The relationship between human capital and employability: Issues from the firms’ perspective
List of Authors
  • Rasid Mail , Roslinah Mahmud, Rostika Petrus Boroh

Keyword
  • Human capital Factors, Employability and Audit Firm perspective

Abstract
  • Based on the theory of human capital, education plays an important role in terms of being a signal for employer demand in selecting employees. Without this signal, the unexpected derange between employer and employee will happen. The issue of unbalance between supply and demand in labour market especially in some industries becomes a critical issue from the economic view. One of the concerns is about the number of labour supply from graduates have increased but the labour demand from the industries never be equal to the supply. This study was developed to answer the question related to the factors affecting the issue. The objective of this study is to analyse the relationship between human capital factors such as academic performance, skills, and experience with the issue of employability among a graduate in Kota Kinabalu Sabah. This study used a quantitative approach and a structured questionnaire as an instrument. Based on the audit firm employer perspective, the results show that there is a significant relationship between the human capital factors (academic performance, skills, and experience) with employability from the prospective audit firm employer in Kota Kinabalu.

Reference
  • 1. Clarke, Marilyn. (2008). Understanding and managing employability in changing career contexts. Journal of European Industrial Training. 32. 258-284.

    2. Dacre Pool, Lorraine & Sewell, Peter. (2007). “The key to employability: developing a practical model of graduate employability”, Education Training, Vol. 49 No. 4, pp. 277-89. Education and Training. 49. 277-289.

    3. Department of Statistics, Malaysia (2019); https://www.dosm.gov.my

    4. Fisher, C. (1998). The Student Perspective. Presentation at the Conferences on Employability, Copenhagen Business School, October.

    5. Harrington, A. (2005). Modern Social Theory. 1-13.

    6. Harris, A. L., Lang, M., Yates, D., & Kruck, S. E. (2008). Incorporating Ethics and Social Responsibility in IS Education. Journal of Information Systems Education, 22(3), 183-189.

    7. Harun, R., Hock, L. K., & Othman, F. (2011). Environmental Knowledge and Attitude among Students in Sabah. World Applied Sciences Journal, 14, 83-87.

    8. Harvey, Lee. (2000). New Realities: The Relationship Between Higher Education and Employment, 3-17.

    9. Harvey, Lee. (2001). Defining and Measuring Employability. Quality in Higher Education, Vol. 7, No. 2.

    10. Harvey, L., Moon, S., Geall, V. and Bower, R. (1997), “Graduates’ work: Organisational change and students’ attributes”, Centre for Research into Quality, University of Central England Birmingham, available at: www.uce.ac.uk/crq/publications/gw/ (accessed 2 February 2007).

    11. Helyer, Ruth & Lee, Dionne. (2014). The Role of Work Experience in the Future Employability of Higher Education Graduates. Higher Education Quarterly.

    12. Hillage, Jim & Pollard, Emma. (1998). Employability: Developing a framework for policy analysis. Labour Market Trends. 107. 83–84.

    13. Humburg, Martin & van der Velden, Rolf & Verhagen, Annelore. (2013). The Employability of Higher Education Graduates: The Employer’s Perspective.

    14. Ismail, Noor. (2011). Graduates’ Characteristics and Unemployment: A Study Among Malaysian Graduates. International Journal of Business and Social Science. 2(16), 94-102.

    15. Jr, Hair, & Ringle, Christian & Sarstedt, Marko. (2011). PLS-SEM: Indeed, a silver bullet. The Journal of Marketing Theory and Practice. 19. 139-151.

    16. Loretta J. 2015. “Community Development and Human Capital Loretta J Mester-President and CEO-Federal Reserve Bank of Cleveland-2015 Policy Summit on Housing, Human Capital, and Inequality,” Speech 60, Federal Reserve Bank of Cleveland.

    17. McQuaid R, Green AE & Danson M (2005) Introducing employability, Urban Studies, 42 (2), pp. 191-195.

    18. Pegg, Ann & Waldock, Jeff & Hendy-Isaac, Sonia & Lawton, Ruth. (2012). Pedagogy for Employability.

    19. Saterfield, T. H. and McLarty, J. R. Assessing employability skills. ERIC Digest, ED391109, USA, 1995.

    20. Tan, Lay Cheng, and Erika French-Arnold. (2012). “Employability of Graduates in Asia: An Overview of Case Studies.” In Graduate Employability in Asia, edited by UNESCO, 1–4. Bangkok: UNESCO Bangkok, Asia and Pacific Regional Bureau for Education.

    21. Yusof, Nooriah & Jamaluddin, Zakiyah. (2015). Graduate employability and preparedness: A case study of University of Malaysia Perlis (UNIMAP), Malaysia. Geografia - Malaysian Journal of Society and Space. 11. 129-143.

    22. Yusof, N., & Jamaluddin, Z. (2015). Graduate employability and preparedness: A case study of University of Malaysia Perlis (UNIMAP), Malaysia. Geografia: Malaysian Journal of Society and Space, 11(11), 129–143.