30,000 unemployed? Time to become more competitive

In today’s competitive world, even established businesses that have been around for a very long time may suffer. This is true for businesses like Walmart and Toys R Us and even a few famous handphone brands.

When companies are no longer competitive, jobs are no longer secure. While a company’s lack of competitiveness can be due to many reasons, becoming unemployed really boils down to the individual.

We must remember that the days of doing the same thing, day in day out, getting paid every month as well as receiving increments every year, are long gone.

Today, with every day that we work, we should add value to our job so that the company can move us around and recognise us as a “talent” rather than a “worker”.

In an article in the NST, Human Resource Minister M Kula Segaran said the claim that 30,000 Malaysians will face unemployment is not true. He said less than 24,000 unemployed were recorded last year. He added, “The unemployment rate shows nothing unusual, nothing frightening.”

Malaysian Employers Federation executive director Shamsuddin Bardan recently estimated that 30,000 workers would lose their jobs, citing the increasing cost of doing business as the main reason.

Shamsuddin said the economy within and without Malaysia was proving a challenge for employers to maintain their profitability.

A recent check in Malaysia’s leading job portal, JobStreet.com revealed that the number of positions which companies were hiring for was over 25,000.

In other words, the total number of jobs available were far higher than the number of roles.

However, these are the figures of just one job portal. Even if the estimate of 30,000 unemployed Malaysians is true, the more important thing is for the economy to grow and thereby produce more job opportunities so that the unemployed can move on to the next job quickly.

As for everyone who’s working today, what have you been doing differently this year compared to the last? It’s all about competitiveness, failing which we have nothing.

This article first appeared in kopiandproperty.com

Charles Tan blogs at property investment site kopiandproperty. He dislikes property speculators and disagrees that renting is better than buying. He thinks it’s either property or poverty. He is presently the CEO of an auction house auctioning assets beyond just properties.