Data-driven Employability Ratings, 100% Determined By Leading Graduate Employers
Malaysia, December 15, 2023 -- Talentbank, a Malaysia's talent ecosystem enabler, proudly unveiled its groundbreaking National Graduate Employability Index (Talentbank’s GE Index) at the 6th Graduates’ Choice Award Presentation Gala, recently hosted at Sunway Resorts Hotel. This significant event, which drew around 1,000 esteemed attendees from leading multinational corporations and premier educational institutions, showcased a prominent gathering of leaders from both academia and industry. The attendees included vice-chancellors, deputy vice chancellors, registrars, career services practitioners, professors, and deans, among others, with a significant representation of 30 vice chancellors from higher education institutions across the country.
The GE Index, a pioneering initiative by Talentbank, aims to transform how the youths plan their careers and assist universities in tailoring curricula to meet evolving industry demands. This significant development was launched in the presence of esteemed guests: Yang Berbahagia Dato' Dr. Haji Megat Sany bin Megat Ahmad Supian, Deputy Secretary General (Policy) of the Ministry of Higher Education Malaysia, and Yang Berusaha Professor Dr. Azlinda binti Azman, Director General of Higher Education, alongside Talentbank's CEO, Mr. Ben Ho.
“Through the Talentbank’s GE Index, Talentbank is taking a significant step towards addressing graduate unemployment in Malaysia,” Mr. Ben Ho commented. “We believe in initiating career planning early in the educational journey, not just in the final university year. This proactive approach will enable students to make informed decisions about their education and future career paths, enhancing their career readiness upon graduation.”
Initiated in 2020, the Talentbank’s GE Index research is based on extensive surveys with top graduate employers in Malaysia, focusing on their university recruitment preferences. This three-year endeavour involved meticulous planning, comprehensive proof of concept development, and strategic market introduction to ensure the methodology's validity and the results' reliability. The insights from this process are crucial in evaluating how well universities prepare graduates for the job market.
In brief
Talentbank launched its National Graduate Employability Index at the 6th Graduates’ Choice Award Presentation Gala in Malaysia. The company says the index uses employer recruitment preferences, graduate hiring numbers and repeated hiring linked to positive performance to assess how universities prepare students for work. Talentbank says the research began in 2020 and involved a three-year process. The index is intended to help students consider career prospects when choosing a university and to inform universities’ curriculum planning. The launch event drew around 1,000 attendees, including representatives of higher education institutions and industry. Talentbank CEO Ben Ho said the initiative is intended to support earlier career planning and address graduate unemployment in Malaysia.
Key takeaways
- Talentbank introduced its National Graduate Employability Index at a gala in Malaysia.
- The index assesses employer recruitment patterns and graduate hiring across universities, according to Talentbank.
- The company says the research began in 2020 and followed a three-year development process.
- Talentbank intends the index to inform students’ university choices and help universities tailor curricula to industry needs.
Talentbank’s GE Index stands out as a comprehensive tool in assessing graduate employability across Malaysia. Employing a unique tripartite methodology, the GE Index provides a holistic view of how well universities are preparing their students for the workforce. This methodology includes three key aspects: firstly, identifying the universities that employers typically recruit from, secondly, quantifying the number of graduates hired from each university, and thirdly, evaluating the frequency of recurring hires based on positive performance. Far surpassing the scope of a mere survey, the GE Index serves as a vital career guide, strategically designed to reshape the way students approach their educational journey. Its primary aim is to significantly reduce the rate of graduate unemployment in Malaysia, offering a proactive roadmap for students to align their education with real-world job market demands.
The event concluded with Mr. Ho and his team expressing their appreciation to the attendees and reaffirming their dedication to improving graduate employability in Malaysia.
Talentbank's National Graduate Employability Index is an independent, apolitical centre of research and consultancy well versed in the graduate employability terrain. It evaluates thousands of leading graduate employers in key industry sectors to understand the employment trends amongst the graduates. Talentbank GE Index is focused on increasing the knowledge and practical experience to encourage better employability for the nation.
For more information about Talentbank’s National Graduate Employability Index, please visit https://www.talentbankgroup.com.
About the company: Established in 2010, Talentbank is a pivotal player in Malaysia's talent ecosystem, offering innovative solutions to bridge the gap between employers and outstanding talent. Their diverse offerings include career matching platforms, career fairs, employability assessments, and job placement services, all designed to create significant connections within the employment sector. Talentbank's National Graduate Employability Index is an independent, apolitical centre of research and consultancy well versed in the graduate employability terrain. It evaluates thousands of leading graduate employers in key industry sectors to understand the employment trends amongst the graduates. Talentbank GE Index is focused on increasing the knowledge and practical experience to encourage better employability for the nation.
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Organization: Talentbank Sdn Bhd
Address: B-0-19, Plaza Damas 3,, Jalan Sri Hartamas 1, Jalan Sri Hartamas 1, 50480 Kuala Lumpur, Malaysia.
Phone: 0123111021
Website: https://www.talentbankgroup.com
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Questions around this news
How does the National Graduate Employability Index assess universities?
The release says the index uses three measures: which universities employers typically recruit from, how many graduates they hire from each university, and how often they return to hire graduates after positive performance. It describes the research as based on surveys of graduate employers in Malaysia and intended to show how well universities prepare students for work.
Who is the index intended to help, and what is its goal?
The index is intended to help students consider career prospects when choosing their education path and to help universities adapt curricula to industry needs. Talentbank says the broader aim is to reduce graduate unemployment in Malaysia by helping students align their education with job-market demands and plan for careers earlier in their studies.
What does graduate employability mean?
Graduate employability refers to a graduate’s ability to gain work, maintain employment, and adapt skills to changing workplace needs. It can involve more than academic qualifications, including relevant experience, communication, problem-solving, and the ability to apply knowledge in a professional setting. The meaning and measures can vary across industries and employers.
What is a tripartite methodology?
A tripartite methodology organizes an assessment around three components or perspectives. The components depend on the study: they might be three types of evidence, stages of analysis, or groups of participants. Using several components can provide a broader view than relying on a single measure, though the results still depend on how each component is defined and applied.
