INGENIEUR
Services Sector Blueprint
Investment Incentives
The effectiveness of the incentive mechanism will
be enhanced by increasing tranparency, eliminating
duplication and linking to performance. The
following three components will be addressed:
• Ensuring agencies prioritise quality KPIs
during the programme design process.
• Systematically monitoring incentive
performance.
i) Improving coordination;
ii) Enhancing current programmes; and
iii) Emphasising quality and performance KPIs.
“Raising the ROI on our current
incentives, ensuring most critical areas are
sufficiently supported”
Specific recommendations include:
p
Im
Ensuring quality & performance through enhanced
pre-application, approval & monitoring.
e
Is
Enhance
programmes &
close gaps
KP
sis
ha
Emp
12
at
n
io
Improving the central coordination and
management of the provision of incentive
schemes.
• Improving incentive coordination through the
establishment of the Incentive Coordination
& Collaboration Office (ICCO).
rove coordin
on
ce
qua
ma
lity & perfor
Figure 3
Human Capital Development
Human Capital Development aims at producing,
attracting and retaining skilled talent. This will
require Malaysia to address five important factors,
namely: i) graduate industry readiness; ii) enhancing
existing workforce; iii) tapping into alternative talent
pools; iv) dynamic manpower planning system; and
v) quality of the general education system – of which
is addressed in the National Education Blueprint
prepared by the Ministry of Education.
Specific recommendations include:
Improving the industry readiness of
new graduates by :
• Accelerating the delivery of ‘general’
employability skills.
• Fostering greater collaboration between the
*
industry and HEI.
•
•
Improving the impact of bridging
programmes
Raising the profile of the TEVT*pathway
Eliminating mismatch between demand
and supply in the labour market.
• Providing an integrated planning approach to
national manpower planning.
Unlocking the potential of alternative
talent pools by:
• Facilitating more access to highly-skilled
foreign talent.
• Investing in development and training for all
employees.
• Providing a conducive living environment.
* HEI - Higher Education Institute, TEVT - Technical Education and Vocational Training
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VOL 62 APRIL – JUNE 2015
VOL 55 JUNE 2013