Employers hiring for skills not experience, titles

As companies adapt to a post-pandemic future, individuals’ ability to demonstrate key skills could become more important than their previous experience or job titles.

That’s according to new insights from thought leaders at Microsoft and LinkedIn, who say the rapid transformation of businesses under the pandemic has changed the way companies are hiring and progressing their staff.

Skills will be the new currency in the post-pandemic world.

Ahmed Mazhari

president and corporate vice president, Microsoft Asia

“Skills will be the new currency in the post-pandemic world,” Ahmed Mazhari, Microsoft Asia’s president and corporate vice president, told CNBC Make It.

Coronavirus-induced lockdowns forced employers to move quickly through 2020, implementing new technologies and flexible ways of working. As a result, “five years of acceleration happened in one year,” said LinkedIn’s managing director and vice president for Asia-Pacific and China, Olivier Legrand.

Now, workplaces will want proof that employees can keep up with the pace of change.

Skills-based hiring ramps up

Fast-tracking Asia’s economy

The International Data Corporation has predicted that global information and communications technology spending will grow by at least 5% annually from 2021 to 2023 as companies and countries play catch up following the pandemic.

Within the next five to 10 years, new technologies — such as robotics, artificial intelligence, and artificial and virtual reality — will account for 25% of that spend, the market research firm added.

“Many countries will skip many series of industrialization and technological progress,” Mazhari said, describing Asia as a mosaic of tech maturity, with China at one end and Cambodia at the other.

“In that leapfrog, the need for more skills will be even more significant than today.”

Preparing the next generation

Drazen_ | E+ | Getty Images

“There’s enough knowledge to be had between Bing and Google,” he said, referring to the internet search engines. “What you cannot get is skills.”

“Skill infusion would be the most critical shift that the education systems need to make, that governments need to implement quite significantly.”

To assist with that transition, last year Microsoft and LinkedIn pledged to equip 25 million people with new digital skills via free online courses from Microsoft Learn, LinkedIn Learning and GitHub Learning Lab.

To date, it has helped 30 million people in 249 countries — close to six million of whom in Asia, according to Microsoft.

The companies now plan to help 250,000 companies make a skills-based hire in 2021 through new tools such as LinkedIn Skills Path, which allows employers to screen candidates based on skills.

LinkedIn’s Legrand said such applied assessments could reduce subjectivity among hiring managers and improve diversity and inclusion.

Don’t miss: These are the fastest growing jobs in Southeast Asia, according to LinkedIn

Like this story? Subscribe to CNBC Make It on YouTube!

Source link

Leave a Reply

%d bloggers like this: