A number of key issues pertaining to Industry 4.0 in Malaysia, including digital transformation trends, recruitment and other human resources and business issues were discussed at Monroe Consulting Group Malaysia’s inaugural Breakfast Discussion for C-level executives in Kuala Lumpur last week.
Raymond Ong, a recruitment consultant with Monroe Malaysia, which specialises in the recruitment of highly technical or executive-level employees for leading Malaysian or Malaysian-based multinational companies, said discussions cantered around the Fourth Industrial Revolution, better known as Industry 4.0.
“The Malaysian Human Resources Development Fund [HRDF] states that virtually all industries will be integrating digitized automation and robotics by the year 2050 and Malaysian businesses hoping to survive will have to start planning and investing in the training and development of their employees, or the reallocation of valuable human resources,” Raymond said.
How Industry 4.0 is shaping the recruitment industry in Malaysia[https://www.monroeconsulting.com/malaysia/company-news/company-news/how-industry-40-is-shaping-the-recruitment-industry]
Monica Viladot, the Managing Director of international award-winning Monroe Malaysia, helped facilitate discussions and networking opportunities among the C-Level executives during the breakfast at the Majestic Hotel.
“As Industry 4.0 begins to impact, a number of participants were interested in the impact of technology on jobs creation, as well as some of skills that were likely to become increasingly in demand in the coming years,” Monica said. “This includes jobs such as chief information officers, data scientists, interface designers and so on."
She said the impact of the industrial revolution was already having a large impact in Malaysia, including a lack of qualified technical professionals or executive managers, the expanding Malaysian economy and the brain drain. “This has already resulted in increasing the salary expectations of qualified job candidates, often to unreasonable levels.”
Monica said that in the future, job candidates would increasingly have to rely on soft skills, such as people management skills, communication abilities, as well as being able to think critically and resolve issues independently. “There will be less emphasis on having knowledge derived directly from a textbook, but more about being able to think outside the box in your application of this knowledge.”
Monroe Consulting Group Malaysia is an international award-winning recruitment company that focuses on recruitment in a number of key sectors, including manufacturing, technology, consumer goods, health and professional services, which includes banking, finance and insurance.