How does the MoU with GLCs and private firms address TVET mismatch?

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The MoU aims to address TVET mismatch and unemployment through enhanced training initiatives.

A Memorandum of Understanding (MoU) has been established between the government, government-linked companies (GLCs), and private firms. This agreement specifically targets the persistent issues of skills mismatch and unemployment experienced by students graduating from Technical and Vocational Education and Training (TVET) programmes. The collaboration is designed to improve employment outcomes for these graduates.
Focus on Training to Bridge Skills Gaps

The core of the MoU centres on developing and implementing training programmes. These initiatives are intended to directly tackle the disconnect between the skills acquired by TVET students during their studies and the competencies demanded by the current job market. By aligning training with industry needs, the aim is to make TVET graduates more readily employable.
Incentives for Employing TVET Graduates

As part of the broader efforts under Budget 2023, the Ministry of Human Resources (KSM) is implementing an employment transition programme. This programme, launched on May 1, includes a specific component for TVET apprentices and school leavers. It offers employers an incentive payment of RM600 per month for a duration of three months if they hire TVET graduates, encouraging direct uptake of these skilled individuals.
Broader Active Labour Market Programmes

Beyond the direct TVET focus, the KSM is also overseeing other active labour market programmes. These include initiatives for informal gig economy workers, offering a RM300 monthly allowance for three months to those undergoing skills training to transition into formal sector jobs. Additionally, the Daya Kerjaya programme extends targeted employment incentives to various groups, including long-term unemployed youth and vulnerable populations, aiming to broaden employment opportunities across the board.

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How does the MoU with GLCs and private firms address TVET mismatch?

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