LinkedIn, to mark its 20th anniversary has shared exclusive insights with Arabian Business regarding the ever dynamic job industry, hiring insights and trends. “20 years ago hiring was impersonal… LinkedIn drove a short towards passive recruiting,” said Arda Atalay, Head of MENA Private Sector LinkedIn Talent Solutions.
Today, more than 700,000 companies use LinkedIn Talent Solutions to find, source and hire talent. Every minute, 13 hirers turn on the #hiring profile ring to share job opportunities with their network, the data unveiled.
Eight people get hired every minute through the LinkedIn network. The use of AI is also becoming increasingly prevalent in the job industry. “We are also exploring a number of new ways to embed generative AI in our products, from streamlining the recruiter and job seeker journey, to the recruiter journey and job seeker journey to changing the way we learn digitally,” Ataly said.
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During the years from 2000-2010, exponential growth was observed in employment opportunities. The data revealed that the number of companies founded in the UAE increased by 10 times resulting in increased opportunities on LinkedIn. This led to the opening of the LinkedIn MENA office in Dubai in 2012.
In the UAE, remote job opportunities dropped by 67 percent year on year, although, hybrid job listings saw an increase by 38 percent.
“While the UAE has been an outlier in EMEA with hiring continuing to trend positively until mid 2022 and the hiring rate in UAE being significantly higher than it was in 2020, it has also witnessed a decline this year,” Ataly explained.
Companies are increasingly adopting a skill-based approach to hiring, over 75 percent of recruitment professionals globally believe that skills-first hiring will become a priority over the next 18 months.
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The data reveals that skills are being prioritised over formal qualifications. “Our data already shows that by prioritising candidates’ skills over their formal qualifications, companies have the potential to expand their talent pools on average by nearly 10x. Not only that, but our data also shows that more than 45 percent of recruitment professionals on LinkedIn today rely on skills to fill their roles, enabling them to build more diverse teams and stay competitive,” said Ataly.
“At LinkedIn, we believe the biggest connector between people and opportunity is skills,” On the platform over 500k videos covering more than 39k skills and 100 hours of learning are consumed every minute.
“The need to respond to employee needs in order to attract and retain talent has increased. Trends like ‘quiet quitting’ (where people do the bare minimum of their job requirement) to ‘conscious quitting’ (where people leave their employers to work for a company that better matches their values), priorities have shifted and organisations need to adapt to remain relevant.
Job seekers in today’s world highly value flexibility, upskilling and career advancement opportunities. “Gen Z in particular value diversity and career development opportunities. In the UAE, Gen Z is 48 percent more likely to prioritise seeking mentorship in the workplace than the previous generation, and 39 percent more likely to seek opportunities to develop new skills than Gen X.”
The top three reasons for job switch
- Higher pay – 37 %percent
- Better work-life balance – 34 percent
- Confidence to land better roles – 31 percent
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