Getting Skills Right Bridging Talent Shortages in Tech Skills-first Hiring, Micro-credentials and Inclusive Outreach

Book excerpt: Talent shortages in the tech sector pose significant challenges for firms, workers and governments, hindering productivity, innovation, job satisfaction and economic growth. To address these shortages, this report emphasises the importance of a comprehensive, multi-stakeholder strategy based on innovative policy actions. This includes adopting skills-first approaches to hiring, which prioritise specific skills over traditional qualifications, expanding talent pools and enabling employers to adapt more dynamically to evolving technological demands. Additionally, the promotion of micro-credentials is highlighted as a crucial tool for facilitating rapid skill development tailored to current industry needs, thereby supporting continuous learning and workforce agility. Furthermore, fostering inclusivity in the tech sector is essential. The report advocates for inclusive initiatives that broaden the talent pool by addressing barriers faced by under-represented groups, including women, minorities, youth and migrants. The report emphasises that successful implementation of these strategies requires robust collaboration among governments, education and training institutions, and the private sector. It draws on exemplary practices from various OECD countries to illustrate effective approaches to fostering such collaboration, ensuring sustainable solutions to alleviate talent shortages in the tech sector globally.