There is an increase in demand for industrial training placements, with over 277,000 students, or nearly 2% of Malaysia’s labour market required to undergo internship training yearly.
As such, Talent Corporation Malaysia Berhad (TalentCorp), mandated by the Ministry of Human Resources (MoHR) as the leading agency and facilitator of national industrial training has renewed its commitment to the development and implementation of holistic structured internship frameworks to help address the challenges of unemployment and underemployment amongst graduates.
At the MySIP Appreciation Award to celebrate employers and higher learning institution partners who exercised the benefits of MySIP, YB Datuk Ts. Mustapha Sakmud, Deputy Minister of Human Resources commended TalentCorp’s efforts in driving the MySIP to improve graduate employability, which has expanded to include Technical and Vocational Education and Training (TVET) students.
YB Datuk Ts. Mustapha Sakmud, Deputy Minister of Human Resources delivering his keynote address during the MySIP Appreciation Awards.
“Internship training is a key strategy for our students to be skilled and industry ready. The importance of participating in a structured internship programme cannot be overstated, because it serves as a powerful motivator to bring the best out of our young talents,” he said.
“The Ministry of Human Resources, through TalentCorp will continue studying the details of the proposed National Industrial Training Policy. This will include establishing guidelines for employers to provide a healthy and safe work environment, fair allowances, and structured opportunities for industrial training,” he added.
Since 2012, the TalentCorp National Structured Internship Programme (MySIP) has benefited over 112,000 students, with an average of 600 companies participating each year. MySIP guarantees students undergoing internships in MySIP Companies a minimum monthly allowance and a well-organised, educational internship framework. In addition to offering registered MySIP Companies a double tax deduction incentive, the initiative serves as a valuable talent pipeline for these organisations.
In 2022, TalentCorp launched mynext by TalentCorp, a one-stop platform for the facilitation of MySIP, and for employers and interns to match with each other.
Thomas Mathew, TalentCorp’s Group CEO said that the agency has since introduced various programmes to empower and benefit the Malaysian talent pool, as the most vital and sustainable source of talents to support the Malaysia MADANI economic aspiration.
Thomas Mathew, TalentCorp Group Chief Executive Officer, delivering his welcoming remarks during the MySIP Appreciation Awards.
“This week is our Internship Market Week that we organised in collaboration with the Ministry of Human Resources, the Ministry of Higher Education, the Labour Department, as well as public and private higher learning institutions. The event is held virtually so that it is accessible to students across the country who are seeking internship opportunities,” he said.
YB Datuk Ts. Mustapha Sakmud, Deputy Minister of Human Resources, together with Thomas Mathew, TalentCorp Group Chief Executive Officer presenting the Highest Internship Allowance Paid Award to representative from Crowe Malaysia PLT at the MySIP Appreciation Awards.
A total of 27 awards were presented in the following categories, where recipients include PETRONAS, PwC Malaysia, Pentamaster Technology, KPMG Malaysia, IFast Service Centre, Ambank, Universiti Teknologi MARA (UiTM).
- Companies with Highest Number of Internships Offered
- Companies with Highest Internship Allowances Paid
- SMEs with the Highest Internship Placements Offered
- New Companies with the Highest Internship Placements Offered
- Companies with Highest Number of Internship Vacancy Posts on mynext
- mynext Special Award to Dedicated Higher Learning Institutions
For more information on MySIP and mynext, visit www.mynext.my.
