07/17/2024

Stay Competitive by Tapping a Global Workforce

Developing your workforce through remote working, skills-based hiring

As companies look to meet new and challenging talent demands, they are no longer allowing traditional job requirements to narrow their pool of applicants. More organizations are leveraging remote work, and companies ranging from start-ups to stalwarts like Google and IBM have begun removing degree requirements from job postings. "Competence over credentials" (BCG’s term for this trend) has a nice ring to it, but there are specific reasons why this has become a necessary strategy.

IT and development teams are tasked with doing more with fewer resources. New technologies require highly specialized knowledge, and leaders need help to fill the necessary roles. Even in an environment with an apparent abundance of candidates, the specificity of particular requirements can make them difficult to fill. With the current pace of innovation, these roles may not even be needed in another six months as the tech landscape shifts and the organization shifts priorities to the next new opportunity.

If you’re only looking for full-time, in-office hires and are only considering candidates from prestigious four-year universities, you’re drastically limiting your options. Case in point for engineers: many of the top in their field gained their experience through less traditional paths, some substantially value the flexibility provided by project-based work versus a full-time commitment, and 99 perfect live more than an hour from your headquarters. Studies point to freelancers reaching a tipping point of outnumbering full-time workers in the next few years. Are you ready for that future?

Please select this link to read the complete article from SmartBrief.