The shortage of skills in crypto-professional labor is triggering fierce competition among companies to ensure that they are provided with the right talent for their organizations.
According to Bloomberg, cryptocurrency companies have discovered this to some extent hard Looking for suitable candidates to fill vacancies, because these companies want to expand their business globally.
The competition for skilled and experienced candidates is not only between cryptocurrency natives, but also with traditional financial institutions that are establishing cryptocurrency-focused sectors.
Even the wider financial technology and technical service industries are entering the encryption field, bringing greater competition to the limited available labor force. As early as May, the tech giant Apple Post vacancies for business development managers Used for alternative payments, including cryptocurrency.
Neil Dundon, founder of Crypto Recruit, a cryptocurrency-focused employment agency, said the company had trouble matching job candidates with positions. Despite increasing interest in employment opportunities in the industry, a shortage of skills is reported to be a major problem.
For example, Apple’s work requires 10 years of experience, and at least a five-year track record in alternative payment services such as cryptocurrency.
According to Dundon, some companies are lowering their expectations for skills and experience, adding:
“As far as the length of experience is concerned, now one or two years is enough […] The current skills shortage is so severe that the company is casting a net. “
According to reports, candidates with “strong encryption knowledge” are a scarce commodity.Universities and colleges now Provide cryptocurrency and blockchain courses Bridging the skills gap in the $1.4 trillion industry.
The company is also making internal adjustments to its recruitment policy to make certain roles available for remote working conditions. Because geographical restrictions usually restrict companies to a limited skill base, some companies now provide positions for more overseas skilled talents.
Competing with these mature organizations also brings salary issues, and crypto companies need to match or provide greater benefits and incentives to attract skilled workers.