LinkedIn says the next new trend in the labor market will be proven skills and not just college degrees

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Companies are shifting towards a skills-based approach to hiring, expanding their pool of potential candidates by nearly 10 times, says a Linkedin report. A labor shortage and early retirements are contributing factors.

a ‘skills-first’ approach to hiring also increased an employer’s number of potential candidates by nearly 10 times.

Director of global employment policy and special initiatives Stephanie Ferguson said that even if every unemployed person in the country found a job, we would still have more than four million open jobs.The US Chamber of Commerce reports that early retirement and better savings during the Covid-19 pandemic is holding people from coming back to the workforce.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese companies rush for hedging as market volatilities spikeSHANGHAI : Chinese listed firms are embracing hedging at a record pace, according to consultancy data, as market volatility rises and China grows its derivative market.During the April-June period, more than 120 China-listed companies in non-financial sectors unveiled plans for the first time to hedge ris
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China's metal export curbs reignites global companies' hunt for stable suppliersSHANGHAI/STOCKHOLM/WASHINGTON : China's decision this week to restrict exports of some strategic metals has prompted more companies to re-think their reliance on the world's No. 2 economy at a time when mounting geopolitical tensions have fed fears that more curbs could be coming.In a move that a top Chin
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »