<h1 style="text-align: justify; margin-bottom: 11px;">Great Resignation in India: How can Blockchain-enabled Credential Verification assist employees</h1>

According to EY’s Global Survey in May 2021, a staggering 54% of employees would consider resigning their jobs post the pandemic if there is no flexibility offered in terms of work hours and location. Unlike in 2020, when resignation rates plummeted across the world due to the agitation, insecurity, and uncertainty engendered by COVID-19, millions of people quit their jobs voluntarily last year for better careers, work/life balance, long-term goals, and working conditions.

This phenomenon of employee exodus that originated in the United States has been coined “The Great Resignation” by economists. However, as the demand for skilled professionals in IT and technology sector companies reached an all-time high in recent months, the trend is now being seen as “The Great Reshuffle.” A recent study of an online professional network, LinkedIn, revealed that a whopping 82% of India's workforce is considering switching jobs in 2022.

The job seeker research further reported that freezers and Gen Z professionals would be leading the pack in the Great Reshuffle. Taking the responses of over 1000 professionals into account, the survey indicated employees are leaving their current jobs due to poor work-life balance, not enough money, or greater career ambitions. However, despite seeking better career prospects and a positive outlook for their future, 71% employees have expressed doubt about their abilities at work more than before the pandemic. While 63% stated they suffer from the ‘imposter syndrome’, over 30% affirmed lack of face-to-face interaction with colleagues, taking on new responsibilities without direct supervision and having to get adapted to modern technologies have negatively impacted their confidence at work.

Under these circumstances, getting the hiring right, the first time is crucial for companies when compared to going for a replacement which can be quite strenuous. So, with the great reshuffle already taking its course in India, what should employees and employers do to brace the viral trend and come out with flying colours. Well, to start with, digital verified credentials can be a great option.

Veri Once is the universal verification solution for academic, employment, training, reference, identity, and other credentials. Leveraging Blockchain technology, the state-of-the-art platform empowers students, job seekers, universities, and employers with transparent document evaluation, and ensures that the process is immutable, fast, and cost-effective.

As most interviews from the past two years are being done on video calling applications, smart and confident conversationalists with moderate prowess are enjoying more chances of bagging the job than an experienced person who possesses all the requisite skills but isn’t comfortable selling himself/herself. Built on Blockchain-enabled verified credentials, Veri Once recognizes and authenticates a job hunter’s education, work experience, professional accomplishments, and additional certifications.

It delivers legitimacy to their documents, thereby making it easier for prospective employers to pick them over other similar-looking profiles. Instead of extraneous factors, applicants will be solely judged by hard data and facts. Also, they can confidently flaunt proof of their skills, achievements, and learning.

From an employer's point-of-view, with the great resignation and win-for-talent in the air, they should be laser-focused on recruiting and retaining skilled personnel. This is where platforms like Veri Once come into play. With digital verified credentials on display, it becomes easier for interviewers and recruiters to make an informed, intelligent hiring decision. The elongated process will be streamlined as the credentials will speak for themselves about a person’s capability to do the job.