Brain drain of Malaysian talent to Singapore
Globalization has inadvertently brought about the global war for talent.The competition for talent is not merely confined to companies but has extended to countries.Countries with the best talents are the ones most likely to attract foreign investments.As foreign companies and entrepreneurs mull ove...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/24587/1/MGT_1_2015.pdf http://repo.uum.edu.my/24587/ |
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| Summary: | Globalization has inadvertently brought about the global war for talent.The competition for talent is not merely confined to companies but has extended to countries.Countries with the best talents are the ones most likely to attract foreign investments.As foreign companies and entrepreneurs mull over which Asian country to base their business operations in, the availability of a productive, cost-effective, and
efficient workforce definitely plays in favor of a given business jurisdiction.This article was motivated by the increasing number of Malaysian professionals fleeing the home country to serve in foreign lands.With the Prime Minister’s agenda of trying to achieve the high income nation status before 2020 at hand, this has been a critical issue and warrants immediate attention.This article addresses the need of these experts here in the home country to improve the nation’s economy. While the country is losing high skilled labor, it is only able to attract low skilled labor.Also the main concern is that Malaysia is losing its most talented citizens to its closest neighbor such as Singapore, Australia and also to the USA, UK, Hong Kong just to name a few. This article looks at factors that have led to the Brain Drain phenomenon and intends to put forward efforts in order to overcome this predicament. |
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