What's Happening?
The Ministry of Human Resources (KESUMA) and Talent Corporation Malaysia Berhad (TalentCorp) are intensifying efforts to enhance Malaysia's talent ecosystem as part of the Belanjawan 2026 under the MADANI
Economic Framework. The initiative focuses on building skills, improving employability, and supporting long-term career sustainability to drive inclusive growth. Human Resources Minister YB Dato’ Sri Ramanan Ramakrishnan highlighted the importance of addressing gaps in training and career pathways, particularly for micro, small, and medium enterprises (MSMEs), which employ nearly half of Malaysia's workforce. TalentCorp, as KESUMA's strategic think tank, plays a central role in shaping a national talent ecosystem that supports various groups, including students, graduates, professionals, and women returning to work. The MyMahir platform connects skills intelligence with industry demand, aiming to reduce mismatches between training and jobs.
Why It's Important?
This initiative is crucial for Malaysia's economic growth as it aims to create a more resilient labor market by addressing skill gaps and improving employability. By focusing on MSMEs, which form a significant part of the workforce, the initiative seeks to enhance the overall productivity and competitiveness of the Malaysian economy. The involvement of industry in skills planning through the MyMahir Future Skills Talent Council ensures that training investments are aligned with current and emerging market needs, potentially leading to better wage outcomes and employment opportunities. The initiative also supports the inclusion of women and veterans in the workforce, promoting diversity and retention.
What's Next?
As Malaysia moves into 2026, KESUMA and TalentCorp will continue to engage with industry partners to further develop local talent. The focus will be on expanding access to quality industrial training and enhancing pathways for skilled international talent to fill existing gaps. The release of findings from studies on flexible work practices is anticipated, which could influence future workforce policies. Additionally, the initiative will continue to promote flexible work arrangements and support for women and veterans, aiming to increase workforce participation and retention.
