The advent of technology has brought about an increasingly digital economy, resulting in many Malaysians fear losing their jobs, a study by Workday and market intelligence firm IDC found.<\/p>\n
\u201cForty-three percent of Malaysian employees feel their jobs are at risk due to an increasingly digital economy,\u201d Workday, a provider of cloud-based applications for finance and human resources, said.<\/p>\n
The study revealed that despite a high awareness of digitalisation among Malaysian employees, 73% of the respondents expect greater use of technology in the workplace, while 37% feel that they do not have the right skills to compete in an increasingly digital economy.<\/p>\n
\u201cForty-four percent of Malaysian employees feel their managers are not proactively engaging them about digitalization to future-proof their career,\u201d Workday said in a statement.<\/p>\n
The study was conducted and published amidst an overwhelming trend towards digitalisation in Asia Pacific, with at least 60% of its GDP (excluding Japan) being digitalised by 2021.<\/p>\n
\u201cThe research shows there will be growth in every industry driven by digitally enhanced offerings, operations and relationships,\u201d said Jasie Fon, managing director of Workday Southeast Asia.<\/p>\n
She added that the wave of digitalization brings both new opportunities and threats. Companies must invest in training and reskilling their employees to prepare them for the challenges ahead.<\/p>\n
The findings also revealed that Malaysia has one of the highest turnover rates in the region with 38% of employees saying they are likely to switch jobs in the next 12 months.<\/p>\n
\u201cThe main pull factors for switching jobs in Malaysia include better pay and career prospects while a positive work\/life balance is the main driver for happy and engaged employees,\u201d the report concluded.<\/p>\n
The survey was conducted with over 1,400 employees in eight countries across the region, namely Malaysia, Singapore, Thailand, Hong Kong, New Zealand, Australia, Japan and South Korea.<\/p>\n