Premium Essay

Factors Affecting Unemployment of Fresh Graduates

In: Business and Management

Submitted By kobinaath
Words 6119
Pages 25
Salary and Wages in Malaysia by Rohayu Abd. Ghani Rasidah Arshad Fazli Idris Rozhan Othman Noreha Halid June M.L. Poon Ayu Trisna University Kebangsaaan Malaysia, Bangi, Selangor

This paper discusses the compensation practices in Malaysia against the backdrop of the legal framework for wage and salary deterinatio n. It also exa mines the Malay sian labo ur mark et situation a nd trends in salary and wage administration together with the role of unions in compensation determination.

Malaysia is a country of more than 20 million located at the southernmost tip of mainland Asia. Besides being a leading exporter of commodities such as natural rubber, tin, palm oil, timber, petroleum, and natural gas, Malaysia is also one of the world’s leading exporters of electronic semicond uctors, roo m air-cond itioners, and a udiovisual e quipmen t. Prior to July 199 7, Asia was seen as a region exemplifying success in economic growth and development. Between 1991 to 1996, the Malaysian econom y grew at an ave rage rate of m ore than 8% . Howev er, Mala ysia could no t shield itself from being negatively impacted by the 1997 Asian Financial Crisis where the nation suffered a 7.5% c ontraction in its Gross D omestic P roduct (G DP) in 1 998. In 2000, M alaysia had a workforce (defined as persons between 15-64 years old) of slightly above 9 million. About 60% of the workforce were below 35 years of age. Union members accounted for about 8.15% of the labour force. Unemployment was reported at 3% of the labor force, and foreign workers accounted for one out of every seven jobs (Malaysia 1996-1998, 1996 ). This scenario shapes the Malaysian labour market condition. Until 1997, the salary and wage rate in the country had experienc ed a significant g rowth. Th is was a result of the rapid econom ic growth and near p erfect emp loyment. T his paper will discuss the...

Similar Documents

Premium Essay


...Introduction Philippine’s biggest economy contributors for year 2014 is mostly taken up by Services sectors with 57.4% contribution to the economy gross domestic product (GDP) (Central Intelligence Agency, 2014). Services that contributed to this high percentage comes from mainly repair of motor vehicles, household goods, trades, real estate, rents and businesses for transportation, storage and communication, public administration, defence forces, finances services and social security (Philippine Statistics Authority, 2015). Industry sectors contributes 31.2% of the total GPD (Central Intelligence Agency, 2014), which contains manufacturing, construction, mining and production, and power production (Advameg, Inc, 2015). The leftover of 11.3% of the total GDP came from Agriculture (Central Intelligence Agency, 2014). Many years ago, Agriculture was once the main contributor to Philippines’s GDP. However in the last ten years there is an increase in other industries like production for apparels, ship building, electronics and semiconductors.  Primary exports of Philippines are mainly conductors and electronic merchandise, transportation tools, garments, copper merchandise, crude oil merchandise, coconut oil, and fruits. Having major importers like China (23%), Japan (13%), United States (12%), Hong Kong (9.8%), and Singapore (5.4%), Philippines can potentially benefit from them by having almost the same GDP growth if these countries that Philippines exports significantly......

Words: 2526 - Pages: 11

Premium Essay

Quiz 1

...importance of the sociological perspective? | It opens a window to unfamiliar worlds and offers a fresh look at familiar worlds. | | It verifies our basic assumptions about life and the need to focus on human needs. | | It challenges cultural tradition to provide a new framework of human understanding. | | It enforces social solidarity and expands the importance of the social imperative. | 1  out of  1 Correct!! 2 of 20 The event that most inspired Auguste Comte to pose the question, "What holds society together?" and begin developing sociology as a science was the ________. | industrialization of society | | discovery of the new world by Christopher Columbus | | development of the psychoanalytic approach | | French Revolution | 1  out of  1 Correct!! Question 3 of 20 Based on the theories formulated by Karl Marx, what was the ultimate goal of the proletariat? | The proletariat sought to establish a democratic society and independence. | | The proletariat wanted to develop a society with a strong middle class. | | The proletariat sought to develop a classless society free of exploitation. | | The proletariat wanted to establish capitalism and a higher standard of living for all. | 1  out of  1 Correct!! 4 of 20 What sociological phrase is used to describe "opening a window onto unfamiliar worlds and offering a fresh look at familiar worlds?" | The sociological perspective | | The social imperative | |......

