Industry Guide for the Gen-Y Workforce (Part 1 – Tech Companies)

Just graduated or looking for a career shift? Here’s my personal assessment of the prospects of various industries in Malaysia.

Technology Companies – (E.g. Software, hardware, communications)

Dotcom bust fears aside, the technology sector is the most vibrant and lucrative. The high number of companies that fall short of succeeding in this challenging industry may be daunting, but critics need to take into account the very low barriers to entry in this industry, long incubation period and rapidly changing landscape. Companies that can overcome the downsides of this industry will be those that position themselves at the top of the value chain, emphasise high service standards and utilise effective market research.

Top end value chain companies would be those dealing with R&D, servicing or re-engineering, as opposed to the lower end value chain companies such as those doing assembly, rolling out of technologies older than 3 years (think SMS) or maintenance. 

Tech companies also understand the Gen-Y workforce best, with more flexible hours, juvenile perks like bean bags, drink fountains and foosballs tables as well as a generally young workforce. While some tech companies may not pay well, opting for equity stakes in the technology you help develop is a very good idea and could potentially set you apart from your peers.

Next :  Consumer Markets, Food and Beverage, Leisure, Real Estate and Construction, Healthcare, Agriculture, Professional Services.