In their quest to achieve better hiring and retention results, organizations see improving the speed and quality of hiring as a corporate imperative and are often ready to make significant changes to win the talent they need. This desire for improved results is not new, though: organizations have wanted to hire faster and better for a long time (often targeting skills that are in scarce supply). But they have struggled to do so well and consistently.
One of the most surprising aftereffects of the 2020 COVID-19 pandemic is that while unemployment is high, it's still tough to get open positions full. In part, that's because the crisis revealed weaknesses in systems we rely on, including healthcare, schools, employment, infrastructure. As a result, employees are questioning several aspects of their work lives. Hit their hot-button issues out of the park, and you'll attract in-demand candidates.
As leaders and HR departments move away from last year's "keep the lights on" approach, they're turning their attention toward determining how best to help their organizations grow and innovate. With the rise of machine learning and artificial intelligence, the only way for organizations to survive and grow is to change their employee experience model by shifting from treating employees as resources to treating them as valued and respected human beings.
No longer a pipe dream but now a reality, the use of blockchain in HR has the potential to improve recruitment, hiring, learning, and many other aspects of people’s work experiences. In a typical scenario, an applicant collects the relevant blockchain credentials (e.g., contact information, job history, education history) that have been issued to them over their careers, opens up their blockchain wallet on their smartphone, scans a QR code on a job description, then taps “accept” to submit their credentials in both machine-readable and human-readable formats.
Anyone who worked an office job during the 1990s is probably very familiar with motivational posters. Each featured a photo of scenery or of someone succeeding at a challenging activity (such as rock climbing or hang gliding), and below it a black background with some pithy quote. During that decade, it was impossible to walk into a corporate workplace without spotting at least one of those posters hanging next to the watercooler or gracing the HR director's door.
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