Friday, May 9, 2025
30.1 C
Singapore

LinkedIn: Proven skills over college degrees, the next big thing in the labour market — here’s how to stand out to employers in 2023

- Advertisement -

Companies are no longer just looking for traditional degrees but are now focusing on skill sets that employees bring with them.

According to a LinkedIn report, a ‘skills-first’ approach to hiring also increased an employer’s number of potential candidates by nearly 10 times. “Skills-based hiring is the great white whale, the holy grail of the labor market,” said Harvard Business School management professor Joseph Fuller.

Linkedin Trends

What has triggered this is an ongoing labour shortage. The US economy added 339,000 jobs in May, but there aren’t enough fans to fill them.

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.

- Advertisement -

The US Chamber of Commerce reports that early retirement and better savings during the Covid-19 pandemic are holding people from coming back to the workforce.

According to a LinkedIn report, more than 45% of employers searched for candidates using skills data on the platform in the last year, a 12% jump from last year.

How to capitalize on this?

LinkedIn recommends workers build on their existing skills to maximize their potential. LinkedIn members added 380 million skills and certifications to their profiles last year.

This includes tangible and intangible skills such as digital marketing, business development, storytelling, and problem-solving.

- Advertisement -

Another good thing would be to sign up for certificate programmes or anything similar to upgrade your skills and knowledge. Adding new certifications to your resume will improve your chances of being hired, even without a traditional degree or diploma.

Also, don’t forget to keep updating your LinkedIn profile and resume.

Read More News

FIRED: Supermarket employee for filming men stealing countless laundry detergent

- Advertisement -

The photo above is from Wikipedia

The post LinkedIn says the next new trend in the labor market will be proven skills and not just college degrees appeared first on The Independent News.

- Advertisement -

Hot this week

Asia’s rice bowl at risk as India-Pakistan conflict threatens regional food security

INTERNATIONAL: As pressures between nuclear-armed adversaries India and Pakistan...

Asia’s rice bowl at risk as India-Pakistan conflict threatens regional food security

INTERNATIONAL: As pressures between nuclear-armed adversaries India and Pakistan...

Johor businesses urged to tap JS-SEZ for growth and investment opportunities

MALAYSIA: Businesses in Johor have been strongly encouraged to...

Asia’s children starve as planet burns: UNICEF sounds alarm on surging child malnutrition in Asia

SINGAPORE: Children appeared to be the most defenceless victims...

Singapore SMEs eye JS-SEZ for growth amid rising costs and global trade tensions

SINGAPORE: The Johor-Singapore Special Economic Zone (JS-SEZ) is emerging...

Singaporean man charged in Johor with trafficking over 10 kg of drugs

MALAYSIA: A Singaporean man has been charged with trafficking...

Related Articles

Popular Categories