Posted on 30 June 2023

​With the rise of transformative technologies like AI, the metaverse, and web3, organizations are witnessing a shift in the skills required to thrive in the digital age. However, a global skills shortage poses a significant challenge in harnessing the potential of these future technologies. This article explores three essential strategies to help organizations overcome the skills shortage and position themselves for success in the future internet - Identifying Future Tech Skills.

The first step is to understand the tech skills in demand across the metaverse and web3 landscape. These include 3D modeling and design, computer programming, VR and/or AR development, blockchain/NFT/crypto engineering, UI/UX design, project management, data analysis, cybersecurity, marketing, and ethics and social responsibility. Assess your organization's specific needs and identify any skill gaps to develop a plan accordingly.

Strategy 1: Attracting New Talent

With limited skilled professionals available, it is crucial to enhance your employer's brand and organizational culture to attract the best talent. Encourage employees to become brand advocates and establish an employee referral program to tap into their networks. Collaborate with external influencers to increase visibility among passive candidates. Additionally, explore opportunities to acquire businesses with the desired skills, partner with specialist firms, engage freelance workers, establish your presence in tech hubs, or create an innovation hub within your organization.

Strategy 2: Upskilling Your Workforce

Investing in upskilling your existing workforce is essential in a competitive talent market. Consider formal education and training programs, mentorship initiatives, and on-the-job learning opportunities. Many education providers offer courses in the metaverse and web3 skills, including online platforms like Udemy and Coursera, specialized tech educators, and traditional universities expanding into these domains. Remember that employees from web2 roles can transition to web3 and metaverse skills, but also recognize the potential in non-tech roles that the future internet will create.

Strategy 3: Boosting Talent Retention

Efforts in attracting and upskilling talent should be complemented by strategies to retain them. Competitive pay and benefits are crucial, but equally important are company culture and the employee experience. To boost retention, address factors that contribute to employee turnover, such as inadequate benefits, lack of development opportunities, insufficient recognition, disconnectedness, and limited remote and flexible working options. Prioritize remote and flexible working arrangements, foster a sense of connection and purpose, establish a system for rewards and recognition, promote talent development, and offer a compensation and benefits structure that supports a good quality of life. Hiring for culture fit and potential, rather than just skills, can also contribute to long-term employee satisfaction and commitment.

By implementing a blend of these three strategies, organizations can overcome the skills shortage and position themselves for success in the future internet. Attracting new talent, upskilling the existing workforce, and focusing on talent retention are crucial steps toward building a skilled and future-ready organization. Embrace these strategies to navigate the evolving tech landscape and unlock the potential of the metaverse and web3 technologies.

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