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Competency-Based Credentials

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Why Will ‘Only Degree Holders’ Eat their Humble Pie?
Professional credentials and certifications are—most probably—nowhere as important to professional growth and development as they are now in the Human Resources and Talent Management space. However, there are some valid reasons behind it. Reports of the Bureau of Labor Statistics project that the job prospect for HR managers will see almost 9 percent growth over a period between 2014 and 2024—faster than the usual growth rate of other occupations. Adding to it, the growing war for talent, fast-paced globalization, and emergence of HR leaders as business partners are slowly but surely bringing a shift to the corporate paradigm. These factors are ultimately compelling companies, worldwide, …show more content…

If some leading reports revolving around trends in the HR and talent management space are to be believed, the large-scale use of various skill-based HR certifications and credentials is very much likely to change the game in qualifications and criteria required by talent professionals. They have the potential to close the prevailing skills gap in organizations’ talent department. And most importantly, they are good enough to provide students with a better return on their study.
CSW—Corporation for a Skilled Workforce—in its report titled “Making a Market for Competency-Based Credentials”—has mentioned that earlier, employees, students, and employers used their respective academic diplomas and degrees like a “proxy” for various knowledge and skills required to perform their jobs. However, time has come to complement this practice, thanks to the mounting interest in various competency-centric credentials. It’s not less than true that top-notch skill-based credentialing in the HR and talent management space can offer more insights into a professional’s proficiencies.
So, long live HR certifications…long live forward-looking HR and talent management professionals. The coming time will see certified HR professionals thriving ahead, while “only degree holders” will have no alternative but to eat their humble pie. Decide now which category you would like to fall

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