Leveraging the Skills Marketplace to Design the Future of Work Strategies

8 Nov 2021
by Ronak Doshi, Suseel Menon, Uthra K

The current talent acquisition and development process is fraught with challenges – an increasing skills gap, rising hiring cost and time, difficulty in candidate verification, and high attrition. These problems are compounded by unequal talent demand across industries, restricted mobility due to the pandemic, and the emergence of newer working models, such as the gig economy.

To overcome these challenges, enterprises must establish an intelligent talent model centered on human capital and supported by technology, data, processes, security, and compliance. The success of this future-of-work model will mandate collaboration between multiple stakeholders and effective technology leverage to assist HR in talent management efforts.

A skills marketplace platform driven by technologies such as blockchain, Artificial Intelligence (AI), and Application Programming Interfaces (APIs), will help provide a flexible model of connecting enterprises with internal and external talent. The platform will assist enterprises, recruiters, and candidates alike by eliminating the intermediaries and siloes in the current talent management system, thereby streamlining and automating the candidate credentials authentication process.


All industries and geographies


This report studies:

  • Current challenges in talent management
  • The future of work and establishment of a skills marketplace
  • Curating the ecosystem for a skills marketplace
  • Key imperatives for stakeholders in their skills marketplace journeys


Digital Services

Sourcing and Vendor Management


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