Words: 1020 - Pages: 5

Free Essay

Employability of Ex-Convicts

...Chapter 1 The Problem and its Background Introduction A job is a piece of work or task that is assigned to a person with an agreed price or amount of salary. Having a stable job is one thing that every person strives for. It means having something that would help sustain not only the family’s basic needs for everyday life but also to secure one’s future. Unemployment is a stressful life event that can lead to financial difficulties, depression, anxiety, somatic symptoms, and increased substance use. (Wanberg 1999). It results to emotional health problems due to depression and anxiety as well as low self esteem and lose of respect from other people due to the inability to support one’s self and his family. In order to be employed, one of the most common requirements of an employer or a business establishment is that a person applying for work should be of good moral character. In most cases, a job applicant is required to secure clearances from either the National Bureau of Investigation or the Philippine National Police. The clearances serve as certificate of good moral character and behavior. The clearance reveals if a person has a clean police record or if he/she has been already convicted of a crime. The employment situations of ex-convicts are a different story because the certificate secured from the said law enforcement agency reveals that the applicant has a bad record on file. Employers tend to reject people with a criminal record......

Words: 9579 - Pages: 39

Premium Essay

Hrm of Abul Khaer

...companies of Bangladesh we found “Abul Khair Group” have a quiet fair and active “HRM” department.T hey regularly recruit on the basis of their need .Abul khair Group is one of the Bangladeshi industrial conglomerates. The industries conglomerates include cement, steel, consumer goods, tobacco, edible oil etc. Here we focused and worked with “Abul Khair Tobacco CO. Ltd. Here we have briefly discussed about their(1) company overview(2)HRM overview (3)company structure (4) salary range (5)employee selection process (6) problems of selection process and it’s solution (7) probability of changing the selection process(8) feedback of the selection process(9)probationary period (10) training and development (11) expectation from a fresh graduate (12)demand of BBA and MBA in Abul Khair and (130)SWOT analysis. ------------------------------------------------- To complete this sections several times we had visited the company and talked with many employees of the company and at last we took help from the website of Abul Khair.We tried to give relevant and authentic information of the company. ------------------------------------------------- As we are varsity student we hardly tried to observe the demand of BBA and MBA students and the qualifications they look apart from certificates. By reading the text book we tried to do the SWOT analysis . we tried to do better...

Words: 4514 - Pages: 19

Premium Essay

Personnal and Organisation Development

...1………………………………………………………………………………… 1.1 Overview and potential of the logistics industry………………………….. 1.2 Current employment market for graduates………………………………… Part 2………………………………………………………………………………… 2.1 Current Career Path………………………………………………………… 2.2 Targeted Career Path……………………………………………………….. Part 3 Conclusion…………………………………………………………………… Bibliography………………………………………………………………………… Appendix 1………………………………………………………………………….. Introduction I’m currently in the Integrated Logistics Management (ILM) department, I will be looking into the employment criteria of the logistics industry that I will face after my graduation with my current experience, skills and abilities. This reflective commentary is to provide me a clearer view of my future intended career path. Section one will identify the overviews and the potential of the logistics industry and scans the current employment market for graduates. Section two will be a commentary on my intended career path and my suitability for my career choice. Psychometric and Johari windows test results will be use to evaluate the key areas of improvement to reach my targeted position within the organization. Section three provides an overview of the action to be taken in order to reach my targeted career path. 1. Overview and potential of the logistics industry and current employment market for graduate 1.1 Overview and potential of the logistics industry According to Economic Development Board (EDB)......

Words: 2777 - Pages: 12

Premium Essay

Why Is Becoming an Entrepreneur a Growing

...Why is becoming an entrepreneur a growing trend in today’s job market? Robert L. Patton Jr. EBM587 Strategic Business Marketing April 8, 2012 Introduction Why is becoming an entrepreneur a growing trend in today’s job market? Answering the aforementioned question is the purpose of this paper, and the premise of the research thus conducted. In order to answer and address this issue, it is first necessary to examine different aspects of entrepreneurship, as well as, current market conditions, which make this alternative an attractive choice for so many business professionals. I have often thought about the vest means of achieving success. Success can be measured in many different fashions. There is career success, success in academics, competition, and self-actualization. For the scope of this research paper, I will limit the definition of success as being measured by financial freedom and independence. As both a student and working professional, I have a strong belief and desire to perform to my highest potential, both in the classroom and in the office. Ultimately, like many others, the purpose of my efforts is to achieve this financial freedom and independence from an employer. The traditional means of achieving success, I have followed and been an active participant. These means include joining the military at a young age, graduating from college, and pursuing a professional career. Although I am pleased by the results of my efforts and......

