Verifying job seekers’ credentials is expensive and time consuming
Employees and job seekers undergo training programs, certifications, and earn badges in most organizations across the globe. However, it is expensive and time consuming for potential employers to verify such credentials provided by job seekers. In the United States, for instance, the total cost of verifications and background checks for a new employee could be as high as US $5,000 in a professional or manufacturing industry. Hiring a new employee in a services-related industry typically costs more than US $1,000. The time taken for the verification is anywhere between 2 to 6 weeks depending on the industry. Although this is a high-cost activity it is very significant, and hence, needs to be made more efficient and economical.
Infosys Blockchain Skills Verification Solution
The Infosys Blockchain Skills Verification Solution is powered by blockchain technology and provides transparency in the independent verification process of badges and certification credentials for job seekers. Job providers can get all details about courses taken and the completion status for employees, prospective employees, or project team members.
With this solution, learners and job seekers will have complete control over their credentials. They can decide what parts of their credentials prospective employers can view and for how long they have access to these credentials thus safeguarding their personally identifiable information. They may even choose to publish their credentials or certification details on job portals like LinkedIn or share it over social media apps such as WhatsApp. Such credentials can be verified by potential employers instantly.
Participating companies can choose to offer work experience details too as verifiable credentials. Once the job seeker provides a waiver from his credentials wallet, the solution will enable instant verification of previous employment details, job titles, information on break in employment, and skills acquired during previous employment.
The Infosys Blockchain Skills Verification Solution enables our clients who are hiring to independently and instantly verify the badges and certifications shared by the learners or their managers. Job providers can get details about the course and its completion by job seekers.
The Infosys Blockchain Skills Verification Solution provides job seekers, employees, and learners full control over their credentials. They can decide who has access to their credentials and for how long thus safeguarding their personally identifiable information. Persons authorized by them can take these decisions too.
The Infosys Blockchain Skills Verification Solution is highly extensible. Although we are starting with Infosys and its customers, the solution is scalable to include other companies and in turn their customers. Infosys Wingspan is a next-gen learning solution that helps organizations accelerate their talent transformation journey. It is a cloud-first and mobile-first solution that is designed to be accessible anytime, anywhere and on any device. This module will become an integral part of Infosys Wingspan. All current and future customers of Wingspan will have the capability to issue and verify credentials. Customers of Infosys and other companies can offer their domain or vertical-specific badges and courses on this solution, ultimately making this a global credentials verification platform.