Home Sponsored Announcements The On-demand skills economy

The On-demand skills economy

The digital era has ushered in the skills economy. These days, the focus is on the notion of “any time, any place”. Welcome to the on-demand skills economy where skills are in demand and skilled professionals want to work on good projects with good people for what they deserve to be paid.

Australia’s move towards a contingent workforce signals one of the most significant social and industrial shifts in over a hundred years. The modern workforce is about skills certainty, not long-term job security.

Every company is essentially now a technology company and it’s creating a skills shortage. Five of the ten most chronically unfilled jobs in Australia are technology related. Many of these chronically unfilled IT roles are the very jobs that should be driving either revenue or innovation for Australian-based companies, meaning that, as a country, we’re struggling to remain competitive.

A report by management advisory company CEB, of 900 recruiters and 6000 hiring managers globally found between 2010 and 2015 the average time it took to fill a position increased more than 50 per cent from 26 days in 2010 to 68 days in 2015.

Further, this report estimates that the average vacancy cost equates to upwards of $500 a day per open position. When compared to the average organisation's time to fill, it amounts to a loss of over $34,000 in lost productivity and recruiting costs within the 68-day time period.

Organisations not only face loss of productivity and engagement with other staff during this time, but they also run the risk of losing top candidates to their competitors.

Having open positions creates a flow-on effect of additional pressure and stress on colleagues, leading to burnout and reduced job satisfaction as employees need to work harder to compensate for a missing team member.

Like most shifts in the corporate landscape over the last few years, there simply is no room for 9 to 5 Monday to Friday in today’s recruitment processes. Skilled professionals are not looking for work in traditional working hours – all the good ones are busy working. Most time spent actively looking for roles is late at night, early in the morning, and on weekends.

Similarly, hiring managers/line managers often find themselves with a need for skilled workers at the end of their working day or working week. They need access to available candidates whenever they can fit this into their busy days. This is often outside of traditional working hours.

Nvoi is a digital platform that directly connects skilled IT professionals with hiring managers needing their skills. As an online resource, it’s available to both 24 hours a day, seven days a week.

“Flexible roles and the use of an on-demand workforce are the way of the future,” explains Nvoi CEO Jennifer Maritz. “Jobs for life are no longer the norm. The current generation of skilled IT professionals is looking to change jobs every few months – trying new things, developing new skills, building on existing skills and not being tied down,” she says.

Ms Maritz encourages tech talent to join the Nvoi platform and join the on-demand skills economy. “Nvoi is easy to use, available 24/7, and as the employer of record for short term and temporary roles, eliminates the risk for both workers and employers,” she says.

For more information, go to meetnvoi.com and create a profile in a few simple steps to start searching for your next great IT role.

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