TalentCorp strengthens global ties to boost future skills

TalentCorp is taking significant strides in enhancing Malaysia’s talent ecosystem through a renewed partnership with India’s National Skill Development Corporation (NSDC).

This collaboration, formalised with a Memorandum of Understanding (MoU) signed by TalentCorp’s Group CEO, Thomas Mathew, and NSDC International’s Managing Director, Ved Mani Tiwari, marks a new chapter in preparing Malaysian youth for the future workforce.

Witnessed by Human Resources Minister Steven Sim Chee Keong, and India’s Minister of Skill Development and Entrepreneurship, Jayant Chaudhary, this MoU builds on a previous agreement from March 2023.

The ongoing partnership has already led to the creation of TalentCorp’s industry-driven MyMAHIR Future Skills Talent Councils (FSTC), which play a pivotal role in aligning Malaysia’s workforce with the evolving demands of various sectors.

Driving Malaysia’s future workforce

Since its inception, TalentCorp’s MyMAHIR Future Skills Talent Councils have been instrumental in shaping Malaysia’s workforce.

These councils, formed in collaboration with industry leaders, identify the critical skill requirements in sectors such as E&E, ICT, Aerospace, Biopharma & Manufacturing, Food Manufacturing Services, and Global Services & Data Centres.

With six councils already established and four more set to launch by September 2024, TalentCorp is rapidly expanding its reach to ensure that Malaysian talent is equipped with both current and future competencies.

Speaking at the MoU exchange, Sim highlighted the impact of the FSTCs on Malaysia’s talent development. “Human Resources Ministery, through TalentCorp, has tailored specific skills training programmes based on the recommendations from the FSTCs.

Participants in these programmes typically earn 10-15% higher salaries, demonstrating the strong link between enhanced productivity and increased wages,” said YB Steven Sim.

The Minister also emphasised the importance of the ongoing partnership with NSDC, stating, “With this new MoU, we will continue to intensify our collaboration and achieve even greater success for both the Ministry and our two nations.”

TalentCorp leveraging India’s digital hub

The renewed partnership between TalentCorp and NSDC will focus on two critical areas: the digitalisation of Malaysia’s talent ecosystem and the introduction of verifiable digital credentials for Indian nationals working in Malaysia.

TalentCorp will leverage NSDC’s Skill India Digital Hub, which integrates skills, education, employment, and entrepreneurship, to develop a comprehensive digital platform that will boost youth employment in Malaysia, the region, and beyond.

This digital transformation aligns with Malaysia’s goals of adopting AI and digital solutions to enhance its workforce.

Jayant highlighted the significance of this collaboration: “Our skill development programme is designed with a strong focus on industry needs.

By conducting extensive grassroots surveys, we have identified critical skill gaps, and the Skill India Digital Hub plays a pivotal role in bridging them.

I am confident that TalentCorp will greatly benefit from the tech advisory solutions provided by NSDC International.”

The MoU not only strengthens bilateral relations but also provides a platform for mutual learning and growth, benefitting both countries in their pursuit of excellence in talent development.

For more information on MyMAHIR FSTC and TalentCorp’s initiatives, visit TalentCorp’s official website.