employees even if they have a degree in their field. Employers felt more confident in their skills if they had real world work experiences and not just lectures from colleges. Because managers think recent graduates lack the skills they need, it means they will have a hard time…

    • 1120 Words
    • 5 Pages
    Good Essays
  • Better Essays

    To survive in the keen competition, graduates have to get noticed by the employers among million of graduates every year, showing that a bachelor degree is not the only thing they have got. According to the U.S. Labour Department, it was estimated that 18 million graduates would be competing for the 14 million college-level jobs…

    • 1661 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    The Summary: This article discusses that the number of unemployed college graduates seeking work has hit an all-time high, and it’s even more than the number of high-school dropouts looking for job.…

    • 1594 Words
    • 7 Pages
    Satisfactory Essays
  • Powerful Essays

    Getting a “good” job is not straightforward as it used to be. In past generations, someone in an entry-level position could work their way up the ladder simply through hard work and determination; whether or not one had credentials or a diploma mattered very little. This is not the case today. Higher education is now critical to obtaining a better job because the demand for skilled labor is rising. For this reason, the value that a degree offers is higher than that of one’s actual intelligence or merit. Furthermore, workers without college degrees will quickly be outpaced in position and salary by degree holders. Earning a college degree is no longer simply an option for potential job seekers, but a necessity for those wishing to advance in their careers.…

    • 1832 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    The recent trend for working adults indicates obtaining new employment, maintaining existing employment or climbing the corporate ladder could depend on one’s educational background regardless of one’s skill set. As a matter of fact, according to a CareerBuilder survey the results indicated, “For many companies, an associate or bachelor’s degree is increasingly becoming the new high school diploma.” The survey also indicated “27 percent of employers have increased the education requirements over the last five years.” As employers strive for a greater return on investment, an educated employee willing to adapt to change, with strong interpersonal and technical skills become the most sought out employees. Additionally some employers are indicating that he shift in educational requirements has indicated positives results in regards to employees productivity, work quality, communication, innovation, customer retention, and increased revenue.…

    • 714 Words
    • 3 Pages
    Good Essays
  • Good Essays

    As future career could determine the status and income level of people, it has been concerned and discussed by most graduated students. However, according to the report ‘ Journal of Marketing Education’, the U.S. Labor Department anticipated that there would be only 14million college-level jobs for about 18 million graduates in 2005 (Gualt, et.al. 2000) and the graduates should realize that it has been more difficult to find a job in fierce competition. Meanwhile, the former Secretary of Labour Robert Reich suggested that professional skill training and internship experiences are required by 80% of these college-level jobs (Gualt, et al. 2000). Therefore, some people argued that work experience is an aid and beneficial to their future career.…

    • 954 Words
    • 4 Pages
    Good Essays
  • Better Essays

    In recent years, college graduates had found it increasing tough to find a job or a way to realize their life goals and make their dreams come true. However, based on current labor market conditions, there are not enough opportunities available; students are hardly to find jobs.…

    • 1097 Words
    • 5 Pages
    Better Essays
  • Good Essays

    liberal arts

    • 569 Words
    • 2 Pages

    According to Workforce Development at Rutgers University, just 56 percent of the graduates among the students of the class of 2010 found a job. In the section “many with new college degree find the job market humbling”, Catherine Rampbell discusses that only half of the specialized jobs are taken by these new graduates, which means that specialized degrees may not be worth it after all. Furthermore, she discusses that the median salary for students who graduated from four-year colleges in 2009 and 2010 was $27,000 down from $30,000.…

    • 569 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Colleges and universities better prepare under graduates by exposing them into the tough world that they will be facing after they graduate. Attending higher education institutions are not always the answer because some people have better skills in other things than education. This shows that they can succeed in different ways. This change refutes the idea that “college is the only pathway to success.” Studies clearly show that students earning a STEM degree (or others in demand) will earn more over their lifetime than those who do not have one. But this assumes that all degreed graduates will be able to find a job in a market that is increasingly placing more value on certified skills and professional certifications over the bachelor’s degree. Harvard Business School released a study in February 2011 that asserts that for all jobs created between 2008 and 2018, 27% of people with post-secondary licenses or certificates will earn more than the average bachelor’s degree recipient. Certified Professionals representing one of many career fields, including: engineering, technology, healthcare, accounting and finance, construction, legal, and law enforcement are the new labor market of this century. Presently, our market has more degreed graduates than jobs, and more jobs than technically certified employees. While the economy is clearly the reason for a high unemployment rate, our nation currently has jobs that cannot be filled.…

    • 1276 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    The youth unemployed should be one the groups the most in need for financial support in Hong Kong. They face keen competition and suffer from the local economic regression, which create difficulty to them earning a living. Young people, in general, refers to people in the age groups of 15-19 and 20-24 (Chung Kim-wah 2009). They are recognized as labor force in Hong Kong, but their employment opportunities are not optimistic. Those school leavers in the age of 15-24 entering the labor market have little competitiveness compared graduate job applicants, especially when the supply of graduate workers are so abundant in the market (Chung Kim-wah 2009). The unemployment rate of them keeps rising and reached 19.5% in 2008 (Youth Study Series 2009). Those unemployed receive no salary while they need money for daily expenses, creating potential financial burden on them. Facing competition among themselves, the young graduates are not any better either. Nowadays, the large number of graduates makes the labor market saturated, providing the employers so many choices (Chung Kim-wah 2009), not to mention that a number of them are still obliged to pay for their grad loan. The young unemployed population, both graduates and non-graduates, have to compete fiercely for the limited job positions in the market. Such pessimistic employment prospect has strong relation to Hong Kong economic regression, which causes shrinkage in labor market (Youth Study Series 2009). While the number of job vacancies is declining, more and more young school leavers and fresh graduates enter the marekt seeking for jobs, resulting in increasing unemployment. Both the problems of vigorous competition and economic slowdown cannot be easily solved and need a long term economic adjustment. The young unemployed have little to do to escape from the predicament. Financial support from the government may give temporary but necessary assistance to them.…

    • 520 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Youth unemployment

    • 1673 Words
    • 5 Pages

    After receiving their certificates, new graduates are in search of jobs. But sadly they hit the wall of unemployment. They do not find jobs in the field of their specialization or any job at all. This has an impact on the parents of the unemployed students too, because when they do not work, they are still financed by their parents. “At present, the overall unemployment rate in Lebanon stands at 24 percent with youth unemployment exceeding 35 percent.”2 This rate hinders economic growth. Inputs decrease which leads to a decline in production and the total output of the economy decreases.…

    • 1673 Words
    • 5 Pages
    Better Essays