The evolving labour market is disrupting assumptions about career tracks — employers and jobseekers need to shift to expertise-based hiring
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Richard Platt
onto Internet of Things - Technology focus October 11, 2022 4:32 PM
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As new technology drives an evolution in business needs, it is less likely you can get by in today’s job market with the skill set you had 10 or 15 years ago. The World Economic Forum has suggested that 1 billion people need to be trained in new and evolving skills by 2030. Recent data from LinkedIn shows how quickly the ground is shifting., saying skill sets for jobs have already changed by 25% since 2015, and expected to double by 2027. As a result, some hiring practices have started to place more emphasis on skills: the number of recruiters who are using LinkedIn skills data to fill positions is up 20% compared with 2021 — with those who follow this method more successful at getting hired. However, most companies are still missing out. According to a Harvard Business School study, 80% of business leaders said their applicant-tracking systems were filtering out 1/2 of high-skilled, qualified candidates because of system parameters such as gaps in work history or missing credentials.
Employers are testing new approaches to plug skills gap in engineering . In its present form, “the job market works a lot better if you went to the right school and had a certain job title from a brand name company”, says Rohan Rajiv, a product manager at LinkedIn.
Rohan said LinkedIn is working on tools to help companies search for candidates based on skills A skills-based approach could help companies to better assess candidates’ potential, because “potential trumps all”, As a long time user of LinkedIn, LinkedIn sucks at this, because if anyone has got competency based skills, I do, and they absolutely DO NOT have anything that is helpful in that department, and I do speak from experience. So LinkedIn, when are you actually going to talk to someone who has the skills that employers want?