I have been reading about the opportunities for Blockchain in different areas of finance, what with companies using it for managing vendor financing or for identifying new opportunities.
I think the concept of a distributed ledger also has great value in the talent supply chain, to understand the history and capabilities of a candidate. To be more specific, this is a great opportunity to re-engineer the resume.
Today’s resumes are either focused on being a recital of one’s skills or past experiences or focus heavily on buzzwords and achievements. In either case, it’s rarely able to tell a good story, visually or through prose. Most resumes are filtered by recruiters, either using keywords or on the basis of recommendations by existing employees.
An apocryphal story about Larry Page, founder of Google, states that in the initial days, Larry would only hire folks with whom he felt comfortable spending many hours stuck in a airport. Similarly, a lot of middle management and senior roles, are more about Emotional Intelligence and Culture/organizational fit as compared to skills. However very few hiring processes seem to recognize this dichotomy.
Applying the concept of blockchain to resumes requires two aspects –
- An open source platform which provides a trust based distributed ledger for Employees and employers to record information and validate it
- Knowledge Repository which allows employees to record additional aspects such as certifications/ courses/ recommendations.
While companies like Appi have come up with such platforms, none of them are open source, and that brings about a couple of challenges, including widespread acceptance and integrations with HCM and HR systems. Open Source would also ensure that small and large firms can use it alike, with little cost implications.
While the challenge of measuring EQ and culture fit still persists, this can hopefully remove biases present in terms of keyword usage and personal bias of recruiters/managers.