The skills gap in Malta has evidently become a problem, specifically in industries related to Science, Technology, Engineering and Mathematics (STEM). The demand is expected to increase making STEM skills essential to sustained economic growth.
The MGA (Malta Gaming Authority) published an article that better understands the gap in the gaming industry. The results identify that 781 unfilled positions were reported by Malta-licensed gaming companies as at the end of 2017. The article suggests that the main reason for the shortage of candidates is the lack of adequate work experience as well as the salaries that SME’s can offer their employees vs larger organizations, particularly those in gaming.
The gaming industry in Malta has grown noticeably over the last few years. More than 20 applications have already been received by the MGA this year. Reports have shown that employment in the gaming industry in Malta rose by 31% during the first half of 2016 and are not showing any signs of declining. Industry stakeholders and decision makers understand its significance to the economy, resulting in a strong commitment to this sector. In 2017, it generated just over €1.1 billion in terms of Gross Value Added (GVA) accounting for over 11% of Malta’s overall GDP.
The industry contributes to over
11% of Malta’s overall GDP
In a survey conducted by the MGA 72% of employees in Gaming were non-Maltese, a substantial increase from the previous year. This highlights the need for better educational resources and lack of definite skillset in Maltese applicants. The analysis emphasizes the need for better resources in order to rectify the skills gap. The need for a larger talent pool is imperative and equipping youths with the skills they need is essential.
There has also been a substantial increase in employee turnover within the gaming sector with candidates moving on as early as 3 months after starting a new role. Candidates may be offered more value through better perks, a higher salary package and a healthier workforce by competitors.
Relocation costs are also an issue specifically in smaller organizations. With a lack of local candidates, many SME’s don’t have the budget to offer relocation packages or a sustainable salary to their applicants.
Malta Safe Landing Programme
Our Safe Landing Programme was created to welcome and relocate foreign nationals and their families to Malta.
Educational programmes through the European Gaming Institute of Malta (EGIM), launched in November 2017 following an agreement between the MGA and the Malta College of Arts Science and Technology (MCAST) began in October 2018. With better educational programmes, short courses and seminars in place, more local talent will be available to fill the ever-growing number of open vacancies.