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Malaysia: Call to Build Leadership Talent for MNCs |
| Source: |
btimes.com.my |
| Source Date: |
Friday, September 10, 2010 |
| Focus: |
Knowledge Management in Government
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| Country: |
Malaysia |
| Created: |
Sep 13, 2010 |
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A lot of multinational corporations (operating in Asian countries) have Western leaders because they are struggling to develop local leaders, says Randstad
Malaysia has to focus on building leadership talent, especially to head multinational corporations (MNCs) in the country and region.
Karin Clarke, regional director for Singapore and Malaysia at Randstad, a global employment services firm, said that among the top 100 MNCs in Asia, 70 per cent of their regional headquarters are headed by Westerners.
"In the whole of Asia, there is a gap in building talent for leadership. A lot of MNCs (operating in Asian countries) have Western leaders because they are struggling to develop local leaders," she told Business Times in an interview.
Clarke feels that the public and private sectors in Asia should collaborate to set up a regional centre to develop leaders for the region.
On leadership change as the country moves into a high-income nation by 2020, she said in an Asian culture like Malaysia, transparent communications between the management and the staff is the utmost importance.
She said employers have to communicate a clear short-term and medium-term vision, strategy and goals of the company to the employees.
"They need to be transparent as to where they are heading ... collaboration and teamwork," she said.
Clarke said as Malaysia has just come out from the financial crisis, the pressure is to increase the productivity.
"So, it is about getting people to work together," she said.
On the law giving protection to part-time workers under the Regulations (Part Time Workers) 2010, Clarke said it will attract women and retirees to enter the workforce due to the flexible working pattern.
"This will open a new avenue for Malaysia as it will allow mothers, students and those who do part-time jobs to work," she said.
Part-time work is common in many countries, but Malaysia is now providing protection to part-timers as they are entitled to Employees Provident Fund contributions, social security organisation coverage, medical entitlements and leave.
These will be pro-rated based on the time spent on the job by the workers.
The ruling, incorporated into the Employment Act 1955, will come into force on October 1 this year.
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Malaysia: Call to Build Leadership Talent for MNCs A lot of multinational corporations operating in Asian countries have Western leaders because they are struggling to develop local leaders says Randstad
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