Its Chairman Datuk Clarence Bongkos Malakun said the outflow of Malaysian talent has not been replaced with inflows, damaging the quality of workers in this country.
"Sixty per cent of immigration into Malaysia had only primary education or less. Fifty four per cent of Malaysian brain drain went to Singapore, 15 per cent to Australia, 10 per cent to the USA and 5 per cent to the United Kingdom," he said.
"It is not enough to develop skilled human capital pool. It is important to sustain employability by offering incentives… not entirely financial incentive or motivation through pressure, but creating a conducive environment such as fair treatment, recognition and rewards," he said.
According to Bongkos, creating a healthy competitive job market can be beneficial towards the industry as a prompter for employees to be motivated in order to elevate productivity.
"Challenge our people to achieve ambitious goals, engage their interest, passion and idealism, give them the opportunity to pursue their interests.
We need more people who are willing to have an open mind to the various ideas available within the developed nations and having the courage to go out to the ground and investing themselves in making sure these ideas are realised in developing Malaysia and Sabah into an important global player," he said.
" We have no doubt that human capital and talent can be nurtured.
Different people have different innate abilities. We may look at other countries such as Singapore and Dublin in developing their human capital as a loose model."
" We should take the initiative to find ways to create an ideal environment to create human capital with quality.
At the same time, they need to be given space to develop and exercise their creativity to open up Sabah into a well-developed professional industrial space and vibrant lifestyle hub as part of SDC's 2020 aims," added Bongkos.
He said domain expertise is recognisably important and organisations needs specialists in fields relevant to their industry, but looking at human capital in a broader view the State could benefit from utilising skilled employees with various background, knowledge and experience.
He also believed the forum would be a turning point to human capital development and enhancement in the mission to achieve a developed status by the year 2020.