Words: 5674 - Pages: 23

Premium Essay

Axact - Hrm Report

...AXACT | Human Resource Management – TERM REPORT | GROUP MEMBERS:SHAHROZE NASIR SEHRISH MUSTAFAMUHAMMAD BHOJANI GHAYAS ANSARISAIF ULLAH KHALID AREEBA SIDDIQUI | 12/15/2014 12/15/2014 Table of Contents INTRODUCTION TO THE COMPANY 1 MISSION statement of Axact 1 INTRODUCTION OF THE IT INDUSTRY IN PAKISTAN 1 DESCRIPTION OF THE TOPIC 3 ANALYSIS: 3 RECRUITMENT PROCESS AND CRITERIA: 4 TRAINING AND DEVELOPMENT: 4 Direct Domain Strategy: 4 Indirect Domain Strategy: 5 RECOGNITION & MOTIVATION: 6 MONITORING EMPLOYEES: 7 RECRUITMENT PROCESS AND CRITERIA: 8 TRAINING AND DEVELOPMENT: 8 RECOGNITION & MOTIVATION: 9 MONITORING EMPLOYEES: 10 Bibliography 11 INTRODUCTION TO THE COMPANY Axact is currently the world’s leading IT company. It laid its foundation during the dot-com boom in 1997 and started from a single room office and experienced a drastic growth. Axact enabled a revolution in software products in Pakistan and today it has a global presence across 6 continents, 120 countries and 1,300 cities with more than 25,000 Employees and Associates working for Axact all around the globe. In Pakistan, Axact is ranked as the “top choice employer” and also has more than 2 billion users worldwide and a strong customer base of 40 million across the world. Mr. Shoaib Ahmed Shaikh is the Chairman and CEO and provides vision and direction......

Words: 3247 - Pages: 13

Premium Essay

C228-Community Health Nursing-Task 1

...C228-Community Health Nursing-Task 1 Western Governors University Identification of Community Along the northern-end of Utah’s Wasatch Front is a scenic region of land known as Weber County. This county ranges from the peaks of the Wasatch Mountains into a portion of the Great Salt Lake of the lower valley. The Weber and Ogden rivers and their tributaries run through its valleys (Weber County, 2015). Weber County is the second smallest county in land mass and has the fourth largest population in the state. County population in 2012 was 236,000 (94% urban, 6% rural), comprised of the communities of Ogden, Farr West, Harrisville, Hooper, Huntsville, Marriot-Slaterville, North Ogden, Plain City, Pleasant View, Riverdale, Roy, South Ogden, Uintah, Washington Terrace and West Haven (Weber County, Utah, 2013). Ogden City is the largest of these cities with a population of 82,702 and is the county seat. (Ogden City Corp., 2013). Since 2000, Weber County has experienced a 14.4% population growth, demonstrating the appeal of Weber County. Forbes has ranked Ogden number 20 on its list of “America’s 20 Fastest Growing Cities” two years in a row (Weber e.d.p., 2013). Weber County embraces its diverse cultural and ethnic history. They annually host many cultural festivals such as the Greek Festival, the German HOF Winter Festival, Cinco de Mayo, Juneteenth Festival and the Harvest Moon Festival. In just thirty minutes Weber County residents can leave the exciting city......

Words: 4697 - Pages: 19

Premium Essay

Quiz 2 Class Notes

...bs_bs_banner Higher Education Quarterly, 0951-5224 DOI: 10.1111/hequ.12055 Volume 68, No. 3, July 2014, pp 348–372 The Role of Work Experience in the Future Employability of Higher Education Graduates Ruth Helyer, Teesside University, Dionne Lee, Teesside University, Abstract Many new graduates are finding it difficult to obtain graduate-level work and impossible to break into the sectors they were aiming at. In order to address this, higher education institutions are examining the methods they use to enhance student employability and deploying various measures to grow and strengthen this activity, with an increasing focus on providing work experience. One popular way of doing this is via internships (placements). This paper examines the context in which work experience has come to the fore as an approach to enhancing employability by interrogating recent research and policy related to this agenda. Employability is presented as an on-going debate that cannot be viewed as a finite entity but must move and develop with the market, society and the global situation. In addition the paper closely examines a graduate internship programme in a university in North East England. Comparing and contrasting findings from this scheme, with other examples of experiential learning through work experience, provides some evidence to suggest the value of internships and furthermore supports some formative ideas about......

