Finance and banking is a popular career choice among Generation Y and this will directly benefit the industry in the long run amid globalisation, increase mobility of labour and brain drain.
Financial Sector Talent Enrichment Programme (FSTEP) Head, Lee Khee Joo, said the recent survey by online recruitment firm, Jobstree.com, showed that most employees in Malaysia picked the manufacturing; information & communications technology; financial & banking; construction; and, wholesale & retail industries.
The Generation Y is considered to be anyone who were born in the 1980s and 90s.
According to TalentCorp Malaysia, Malaysia’s success in transforming itself into an upper middle income nation was the result of consistent and substantial investment in human capital development, Lee said.
“There is no doubt that Malaysia has skilled talent that is world class,” he said, adding that, unfortunately due to globalisation and the increased mobility of labour, the country fould itself having to compete for its own talents in the market.
Brain drain also posed a great challenge to the nation’s transformation ambitions which TalentCorp reported that 10.5 per cent of skilled Malaysians had migrated in 2010, he said.