{"unit_bahagian_id":"3","verified_by":"287","secondverified_by":"110","pemohon_id":278,"created_by":278,"updated_by":278,"has_cost":1,"permohonan_title":"ALLOCATION FOR STUDY ON MEASURES AND STRATEGIES TO IMPROVE TALENT DEVELOPMENT","permohonan_background":"1. The Twelfth Malaysia Plan targeted 40% of labor compensation share to GDP to be achieved by 2025 (in 2020 the share was 37%). This study outlines the determinants of changes in labor compensation and recommends medium-term policy interventions to improve the share of labor compensation.\r\n\r\n2. There are three of issues that are inter-related addressed in this study. The first issue addresses specifically the measures and determinants of changes in labor compensation. There are two measurement issues which need to be carefully addressed as it directly influence the outcomes. Salary and wages and components of non- salary and wages (includes payment in kind) correlates differently with the productivity. The measures used in the current policy is likely underestimate the overall income distribution.\r\n\r\n3. The second issue examines the issue of labor displacement and shortage that may affect the level of labor compensation with specific attention will be given to Penang as a case study. The labour shortage may have two direct implications to the labor compensation. First wage adjustment may not take place in the labor market if shortage filled by foreign workers and the need to mobilize domestic unemployed and inactive people to fill the shortage. Penang is important since the data indicated share of vacancies exceeds the share of job seekers and the state is one of the major contributors to the national economy.\r\n\r\n4. The third issue involves a feasibility study for the establishment of a research-based institute that studies and monitors the productivity and competitiveness in Malaysia. The study is vital in addressing areas in labor compensation, productivity, and competitiveness issues of the national priorities since issues concerned are not cyclical but a structural phenomenon. It is also aligned with MPC role as the institution to engage government, policy makers, university, industry players and public.","permohonan_objective":"1. To deepen the understanding of the concept and measures for labor compensation which directly and indirectly affects the productivity and other indicators such as income inequality.\r\n\r\n2. To assess the productivity and labor compensation trends of industries that can provide better understanding on the productivity-compensation gap.\r\n\r\n3. To determine other determining factors (in addition to productivity) that influence the pattern and change in the labor compensation.\r\n\r\n4. To evaluate the types, key features, and determinants of labor shortage by taking Penang as a case study.\r\n\r\n5. To conduct feasibility study in establishing a sustainable research-based institute devoted in providing policy-relevant information oriented towards productivity and competitiveness","permohonan_method":"Seperti di lampiran","permohonan_recommendation":"The Board of Management is requested to consider the approval for the proposed Study on Measures and Strategies to Improve Talent Development by using the the TWIP development budget allocation of RM487,600.00.","permohonan_startdate":"2022-03-01","permohonan_enddate":"2022-08-30","has_project":0,"has_option":0,"total_option":0,"recommended_option_no":0,"applied1_totalcost":"487600.00","status":"D","permohonan_id":26}