According to a survey by the United Overseas Bank (UOB Malaysia), employees will need to reskill or upskill themselves to stay relevant and competitive in the post-COVID-19 era. In the face of an increasingly uncertain job market, those keys are crucial to follow.
UOB Malaysia said the widespread view comes amid expectation that it would be tough to secure a new job due to the economic recession.
According to the UOB survey, 85% of local respondents believe that employers will prefer hiring a well-rounded employee
“Based on the recent UOB Asean Consumer Sentiment Study, 90% or nine out of ten Malaysian employees see the need to reskill or to upskill.”
“Meanwhile, 85% of Malaysian respondents believe that companies will prefer hiring people who can perform multiple functions, and 83% think employers will reduce headcount by stepping up their digitalisation efforts.”
Furthermore, a majority of the respondent which is 78% of the total respondents expect companies to undertake retrenchment to cut costs.
Among the different age groups surveyed, those between the ages of 18 and 23, generation Z are worried about job security.
UOB Malaysia provides several training programmes to give new graduates and mid-career professionals to opportunity to upskill
UOB Malaysia executive director and country head of Human Resources Lai Tak Ming said it is vital for companies to have an agile and adaptable workforce to weather the ever-changing working conditions due to uncertainties and disruptions.
On a different note, the bank said it has championed several training programmes that provide on-the-job experiences for new graduates and mid-career professionals. Its programmes give job hunters the opportunity to develop the necessary skills to help them succeed in the banking and finance industry.
UOB Malaysia had also created opportunities for graduates and university students to acquire skills and knowledge through UOB Malaysia Management Associate (MA) Programme and UOB Malaysia Smart Bankers Intership Programme as they embark on new careers in banking and finance.