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3 Ways Skills-Based Microcredentials Can Help Companies Solve the Skilled Talent Shortage

3 Ways Skills-Based Microcredentials Can Help Companies Solve the Skilled Talent Shortage 2560 1440 IEEE Credentialing Program

Industries like semiconductors, advanced manufacturing, healthcare, and IT are struggling with a global shortage of skilled technical workers. To fill these critical roles, companies need effective ways to build their talent pipeline. While many of these positions require specific skills, they don’t always demand a two or four-year degree. This is where skills-based microcredentials come in.

Microcredentials are a powerful tool for employers because they demonstrate a learner’s mastery of specific, in-demand skills. These credentials are earned through skills-validation assessments and can be “stacked” to show a growing skillset in a defined area. They’re also verifiable and digitally shareable, making it easy for employers to see a candidate’s qualifications.

How Skills-Based Microcredentials Benefit Industry

Microcredentials help companies find and develop skilled talent in three key ways:

1. Skilling: Filling the Entry-Level Gap 

Microcredentials can help new workers build and demonstrate the knowledge, skills, and abilities needed for technical entry-level positions. Unlike broader two- or four-year degrees, microcredentials focus on the specific competencies of the role, significantly reducing the time and cost for a learner to become job-ready. For industries, this means a wider, more diverse talent pool that may not have pursued a traditional academic path. For example, a manufacturing company struggling to fill CNC machinist positions can partner with a training provider to offer a skills-based microcredential program in precision machining. 

2. Upskilling: Enhancing the Current Workforce

For current technical workers, microcredentials enable continuous professional development by allowing employees to quickly upskill, or acquire new, specialized skills to meet an organization’s needs. This targeted training ensures the workforce remains proficient in the latest technologies and methodologies, boosting productivity and retaining valuable talent. For example, if a healthcare company was migrating their systems from on-premises servers to cloud infrastructure, the company could work with training providers to implement cloud computing skills-based microcredentials for their IT staff. 

3. Reskilling: Adapting to Industry Evolution

As technology evolves, certain jobs may change or even become obsolete while new ones emerge. Microcredentials offer a swift and agile pathway for career transition, enabling companies to proactively reskill existing employees for new roles that align with changing business needs. For example, an automotive parts manufacturer, facing automation of traditional assembly line work, can identify production workers whose roles would be eliminated and offer them skills-based microcredentials in robotics maintenance, data analysis, and quality assurance to successfully transition workers to higher-skilled technician roles.

Finding a Trusted Partner

More universities and training organizations are starting to offer microcredentials because of the value they provide for industry and learners, but their quality and definitions can vary. This makes it challenging for employers to understand the true value of the credential. As companies look for a meaningful solution to the labor shortage and future talent needs, it’s essential to choose a partner with a proven record of validating credentials for industry readiness. 

With over 30 years of experience, IEEE has the credibility and infrastructure to offer trusted verification of skills-based microcredentials. We partner with industry leaders, training providers, and conference organizers to validate training programs and issue verified professional credentials that meet rigorous industry standards.

To learn more about how IEEE microcredentials can help you build the workforce you need, explore the IEEE Credentialing Program website or contact us