Several Policies In Place To Address Imbalance Between High-value Jobs And Graduates
KLANG, May 23 (Bernama) -- To overcome the imbalance between the number of high-value jobs offered in the labour market and the number of graduates from higher learning institutions as well as Technical and Vocational Education and Training (TVET), the government has launched several policies to address the matter, according to Human Resources Minister Steven Sim.
The minister said among the policies in question were the MADANI Economic Framework and progressive salary policy which were among the efforts made by the government across ministries to ensure that every graduate and worker received a dignified remuneration.
"We have about 300,000 university graduates yearly, plus 100,000 TVET graduates, making a total of 400,000 Malaysians with higher education qualifications, but every year we are only able to generate 50,000 high-value and highly skilled jobs," he said.
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