EMPLOYERS SHIFT HIRING STRATEGY, FOCUS ON SKILLS INSTEAD
During the global coronavirus pandemic, many companies had to downsize and so they needed to keep those employees who had the skills and training needed to keep the company’s day to day activities going. These same companies scrapped the usual requirements for a higher business degree or prior experience, and focused more on those applicants who successfully finished a training program related to their fields.
This shift in hiring process made it possible for applicants from different backgrounds to be considered way faster by big corporations. This focus on skills rather than traditional education qualifications is becoming rather a global trend because it is simply efficient and cost saving. Nowadays, jobs are often classified around the skills required for them rather than the education background of the applicants. In fact, the companies are spending a lot of capital to invest in training their current employees to meet the current and future demands of a fast changing economy. This led to the expansion of online training courses and the increasing number of organizations providing credentials and certificates to applicants and students. Companies like Google, edX and 2U are offering credentials to both their own employees and those from other companies too. Universities and Business school are also offering short training classes focused a specific skill an applicant needs to acquire to be more employable.
This boom in online skills is most likely to keep growing within the next few years. It is without a doubt that most employees will need to find new skills within the next few years, and some might need to start doing so now if they don’t want to be replaced by more skilled applicants.