Learning and career pathways aren’t clear-cut anymore. Radical changes in the workplace and technology are causing organizations to shift from a model of steady progression along a job-based pathway, to one that empowers individuals to acquire valuable experiences, explore new roles, and continually reinvent themselves, according to the 2018 Deloitte Global Human Capital Trends report. This shift makes learning, employment, and advancement opportunities more intertwined than ever.
Digital credentials are the currency of this emerging workforce, bringing a common language to knowledge, skills, and abilities regardless of whether they were learned on-the-job or in the classroom. Here are three ways digital credentials help bridge the gap between education and employment:
Digital credentials tell the full story. Research from the Association of American Colleges & Universities indicated that 80 percent of employers found e-portfolios to be helpful, but only 45 percent found the traditional transcript to be helpful. Digital credentials tell the full story of an individual beyond what fits on a resume or transcript. With leading digital credentialing platforms like Credly, earners are able to curate a robust professional profile that tells the complete story of their skills and achievements, whether earned from education institutions, through on the job training, or professional associations.
Digital credentials strengthen employer-academic partnerships. Continuing education is in demand: by 2020, 65% of all jobs will require postsecondary education and training, according to a Georgetown University Center on Education and the Workforce report about job growth and education requirements. Employers are partnering with education institutions to support this demand for new skills and build talent pipelines. Digital credentials enable these employer education programs to recognize employee achievements in a verifiable, stackable, and engaging way. Higher Education institutions are also tailoring their curriculum to meet the needs of the communities in which they serve. For example, Madison College curated a beer brewing course when local breweries couldn’t find talent to fill jobs.
Digital credentials support the shift to skills-based hiring. Fifty-one percent of employers are moving to competency-based microlearning, according to CareerBuilder. And, that’s no surprise since skill-based hiring can reduce cost-to-hire by 70% and time-to-train by 50%. Digital credentials help employers make more informed hiring decisions, providing insight into specific skills a prospective employee has to do a job.
With Credly, you can join a network of organizations, educational centers, and professionals around the world, all communicating with a common, verified network of credentials to bridge gaps and build opportunities. Contact us to learn more.