The Effect of Aging Workforce in Malaysia Construction Industry

Yee, Yong Yan (2020) The Effect of Aging Workforce in Malaysia Construction Industry. Final Year Project (Bachelor), Tunku Abdul Rahman University College.

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Abstract

There are some construction workforce who aged over 60 years old plan to retire within five to ten years, which result in skilled shortage as the low entrants of young local workers to fill the skill gaps. It is projected that the problem of aging workforce will getting serious in the construction industry as the industry is relies heavily on workers. Earlier studies focused on skill shortage, there are limited studies examine the issue of aging workforce in construction industry. Hence, the aim of this research is to examine the effect of aging workforce in construction industry to increase the awareness of the severity of aging workforce and its effects on construction industry. Survey questionnaire was conducted for data collection. The targeted respondents are those registered contractors who are categorized under Class G7 in the registered list from Construction Industry Development Board Malaysia (CIDB) in Kuala Lumpur area. About 50 respondents took part in this survey. Total thirteen causes and thirteen impacts of aging workforce were identified through literatures. Questionnaire results showed the highest and lowest causes and impacts of aging workforce that ranked by the respondents. As a result, the “high cost of living” was observed as top cause of aging workforce in construction industry, whereas the “older worker has a wealth of job experience and knowledge” was ranked as the top impact of aging workforce in construction industry. These findings provide a clear understanding of the causes and impacts of aging workforce that the clients and contractors could develop and implement right strategies to solve the aging issue.