KUALA LUMPUR, 17 September 2019 – Malaysia’s Critical Occupations List (COL) been launched recently as an innovative platform to keep abreast of changing labor market demands associated with new technology, automation and industry 4.0.
This mechanism is to coordinate the human capital development policy by identifying the significant shortages of market labor as the government can use the COL platform to calibrate skills development to meet the labor market demands.
The COL is updated and released yearly by the Critical Skills Monitoring Committee (CSC), led by TalentCorp and the Institute of Labor market Information and Analysis (ILMIA) under the Ministry of Human Resources (MOHR).
As stated by M.Kulasegaran, Human Resources Minister of Malaysia:
“COL is a powerful policy that can be used by government, private sector, academia, job creator as well as job seekers. With the collaboration with the World Bank, COL was critical for its evolution into a best practice tool for labor market observation and analysis.”
According to a new World Bank report Monitoring Occupational Shortages: Lessons from Malaysia’s Critical Occupations List, its shows the recommendation to consider subnational disaggregation to make COL more robust and to cater distinct labor market demand.
Next, it recommended the government and data providers in standardized occupational data making it easier to incorporate other data sources into future versions of the COL.