Words: 9691 - Pages: 39

Premium Essay

Business Mkt 412

...Learning Objectives Chapter 1 Distinguish between microeconomics and macroeconomics. Explain the factors that drive demand and supply. 2 Describe each of the four different types of market structures in a private enterprise system, and compare the three major types of economic systems. 3 3 Identify and describe the four stages of the business cycle. Explain how productivity, price level changes, and employment levels affect the stability of a nation’s economy. 4 Discuss how monetary policy and fiscal policy are used to manage an economy’s performance. 5 Describe the major global economic challenges of the 21st century. Economic Challenges Facing Contemporary Business Rudyanto Wijaya/iStockphoto Copyright ©2012 John Wiley & Sons, Inc. NASCAR Tries to Restart Its Engine ASCAR is widely known as the most popular spectator sport in the United States. Yet even its most diehard fans are tapping the brakes when it comes to buying tickets to their favorite speedway. Tracks in cities such as Phoenix and Talladega have reported double-digit percent declines in attendance. Just as worrisome is the fact that, instead of watching races at home, fans are changing the channel. Some critics of NASCAR blame a drop in dramatic action and a mandated car chassis design that leaves car models undifferentiated. Others say that the races are just too long and the broadcast commentary is boring. But NASCAR defenders argue that there’s another huge obstacle:......

Words: 18694 - Pages: 75

Free Essay

I Love This Padge

...International Political Economy Contents 1.0 Explanation of: 3 1.1 Free Market System 3 1.2 Command System 3 1.2 Mixed Economy System 4 1.4 Islamic Economic System 5 2.0 Introduction 6 3.0 Description of the Malaysian Economic System 7 4.0 What caused the failure of the Free Market System in Malaysia 10 5.0 How does the Government intervene? 11 Reference 13 1.0 Explanation of: 1.1 Free Market System Free market system is an economy where the question is answered by and controlled by the people. It is a market based economy that depends on the law of supply and demand. The values of properties and facilities are set by the participants in the market i.e. suppliers, vendors, businesses, and consumers, in which the government has no role in setting any rules or regulations of prices and resources. In other words, the government does not interfere. It can be often referred to as Barter Trading. Both parties voluntarily agree to exchange something for the other to which he holds value. Which goods are to be produced are defined by the demand and supply rule. In a free market the products chosen by the consumers survive, a deficiency happens at time when consumers need to obtaining more than manufacturers produce. A surplus happens while creators want to sell more than customers wish to buy. Unavailability of a manufactured goods commonly result in value growths in a market economy; surpluses typically consequence in cost reductions. The......

Words: 3812 - Pages: 16

Free Essay

Telenor in 1855 and builds on more than 155 years of telecom experience. A Telenor is a global company it is always looking to expand in to untapped markets or where oppuruntities are available for expansion. Telenor acquired a license for providing GSM services in Pakistan in April 2004, and launched its services commercially in Karachi, Islamabad, and Rawalpindi on 15 March 2005; it expanded its services to Lahore, Faisalabad and Hyderabad on 23 March 2005. Telenor Pakistan’s Corporate Headquarters are in Karachi, with regional offices in Peshawar, Lahore, Faisalabad, Multan, Hyderabad and Islamabad. On 28 January 2005, Telenor established its first call centre in Karachi. TELENOR TOOK ADVANTAGE OF GRADUATES IN KARACHI BY OPENING ITS CALL CENTRE IN A CITY WITH HIGH LEVEL OF GRADUATES. As of January 2012, Telenor Pakistan had a reported subscriber base of 28.47 million, and a SIM market share of 24%. On October 2012, Telenor officially declared to have the customer base of 30 million. Competitors Its main competitors are Warid (UAE), Mobilink (Egypt), Zong (China), Ufone (PTCL/UAE). All these companies are foreign investments; excluding Ufone which is part owned by PTCL. Telenor’s advantage over its competitors is gained by offering consumers greater value than competitors. Telenor strategy is to gain more and more competitive advantages. It also uses these competitive advantages well enough for its promotions. Currently Telenor is...

