Graduate job mismatch rate drops significantly
KUALA LUMPUR: The graduate job mismatch rate in the country has recorded a significant decrease to 18.2% for 2023 compared with 40.5% in the previous year, according to data from the Social Security Organisation (Socso).
Deputy Human Resources Minister Datuk Seri Abdul Rahman Mohamad said the 22.3% decrease showed the success of Socso job placement officers, with the support of the National Employment Portal MYFutureJobs, in placing graduates in high-skilled jobs.
“The Human Resources Ministry through Socso always strives to ensure that individuals get jobs that match their qualifications and skills. Various initiatives are carried out, such as early intervention programmes at the level of higher education institutions, including the establishment of MYFutureJobs Satellite Centres at higher education institutions and the organisation of the Career Launchpad Programme to drive graduate employability.
“Socso also expanded the functionality of the MYFutureJobs Portal by listing vacancies for industrial training purposes to help students get placements, and from 2023 until March, 64,836 vacancies for industrial training were offered,” he said in a statement.
Abdul Rahman said the Career Carnival in conjunction with Labour Day 2024 at Putrajaya International Convention Centre and at 54 Socso offices nationwide would offer nearly 10,000 job opportunities from 130 leading employers.
He added that Socso statistics for the period from 2018 to the first quarter of 2024 showed that a total of 259,754 workers were approved to receive immediate financial assistance through the Employment Insurance System, with 80,521 workers who lost their jobs returning to work and 19,149 individuals eligible to attend vocational training.
The Return to Work programme, which helps participants who were injured or suffering from illness to recover and return to work, saw 56,698 participants returning to work for the period from 2017 to the first quarter of 2024.
“Until the first week of April 2024, a total of 11,101 workers in the Malaysia Short-Term Employment Programme, which aims to integrate the target group into the public sector, governmentowned companies and government investment companies through shortterm job offers, received employment.”
The Daya Kerjaya 2.0 programme provides incentives for employing longterm unemployed and vulnerable groups.