TITLE| PAGE NUMBER|
1.0 INTRODUCTION| 1|
1.1 BACKGROUND| |
1.2 PROBLEM OF EMPLOYMENT| |
2.0 IMPORTANT SKILLS THAT EMPLOYERS ARE LOOKING FOR IN GRADUATES | | 3.0 SUGGESTIONS| |
4.0 CONCLUSION| |
5.0 REFERENCE| |
Malaysia as a developing country, its economic has an annual growth rate of 6.6% for the past three years since year 2008. In order to have constant growing, human capital is important for our country. According to Crook et al, 2011, human capital is vitally important for an organisation’s success. This is because it can be increase through educations and experience. Some of the economists state that schooling, training course, expenditures on medical care, learning the importance of punctuality and honesty also calling as capital. They can help us to raise earnings, improve our health and enhance someone’s good habits. These are called human capital because we as a person, we cannot separate with our knowledge gained, skills, healthy and core values since we are young. Therefore, it can be found that education, training, health and good values are the most important investments in human capital. It can be see that if a person graduated from college or university, it can raise his income even after deducting all the expenses incurred. Thus, for the people who have higher EQs and higher education are high income compare to the less-educated people.
In 2010, the OECD (the Organization of Economic Co-operation and Development) encouraged the governments of advanced economies to embrace policies to increase innovation and knowledge in products and services as an economical path to continued prosperity. (Crook et al, 2011) Hence, Malaysia needs more well trained and capable people as their human resources due to stimulate our country’s economy. For example, South Korea is succeeded in training human capital. According to Young-Iob Chung, South Korea’s rapid economic growth was a relatively large investment in human capital. It is because they highly attention in education after World War II. More over, the traditional leadership, value system, rise of new leaders and the establishment of crucial institutions required for capital formation and economic development.
In the past, the employers will only look into the hard skill that shown in the resume. In this case, they are looking much more than qualification and learned skills in college or university. In our competitive job market today, most of the employers are having great expectation for new graduates. Therefore, graduates should have those important soft skills to fulfill their requirements. According to Wikipedia definition, soft skills is a sociological term relating to a person’s “EQ” (Emotional Intelligence Quotient), the cluster of personality traits, social graces, communication, language, personal habits, friendliness, and optimism that characterize relationships with other people. Soft skills complement hard skills (part of a person’s IQ), which are the occupational requirements of a job and many other activities. But in reality, mostly graduates are only willing to tell the interviewers about their academic qualifications and ‘hard’ skills during interview. These skills are such as computer skills that play an important role in this new century, other than that skills like see, touch and feel. 1.2. Problem of employment
The unemployment statuses of Malaysia are the employment market is still not satisfied yet and most vacancies are still not filled yet. So, the unemployment rates among the local fresh graduates are quite high. According to the definition of the Malaysia Labour Force Survey, the unemployed include persons who were available for work but did not work during a reference period. Even in some of the headlines in newspapers or magazines also interested in such issue in finding why it will happen and discover...