Blockchain Press Releases

NEW REPORT FROM GENERATION REVEALS HOW EMPLOYERS MUST ADAPT HIRING PRACTICES TO ATTRACT ENTRY-LEVEL TECH TALENT

Published

1 year ago

June 22, 2023

Despite rhetoric around skills-based hiring, 61% of employers added work or education screening requirements for entry-level hires over the past three years

Companies that removed degree or work requirements see a significant increase in number of applicants and comparable on-the-job performance

WASHINGTON, June 22, 2023 /PRNewswire/ — New data from Generation, the global employment non-profit, reveals that organizations must radically rethink hiring practices for entry-level tech talent – and lays out first steps to take.

A number of companies have already broken the mold and removed degree or work requirements over the past three years, and they are reaping the benefits.

Nearly 60% of organizations that eliminated these requirements saw an increase in the number of applicants, allowing them to hire more people more quickly, and tapping into new candidate pools that can fuel talent diversity. Better still, they saw little trade-off in terms of performance once candidates were in the job—with 84% of companies saying that people they hired without degree or education requirements performed the same or better than people hired using traditional methods.

These findings come from Launching a Tech Hiring Revolution, a study of thousands of employers, entry-level tech employees, and jobseekers, spanning eight countries: Brazil, Canada, France, Germany, India, Mexico, the UK, and the US. The research was supported by The Hg Foundation as well as Bank of America, Clayton, Dubilier & Rice, and MetLife Foundation.

Globally, 86% of surveyed employers say they are hiring for entry-level tech roles. Organizations across various sectors, including banking, manufacturing, and retail, all have tech needs, forcing them to compete for talent. And they are struggling, with 62% of employers saying that entry-level tech recruitment processes need to change.

True entry-level tech jobs have disappeared, with 94% of employers saying their hiring requirements for “entry-level” tech roles include prior work experience in a related field.

But despite the continued rhetoric around skills-based hiring, nearly two-thirds of employers globally (61%) added education or work requirements over the past three years for entry-level tech roles. And not just technical skills, as 40% increased behavioral skill requirements as well.

As those employers that defied that trend have shown, shifting hiring to focus on skills rather than degrees is a way to access new talent pools. Focusing on skills-based techniques was a key part of employer success for the group that removed requirements, with tech industry certifications playing an important role. However, while certifications served as a hiring process equalizer across ethnicities, gender bias persisted. Men without certifications received more job offers per interview than women with certifications.

Even though employers are strongly motivated to expand entry-level tech pipelines, those that are struggling to change cite tight budgets and a lack of executive support as tough obstacles. The report concludes there are four ingredients to unlocking the needed shift, including:

Expand applicant pools by removing work experience and degree requirements, and instead prioritizing certifications and other skills indicators.
During the hiring process, use technical assessments to ensure that applicants have the necessary skills for the job.
Throughout, pay attention to both behavioral and technical skills.
Rethink hiring teams to reduce tacit bias and increase talent diversity.

To continue to explore the possibilities of a skills-based approach, Generation will assemble a coalition of global employers that want to make the kinds of changes the research calls for and share results publicly to create durable solutions that can be applied across sectors and around the globe.

You can read the whole report here.

Mona Mourshed, founding global CEO of Generation said:

“The first rung of the tech job ladder is broken. Every day, at Generation, we sit at the intersection of thousands of employers and learners, and we see the friction in the hiring process that makes it hard for talented people, who come from backgrounds that have been historically overlooked, to get in the door. That’s why we undertook this research to help employers and society unclog that vital entry-level tech pipeline. The next step is to go deeper in exploring what works, and I’m excited to partner with a coalition of global employers that are committed to opening up opportunity in tech to more people.”

Martina Sanow, Trustee of The Hg Foundation, a grant-giving charity with a focus on removing barriers to education and skills in technology, and Partner at Hg said:

“Those from diverse backgrounds and who haven’t followed traditional pathways represent a huge pool of potential talent for the tech sector. This landmark research represents a step change in our understanding of the global entry-level talent market and where the challenges and opportunities lie. The next crucial step is to build on the report’s recommendations and to trial with employers innovative recruitment approaches that harness the abilities of under-served groups.”

Notes to Editors

Methodology

The findings in this report are drawn from a survey commissioned by Generation that was in the field from November 4, 2022, to January 9, 2023. The study included employed people (aged 18 and over), unemployed people (aged 18 and over), and hiring and technical managers at employers.

The survey drew 4,023 responses from employed and unemployed people, and 1,325 responses from employers, across Brazil, Canada, France, Germany, India, Mexico, the United Kingdom, and the United States.

About Generation

Generation is a global employment nonprofit network that supports people to achieve economic mobility so they can change their lives. We train and place adults into careers that would otherwise be inaccessible and seek to improve how education to employment systems function. Generation launched in 2015 and consists of a global hub and a network of in-country affiliates that spans 17 countries. To date, Generation has more than 80,000 graduates who have earned more than $630 million in wages, and works with more than 11,000 employers, implementation partners, and funders. For more, visit generation.org.

About The Hg Foundation

The Hg Foundation’s vision is that the tech workforce of the future harnesses the talents of all, regardless of background. It does this by supporting education and employment-based programmes across the UK, USA, and Europe where it can demonstrate measurable, long-term and scalable impact and make a difference to those that need it most. To date it has committed $14m to programmes that will reach 10,000 young people and adults from under-represented backgrounds. The Hg Foundation is registered Charity no. 1189216. Find out more at https://www.thehgfoundation.com/

View original content:https://www.prnewswire.co.uk/news-releases/new-report-from-generation-reveals-how-employers-must-adapt-hiring-practices-to-attract-entry-level-tech-talent-301857215.html

Blockchain Press Releases

Bybit Card Now Available on Apple Pay in Brazil

Published

1 hour ago

December 9, 2024

CISION (PR Newswire)

bybit-card-now-available-on-apple-pay-in-brazil

DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has further enhanced the digital payment experience for Bybit Card holders. Starting now, users in Brazil can now add their Bybit Card to their Apple Pay and make secure payments in seconds using Apple Pay’s built-in safeguards.

Since its launch in Sep. 2024, the Bybit Card recorded a 342% growth in user base in Brazil in less than a quarter. With among the highest crypto adoption rates in the world, Brazil is home to a vibrant crypto economy with growing demands for mature crypto on and off-ramp solutions.

Combining Bybit’s advanced crypto offerings and rewards, the Mastercard network’s global connectivity, and now Apple Pay’s added layers of safety and privacy standards, the Bybit Card offers a seamless and borderless crypto payment experience for Brazilian users, enabling contactless payments purchases in-store, in-app and online across Apple devices.

To set up the Bybit Card on Apple Pay, users may simply add the card to their personal Apple Wallet and access the crypto payment convenience wherever they are with their mobile devices.

The Apple Pay integration allows Bybit Card users to pay with and purchase crypto, bridging mainstream cryptocurrencies with over dozens of fiat currencies at competitive rates. This secure and convenient option incorporates the use of Apple’s Face ID, Touch ID, or passcodes alongside dynamic security codes for authentication. Valued for its safety, Apple Pay works through unique Device Account Numbers encrypted and stored in a Secure Element chip, keeping card details private and safe.

Loaded with regular cashback, flash rewards and other benefits, the Bybit Card offers a competitive option for crypto payment for everyday spendings:

Zero fees for card issuance and delivery
Zero annual or hidden fees
2-10% cashback in USDT, BTC and ETH on eligible purchases
Up to 8% APY
Instant virtual and physical card for immediate access to funds

The welcome offer for Bybit Card remains available for users in Brazil: Deposit 100 USDT, Unlock 150 BRL!

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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View original content:https://www.prnewswire.co.uk/news-releases/bybit-card-now-available-on-apple-pay-in-brazil-302326227.html

Blockchain Press Releases

Bybit Unveils Exclusive Rewards for Crypto Deposits via BCB, ZEN or BLIK

Published

1 hour ago

December 9, 2024

CISION (PR Newswire)

bybit-unveils-exclusive-rewards-for-crypto-deposits-via-bcb,-zen-or-blik

DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unlocked new perks for users in a rewarding year-end campaign. From now to Jan. 4, 2025, Bybit users may be entitled to cashback benefits by making a deposit using BCB, ZEN or BLIK on Bybit Fiat Deposit or One-Click Buy.

