MALTA skilled workers, what’s next

Visa programmes to attract skilled workers?

MALTAway for your Board Members and Governance

To compete in a global market Malta has to compete on the skilled workers as well, rewarding them to move here, taxation is just a way

The KPMG’s biennial financial services conference questions ‘what’s next?’ for Malta’s financial services industry


The financial services industry is finding it hard to recruit skilled workers because Malta’s education is preparing “robots” and not independent thinkers, speakers taking part in a financial services conference said today.

In a day-conference at the Hilton organised by audit firm KPMG Malta, senior partner Tonio Zarb said Malta had to work harder to reach the level of sophistication of other countries in the financial services sector.

“One way of doing this is to import expertise. Innovation is closely tight to education and we need to encourage a change in our education system to produce independent thinkers, and not robots,” Zarb said.

Malta Financial Services Authority chairman Joe Bannister drew attention to the fact that, despite the complaints of the industry, very few came forward to help with training prospective workers.

He explained how last year, only 90 placements were granted down from a 120 the previous year. Bannister went on to state that students were attracted to the financial services industry because of the high salaries. He went on to warn of risks of creating a wage inflation.

One way of bridging the gap resulting from skills shortage was through the setting up of visas programmes, such as those employed by the United Kingdom, FinanceMalta chairman Kenneth Farrugia said.

The UK brought in a 20,700-a-year cap on skilled workers from outside the EU in 2011.

KPMG partner Juanita Bencini went on to suggest that the solution could be closer to home: increase female participation. 60% of University graduates are women but less than half of the full-time working population are women.

“We have to tackle the defeminisation of the workforce and we [financial services sector] should be at the centre of increasing female participation.

It’s also translated into how employers look at it,” Bencini said.

“There is a huge mismatch between what the industry wants and what comes out of university. We have not shown enough courage to ensure that this talent doesn’t drop off and we cannot afford to have them disappear of the face of the earth.”

Bencini added that what the government did with the universal provision of free childcare centres had helped a lot but the private sector needed to do something different too.

“Can we see our males working four days a week? We really need to start thinking to ensure female participation is there and this will make the industry grow,” she said.

Labour MP Charles Mangion also highlighted the country’s stability as a key attraction to investors. He noted, that the cross-party consensus that existed for years allowed the sector to flourish.

The financial services sector contributes some 12% to the country’s GDP.

The best are moving away! Italian Expats Abroad, Multilingual and Educated – I migliori se ne vanno? Italian Expats, multilingue e istruiti

The best are moving away! Italian Expats Abroad, Multilingual and Educated – I migliori se ne vanno? Italian Expats, multilingue e istruiti

Expats from Italy move abroad for practical reasons, rarely intending to abandon their home country forever.

To move to Malta, MALTAway is your way

Probably due to current subpar economic conditions in their home country, Italian expats’ main motivation for relocation is often the improved working opportunities other countries can offer. Over half (53%) mention the economy and/or labor market as an important factor for their decision to live in another country and the overall single most important reason for leaving Italy is finding a new job abroad, as listed by 19% of Italian respondents. As such, typical expat types among Italians are the Foreign Assignee (21%) and Career Expat (16%).

Germany (hosting 17%) and Switzerland (10%) are the most favored countries of the Italian expats, likely because of the proximity to the motherland. The short distance to home is indeed an attribute Italians appreciate, with 28% mentioning it as an issue that was on their mind when considering moving abroad.

Expat Statistics 2015

Expat statistics on Italians abroad - infographic

Speaking Proficiently

Regardless of where expat life takes them, Italians seem to be fairly talented when it comes to languages. Close to half (46%) state they speak four or more languages including their mother tongue(s). Globally only 30% of the expats are so accomplished. Italians also seem to have a good command of the local language in their respective host country: 58% boast being able to speak their host country’s language fairly or even very well, while only 48% of all survey participants say the same. Improving language skills also serves as a motivation to move abroad: 13% of Italian expats mention it as one reason for their relocation.

Academic Accomplishments

As mentioned, Italians often travel abroad driven by better working opportunities. Highly educated – two-thirds have a post-graduate degree such as a Master’s degree or PhD – Italian expats nevertheless tend to be conventional employees and managers (63% vs. the global 47%) rather than, for example, researchers (6%), freelancers (5%), or entrepreneurs (6%).

Overall, the effort of moving abroad is rewarded in the form of higher incomes: 73% say they currently earn more than they would back home and 35% even go so far as to say their income is now a lot higher. In general, Italian expats also have slightly higher incomes than the worldwide average: 59% of the Italians say their annual household income is higher than 50,000 USD, compared to 51% among the entire survey population.

Love across Borders

Italian expats happen to be single more often than the global average would suggest (46% vs. a worldwide 38%). Of those who do have a partner, 16% are in a long-distance relationship with their better half residing in another country.

On the other hand, only two in five Italians in a relationship have a partner who is also Italian. In 28% of the cases the partner is neither from the home country nor the current country of residence.

Attending Expat Activities

Expats from Italy have a tendency to keep company mostly with other expats. Almost half (48%) say their acquaintances consist mainly of fellow internationals; around the globe only 34% say the same. When asked about the origin of their expat friends, 21% say they are mostly from Italy, too. On the other hand, close to one-third (32%) has expat friends from a third country with a different culture and no shared language.

Being work-oriented, Italian expats most commonly meet new people through their jobs: two-thirds of them mention work as a place to socialize, followed by those who find friends through other friends (55%). Italians also frequently attend expat events, with 45% saying these are a good place to make new friends.


Using skills-infested job descriptions can exclude the very best talent

Using “skills-infested job descriptions” can exclude the very best talent
Descriptions listed on any job boards are not job descriptions at all; they’re people descriptions

Job descriptions should describe what the person in the job needs to do, (e.g., design circuits, sell homes, diagnose problems, fix automated test equipment, and architect systems, and the like,) not describe the skills needed to do the job

“skills-infested descriptions” exclude great people who can do the actual work extremely well,but don’t have the exact list of skills and experiences supposedly required.

Instead of falling into the skills and experience box-checking trap, I suggest recruiters ask hiring managers to define the work that needs to be done before defining the skills the person needs to have to do the work, as a performance-based job description

Thanks Lou, great job indeed*1_*1_*1_*1_*1_*1_20130117183637*515454*5the*5most*5important*5interview*5question*5of*5all*5time&trk=prof-post



We’re heading into a jobless future, no matter what the government does….finding jobs 4 humans

We’re heading into a jobless future, no matter what the government does….finding jobs 4 humans