Hiring Digital Skills: Organizations Say 5G, Crypto, Metaverse Are “Here We Are”
As if organizations aren’t concerned enough about their workforce as the digital skills gap deepens, new research finds they must also grapple with talent acquisition for new technologies expected to become the industry standard. is shown.
That’s because new technologies such as 5G wireless, cryptocurrencies, and the metaverse will “take hold,” according to the recent “AWS Global Digital Skills SurveyBased on research conducted by Gallup and published by Amazon Web Services (AWS).
Using data collected in August of more than 30,000 workers and 3,000 hiring managers in 19 countries, the study explored the economic benefits of a tech-savvy workforce and found that several has been found to have the advantage of
“The results consistently show that digital skills provide immense economic value to businesses and workers around the world, increasing gross domestic product (GDP), revenue growth, innovation, wages, job security, and It has shown to increase worker satisfaction with companies integrating technology – a necessary skill set,” said AWS. “While both employees and organizations are showing strong interest in training in digital skills, companies around the world are struggling to fill the vacancies that need these skills.”
But there are obstacles to mastering these digital skills, both on the part of individual workers and companies.
“Gallup also found some practical barriers to hiring digital workers, such as how much employers value non-degree qualifications such as industry certifications, There was a noticeable gap between behavior and when evaluating candidate resumes,” AWS said. “Specifically, the study found a self-imposed skills gap in technical job requirements. Employers preferred or Slightly more likely to need it, but managers are more likely to hire: Candidates with digital certifications are more likely to be hired than candidates without a computer science bachelor’s degree is important.”
that’s right, Virtualization and cloud review reported about study after study This shows that the tech skills gap has held companies back for years.
But now, organizations need to account for new cutting-edge skills, let alone find talent for cloud technologies like data science and Kubernetes.
“5G, cryptocurrencies and the metaverse will take hold,” said the report. “Most organizations have already said hiring the necessary digital skills is a challenge, but they must also be prepared for future hiring challenges. More than half (53%) believe that multiple technologies will be part of their business in the future. 13% said all 10 will be part of their organization’s business in the future.”
Other key takeaways from the report presented by AWS include:
- Advanced digital skills boost worker incomes and productivity, adding an estimated $6.3 trillion to global GDP each year. While most workers in the countries surveyed do not use advanced digital skills as part of their jobs, the income these workers earn is of great value both nationally and globally. Advanced digital skills generate an estimated $4.2 trillion in annual GDP in the 19 countries included in this study, and the income and productivity of these workers generate her $6.3 trillion globally. Including entry-level and mid-level digital skills, the global annual value of digital skills reaches $18.5 trillion, equivalent to about 12% of global GDP.
- In addition to economic benefits for workers, job satisfaction and job security also improve with digital skills proficiency. Highly digitally skilled workers realize benefits beyond their paycheck. Nearly three (72%) of her four workers using advanced digital skills at work expressed high job satisfaction, while only using basic digital skills. Less than half (43%) of workers do not. Importantly, this holds true even after adjusting for other factors that can affect job satisfaction, such as age, gender, and level of education. , are more confident in their job security than workers with basic digital skills (72% vs. 48%).
- Organizations that rely heavily on advanced digital skills, digital technologies, and cloud technologies have significantly higher revenue growth and innovation success rates than companies that use less digital skills. Employer surveys show that companies with high use of digital skills report approximately 168% higher annual revenue than those without using digital skills, after adjusting for the impact of number of employees, country and sector . Highly digitalized organizations are also more likely to bring innovative new products to market between 2020 and 2022. Seventy-two percent of organizations that employ advanced digital workers report introducing new products in the last two years, compared to 47% of those that employ basic workers. digital worker.
- While most organizations report hiring challenges related to roles requiring digital skills, many maintain strict bachelor’s degree requirements. Across the 19 countries surveyed, only 31% of highly digitally skilled workers had a bachelor’s degree or post-secondary equivalent. However, 36% of his surveyed employers report that a post-secondary degree is required, even for entry-level jobs that require digital skills. Similarly, an analysis of international job postings data shows that just over half (51%) of jobs requiring digital skills prioritize a post-secondary degree.
As we have previously reported, various initiatives deal with Catastrophic cloud skills shortage, Amazon pledges to invest hundreds of millions of dollars to provide access to free cloud computing skills training to 29 million people worldwide by 2025, using report publication reminded everyone that there is It’s part of an AWS-designed program that gives anyone who has considered a career in cloud computing access to the latest technical knowledge,” said Amazon.