Skill development is the best way to boost the overall growth of Malaysia. An increase in tax collection enhances the government funds speeding up the economical growth of Malaysia. Malaysia’s growth is generally measured in its gross domestic product or GDP. Some of the fastest growing industries globally are Sugar(food), Military shipbuilding and submarines, Public relations Agencies, Auto parts and accessories manufacturing, Consumer electronics manufacturing etc. The secret behind the most successful countries on the planet is a keen interest taken by its governance in national skill development. Every country requires a centralized National Skill Development corporation or Authority. According to demographics, India has a median Age of 26.8 which is low comparing to a developed country like Japan that stands at 47.3. The best way to increase the Gross Domestic Product of is to increase the average earning capacity of its citizens. Governments that have invested in the growth of the skill development efforts made by its people have seen results that are revolutionary. A skilled workforce means a skilled population. Solving unemployment issues calls for a great deal of reform within the system of a nation’s governance. Skill development is essential for any country to hold it’s ground in a rapidly progressing world.
The most practical way to reduce unemployment rates in a country is by creating new job opportunities. Creating Job opportunities alone may not save a nation from the grips of unemployment. It requires creating a skilled workforce. Developing countries like India have a population that is young but sees an overwhelming amount of unemployment. The fastest growing industries on the planet today are all skill based and they don’t seem to slow down anytime soon. The youth of Malaysia contributes to a large section of its workforce. To diversify and expand Malaysia’s workforce into previously unexplored areas may help pump new life into their economic and general development and growth. Skill development plays a vital role in the assurance of employment of the population. An older population average translates to a working population with its numbers dwindling. Here at SMEC we provide the best that the training and skill development world has to offer. The increase in the average earnings of the population leads to the rise in the tax paying. Now more than ever, international skill development missions have grown in relevance due to rapid industrialization and Globalization. A skilled population contributes to a great nation. As the earning workforce increases, the average income too gets expanded. SMEClabs is the R&D and training wing of SMEC automation. We are glad to host a wide range of engineers and industry experts who contribute to the immense pool of ideas we have created at SMEC. Unemployment is a major issue faced my most countries in the world. The process of diversification of workforce and the initiation of new domains call for a great movement in skill development. with a bigger population can greatly benefit from skill development of its workforce.