Skill Based Hiring
The UK job market is shifting away from traditional degree-based hiring towards a focus on skills. As technology and job roles evolve, employers are prioritising practical expertise over academic credentials.
A 2023 LinkedIn report found that 45% of UK hiring managers now prioritise skills over degrees. This shift is crucial, as 70% of UK employers report struggling to find candidates with the right skillsets, according to Open University research. This challenge is prompting many companies to rethink their hiring criteria, focusing on competencies and practical expertise rather than academic qualifications alone.
Skill-based hiring offers:
- Diversity: Research from LinkedIn suggests that skills-based hiring increases the diversity of women in the talent pool by 24%.
- Job Success: According to a TestGorilla survey, 92.5% of companies have seen a reduction in their mis-hire rate when hiring skill based candidates.
- Efficiency: It reduces time-to-hire by 25%, per LinkedIn Talent Solutions.
These figures reveal that skill development and training are crucial for the future of work. Consequently, companies are increasingly emphasising practical assessments, real-world simulations, and skill-based tests during recruitment processes.
