The development of AI and automation is causing big shifts in the job market, making some jobs obsolete—take data entry and manufacturing roles, for example. At the same time, ongoing labor shortages receive widespread media attention. There are 8 million job openings in the US, but only 6.8 million job seekers, emphasizing an increasing mismatch between job openings and worker qualifications.
Businesses are under immense pressure to fill positions quickly to keep operations unaffected while ensuring they’re finding the most qualified person for the job. To balance this hiring conundrum, companies need to switch up their hiring practices and benefit from new technologies like AI-driven recruitment tools, skills-based hiring platforms, and blockchain to find and hire top industry professionals before their competition does.