COVID 19 and emerging versions continue round out Traditional 9 to 5 in-office work environment. Instead the workers are chasing flexible gig like work. Businesses are adjusting by adopting automation, digitization, remote, distributed work models, and more. This evolving work environment has exposed innovative technology solutions and ingenious responses. corporations and hiring professionals are meeting their needs through a Agile on-demand workforce model Using emerging talent matching platforms.
The morphing work environment has created the “Big Quiet”, also known as the “Big Quiet”.The Great Resignation” 2021 Event, This trend began in early 2021 when employees voluntarily resigned from their jobs at a record pace. from April 2021, over 19 million US workers have left, and in October 2021 alone, 4.2 million employees, about 3% of the US workforce, resigned, Many employees are rethinking their relationship with the corporate grind and work. This dynamism is exacerbating labor shortages, forcing companies to assess and revise their employment policies.
As companies adjust to the hybrid full-time and freelance workforce model, a large population of young skilled job seekers are seeking flexible work options. These undercurrents are prompting both the supply (talent, job seekers) and demand (hiring companies) sides of the job market to actively seek suitable and useful matches, creating professional networks and freelance talent forums in the industry. Opportunities for growth are emerging rapidly.
linkedin The world’s largest social professional network. It is designed to help professionals connect and network. It provides a full featured career board to find permanent, full time, temporary and other jobs. Recently, LinkedIn start your market Focused on a subset of the professional freelance talent market.
upwork, top score, Fiverr, Catalant, 99design, freelancer.com, guru.com, skyward, Task Rabbit, brain trust, and more, are some of the current global freelance talent marketplace platforms that match skilled talent to the needs of hiring companies. The use of sophisticated Artificial Intelligence (AI) and Machine Learning (ML) technical tools improves matching based on time, skill-set and compensation, thereby driving acceptance and adoption of the Talent Marketplace platform. In 2019, the top 5 freelance marketplace platforms served only 25% of the worldwide market, leaving plenty of room for growth. Freelance Marketplace Platform Industry The size is expected to reach US$ 9.2 billion by 2026 at a CAGR of 15.3%.
Many Existing Talent Marketplace Platforms Charge high fee do not provide any financial benefit from users and for participation. Service charges received from job seekers and job providers vary from 20%-40% of the contract value. traditional recruiter Normally charge customers 10%-30% for permanent rent; For temporary staffing, they pad a hefty 25%-100% markup on the employee’s hourly rate and related expenses. However, as there is no guarantee of the employee’s performance and/or duration of employment, these rental cost Repeatedly sending employers to the drawing board in search of much-needed talent can add up unnecessarily.
In the digital world, individuals generate enormous amounts of behavioral data. Project Liberty founder Frank McCourt says, “An unprecedented amount of value is being created by everyone’s data. And yet there’s a total disconnect between who’s creating that value and who’s getting it.” Entrepreneurs, politicians, and many market participants Trying to help consumers control and take advantage of the data the tech industry currently collects. many are watching web3.0secure distributed ledger technologies such as Blockchain and Cryptography To break the near-monopoly The hold of today’s centralized technology companies.
Innovative talent platforms leveraging blockchain technology are implementing novel business models and manufacturing solutions that align all stakeholders; Use tokens for incentives, revenue sharing, participation in the ownership and governance of network platforms, and more. Blockchain technology has given rise to new markets, viz., NFT, DeFis, and more; Crypto has become mainstream.
There are current labor shortages and skills gaps Fastest in Blockchain Industry Applications Due to its infancy, fragmented talent pool and massive growth. traditional companies There is an increasing number of talent entering the blockchain application markets. sharp rise The demand for crypto skills poses significant obstacles for companies trying to recruit the talent needed.
bondex, similar to LinkedIn, is building a professional network platform to connect with professionals, find permanent and gig jobs, post and share content, receive continuing education to advance your career, and more. is designed for. The company is vertically focused on the needs of talent with blockchain and crypto skills. The Bondex blockchain token, BNDX, will incentivize users and allow holders to participate in governance and profit-sharing. The company intends to distribute quarterly profit-sharing among BNDX token holders and platform users.
isoplink is developing a cross-chain platform for developers and connecting job seekers with job providers by leveraging AI and blockchain technologies. “The project is connecting promising tech companies with an exceptional pool of professionals from around the world,” the company’s website says.
highway.works is a DeFi focused autonomous ecosystem, a community-governed system that uses decentralized technologies that significantly reduce costs, provide wide flexibility, cut out middlemen, welcome the unbanked, provide transparency and ensure security in a decentralized manner while rewarding token holders.
Addressing the changing needs and opportunities of the resilient gig economy, emerging talent platforms are aligning incentives to benefit all stakeholders. Innovative profit-sharing models and governance opportunities through tokens give stakeholders a voice and financial benefits not available in today’s centralized platforms.