But despite all this swift change, we continue to measure workforce supply and demand in an archaic manner - via the supply and demand of job titles. This method isn’t ideal because job titles can mean different things in different industries and geographies.
At LinkedIn, we view job titles as an accumulation of skills (for example, a journalist’s skills include writing, editing, communication, and critical thinking, to name a few). Therefore, we believe the best way to measure workforce supply and demand is by analyzing workers’ skills and the skills needed to qualify for open jobs.
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About 45,000 companies across the globe, and hundreds of thousands of recruiters, use LinkedIn to hire. But unfortunately, many have been struggling to find candidates with certain skills. At Resyfy, we know well that when a person struggles to fill a role, her productivity, and life quality drop.
It’s interesting to see what happens when employers look beyond job titles and search for candidates with skills related to the skill they need.
That’s exciting for two reasons: first, it could immediately broaden the talent pool available to employers. And second, it could help prevent workers whose jobs could have been left behind by the Fourth Industrial Revolution from becoming unemployed.
Resyfy is here to help
Our vision is to create economic opportunity for every member of the global workforce - sign up @ Resyfy today and find opportunities beyond job titles.