LinkedIn reflects on evolution of workplace trends over past 20 years
Ahead of its 20th year milestone, LinkedIn on Wednesday released some key insights that show how workplace trends have evolved in the past two decades globally.
As a platform, LinkedIn has changed the way we connect and find new hires. According to data, about 700,000 companies today use LinkedIn Talent Solutions to find, source, and hire talent.
LinkedIn members also submit 117 applications every second, and eight people are hired every minute through the platform.
What are the significant trends revealed in the data by LinkedIn?
People are now searching for jobs that align more with their values.
- At least 74 per cent of workers in Australia believe that it’s more important to work in a company that demonstrates a commitment to the culture and values they support and believe in. The same goes for 71 per cent of workers in the United States, 77 per cent of workers in Singapore, and 87 per cent of workers in India.
- Many workers agree that they would prioritise culture and values over salary. About 60 per cent of those surveyed in Australia believe so. The numbers range for 85 per cent of Indian workers, 68 per cent of Singaporean workers, and 65 per cent of workers in the US.
- Across the Asia Pacific, job posts that focus on flexibility, well-being, and culture are seeing significant growth in views and applications. In Australia, job applications for posts mentioning culture grew 2.09x more than jobs that didn’t. In India, this is at 1.19x and in Singapore, 1.40x.
- LinkedIn has revealed a new job search filter so professionals can easily search for open roles based on an organisation’s commitment to different values such as diversity, equity and inclusion (DEI), work-life balance, career growth and learning, social impact and environmental sustainability.
Skills are more valuable than degrees in the future of work.
- Skills in the Asia Pacific are changing at a rate of 25 per cent since 2015. For instance, in Australia, the skill sets for jobs have changed by 26.66 per cent since 2015. The number is 35.66 per cent in Singapore and 29.63 per cent in India.
- Professionals agree that skills have become more valuable than degrees as compared to two decades ago. About 63 per cent of professionals in Australia believe so. The number is 73 per cent in Singapore and 84 per cent in India. Meanwhile, LinkedIn members have added more than 380 million skills to their profiles over the past year, which signifies a 40 per cent increase annually.
- Additionally, 45 per cent of hirers on LinkedIn explicitly use skills data to fill their roles.
Opportunities in artificial intelligence abound.
- Professionals on LinkedIn are embracing artificial intelligence to advance their careers. There is a 487 per cent exponential increase of artificial talent in India. The number is 565 per cent in Singapore and 527 per cent in Australia.
Below are the top three artificial intelligence talents in the Asia Pacific:
- Australia: Machine Learning, Artificial Intelligence (AI), Deep Learning
- India: Machine Learning, Data Structures, Artificial Intelligence (AI)
- Indonesia: Machine Learning, Artificial Intelligence (AI), Deep Learning
- Japan: Machine Learning, Artificial Intelligence (AI), Deep Learning
- Singapore: Machine Learning, Artificial Intelligence (AI), Deep Learning
Feon Ang, LinkedIn’s Managing Director for Asia Pacific, said that as the labour market continues to evolve, there are already a few shifts towards values and skills, especially in artificial intelligence.
“We must rethink our business strategies, so that we can not only attract talent with the skills we need, but also retain them, keep them engaged and motivated. This is how both companies and professionals can win together in the future world of work,” Ang added.