Exclusives

Online talent platforms could ease labour-market skills mismatch, optimise human capital potential

by   STEPHEN ONYEKWELU

June 17, 2016 | 11:03 am
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Online talent-hunt platforms are connecting more people to the right work opportunities. McKinsey Global Institute, a global management consulting firm, estimates that by 2025 online talent platforms could add $2.7 trillion (N958 trillion) to global Gross Domestic Product (GDP), and revolutionise many of the persistent problems in the world’s labour markets. Nevertheless, there is growing need for a policy framework in the industry.
Online talent-hunt platforms include websites like Monster.com, Linkedin.com, Jobbermann.com, Careers24.com among others. These websites aggregate individual resumes with job postings from traditional employers, as well as the rapidly growing digital marketplaces of the new ‘gig economy’, such as Uber and Upwork. A gig economy is an environment in which temporary positions are common and organisations contract with independent workers for short-term engagements.
Labour markets around the world are having a hard time keeping pace with myriad rapid shifts in the global economy resulting in inefficiencies and dysfunctions. Millions of people cannot find work, even as sectors from technology to healthcare struggle to fill open positions. Many who do find work feel overqualified or underutilised, leading to costly human capital waste: hundreds of millions of people coping with unemployment, underemployment, stagnant wages and discouragement among others. Online talent-hunt platforms are changing this.
Sharon Kechi in appreciation to Jobberman for the job of executive assistant to a Chief Executive Officer (CEO) in Lagos, said “thank you so much Jobberman. I applied for the position of executive assistant to the CEO, which was opened some weeks ago. I scaled through Jobberman applicant’s Curriculum Vitae (CV) software. I submitted my CV for critique before I applied so that my CV could pass the test” she explained.
“I went for the interview and after studying the interview tips provided by Jobberman I had a successful interview. I was given the job on the spot” Kechi averred.
According to a National Bureau of Statistics (NBS) report, “active applicants were predominantly male (67.77 percent) and well educated, with 77.61 per cent being educated to degree level or higher. However, this figure was only 22.34 per cent for those under the age of 20”.
“Lagos remained the state to account for the largest share of applications and vacancies,’’ the report said.
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by   STEPHEN ONYEKWELU

June 17, 2016 | 11:03 am
12893  |   93   |   0  |   Start Conversation

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