Offering eligible users 5 USDT in coupons, the event takes two simple steps: sign up for the event and make a deposit using BCB, ZEN or BLIK:

New User Exclusive: Eligible users may make a first-time deposit valued at $100 or more via Bybit Fiat Deposit or One-Click Buy using any of the three channels to qualify.
Existing User Perk: To qualify, current users must register for the event and deposit an equivalent to $500 via one of the three channels.

The coupons are distributed on a first come, first serve basis. Restrictions apply.

“The diversification of tools and access in the crypto ecosystem benefits our users and fosters healthy competition. We are committed to improving the quality and the ease of access to crypto across the industry, while crafting a rewarding experience for our users who log in daily to look after their digital assets,” said Joan Han, Sales and Marketing Director at Bybit.

Crypto adoption has been growing at a record high rate in the recent rally as more and more investors normalize diversification with digital assets. Bybit is constantly expanding its offerings and on and off-ramp experience, integrating reliable payment solutions to meet users’ diverse demands for user experiences and competitive spreads.

With Fiat Deposits and a variety of crypto trading products and services, Bybit helps plug the gap between fiat currencies and crypto investments for users with its intuitive platform, high security standards, and rewards all year round.

#Bybit / #TheCryptoArk

About Bybit

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Photo – https://mma.prnewswire.com/media/2576328/Bybit.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit-unveils-exclusive-rewards-for-crypto-deposits-via-bcb-zen-or-blik-302326213.html

Blockchain Press Releases

Apple Pay Supported: Bybit Card Argentina Elevates Payment Experience

Published

1 hour ago

December 9, 2024

CISION (PR Newswire)

apple-pay-supported:-bybit-card-argentina-elevates-payment-experience

DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has brought the Bybit Card to Apple Pay for users in Argentina. Starting now, the Bybit Card can be added to Apple Pay profiles for card holders in Argentina and used across their Apple devices.

A registered virtual asset service provider and card operator in Argentina, Bybit’s Argentinian entity commenced its rapid expansion in the second largest economy in South America in Apr. 2024. Offering a wide array of services for users, Bybit has been adding new features and benefits to the growing Bybit Card community in Argentina. The Card was adopted by the majority of Bybit users in Argentina within the first two months of the virtual card launch, with more embracing its full range of capabilities on Google Pay, Apple Pay, and the physical card.

Leveraging Apple Pay’s advanced security and privacy enhancing features, the new Bybit Card function makes contactless and instant crypto payment a frictionless experience whether they are purchasing online or in-store. Trusted for its safety guardrails, Apple Pay incorporates state-of-the-art verification and authentication solutions including dynamic encryption and biometrics linked to user profiles. The increasing availability of contactless payment options also makes it a convenient choice for daily purchases.

Setting up the Bybit Card in Apple Pay takes just a few minutes, and paying takes seconds, simplifying transactions seamlessly across iPhone, iPad, and Mac. Bybit Card users in Argentina now get to spend in style with Mastercard’s global network, Bybit’s diverse crypto offerings, and now the added layer of accessibility and security brought by Apple Pay.

Reinventing the crypto experience in all aspects of users’ digital asset journey, Bybit is committed to curating a rewarding experience for Bybit Card holders in Argentina:

Zero fees for card issuance and delivery
Zero annual or hidden fees
2-10% cashback in USDT, BTC and ETH on eligible purchases
Up to 8% APY
Instant virtual and physical card for immediate access to funds

Application for the physical card is open for Bybit Card Argentina and applicants may be eligible for the Argentina-exclusive welcome offer until Dec. 31, 2024.

#Bybit / #TheCryptoArk

About Bybit

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Photo – https://mma.prnewswire.com/media/2576286/Bybit_Card.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/apple-pay-supported-bybit-card-argentina-elevates-payment-experience-302326177.html

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