Words: 8545 - Pages: 35

Premium Essay

Human Resource Planning

...INDEX Sr. No. 1 1.1 1.2 1.3 2 2.1 2.2 3 3.1 3.2 4 4.1 PARTICULARS CHAPTER 1: INTRODUCTION TO HRP OBJECTIVES, NEED & IMPORTANCE OF HRP EVOLUTION OF HRP CONTEMPORARY APPROACH TO HRP CHAPTER 2: HRP PROCESS DEVELOPING A HR PLAN ADVANTAGES AND DISDVANTAGES OF HRP CHAPTER 3: INTERNAL FACTORS AFFECTING HRP EXTERNAL FACTORS AFFECTING HRP IMPACT OF TECHNOLOGY ON HRP CHAPTER 4: A SCOTTISH POWER CASE STUDYINTRODUCTION FACTORS AFFECTING WORKFORCE PLANNING AT SCOTTISH POWER 4.2 SCOTTISH POWER’S RESPONSE TO WORKFORCE CHALLENGES 4.3 4.4 EMPLOYEE CASE STUDY CONCLUSION CONCLUSION BIBLIOGRAPHY 37 39 40 41 34 Page No. 1 4 7 8 11 15 17 21 26 29 31 33 CHAPTER 1 INTRODUCTION TO HUMAN RESOURCE PLANNING Human resource planning (HRP) is the first step in the Human Resource Management (HRM) process. The real HRM process starts with the number and kind of people required by the organization for the coming period. HRP is also known by other names such as “Manpower planning”, “Employment planning”, “Labor Planning”, “Personnel Planning” etc. HRP is a sub-system in the total organizational planning. In other words, HRP is derived from the organizational planning just like production planning, sales planning, material planning etc. Planning the right man for right job and developing him into effective team member is an important function of every manager. It is because HR is an important corporate asset and performance of organizations depends upon the way it is put in use. HRP is a deliberate......

Words: 12141 - Pages: 49

Premium Essay

Recuitment Process of Brac Bank Limited

...A study on Recruitment And selection process of BRAC Bank Ltd. A study on Term Paper On Recruiting Process on BRAC Bank Submitted To: --------------------------- Md.Mahbub ul Alam Senior Management Counsellor Head, Training of Trainers (ToT) & Behavioral Management Division & Member Secretary, Post Graduate Diploma Courses Submitted By: -------------------------- Sabyasachi Bosu PGD-HRM Roll# 14KH002 Bangladesh Institute of Management Date of Submission: December 21, 2014 Letter of Transmittal December 21, 2014 Md.Mahbub ul Alam Senior Management Counsellor Bangladesh Institute of Management Subject: Letter of Transmittal Dear Sir, With great pleasure I submit my Recruitment and Selection process report on “BRAC Bank Limited.” that you have assigned to me as an important requirement of PGD- HRM course. I have found the study to be quite interesting, beneficial & insightful. I have tried my level best to prepare......

Words: 11897 - Pages: 48

Premium Essay

Internship Report

...Factors of customer Satisfaction in telecom industry: A study on Airtel Bangladesh Limited By: Sabrina Alam ID# 1220775 An Internship report presented in Partial Fulfillment Of the Requirements for the Degree Bachelor of Business Administration Independent University, Bangladesh September, 2015 Factors of customer Satisfaction in telecom industry: A study on Airtel Bangladesh Limited By: Sabrina Alam ID# 1220775 Has Been Approved September, 2015 --------------------------------- Md. Aynul Hoque Lecturer School of Business Independent University, Bangladesh Preface This internship report has been prepared on “factors of Customer Satisfaction based on Airtel Bangladesh limited” for the fulfillment of Bachelor of Business Administration (BBA) degree. The purpose behind this report writing is to present the major findings and data about the factors that affect customer services and network condition of Airtel Bangladesh limited. While preparing this report, I have to utilize my practical knowledge which I have gained from my internship of last three months. Moreover, I have to study various journals and research papers about the pros and cons of services provided by Airtel Bangladesh Limited and thus received realistic knowledge about the overall process. I am very much honored to have the opportunity to make a research report on such topic as customer satisfaction is now days a burning issue. I have tried to find out the reasons......

Words: 17533 - Pages: 71