Can micro-credentials hold their own against standard degrees?
As a result of technological advancements, millions of jobs will be lost or created. According to estimates, 97 million new employment functions could be created by 2025 as a result of technological advancements and organizational acceptance.
Even with training systems in place, the pace of technological development is significantly surpassing skill development. As a result, training programs may not be able to keep up with the demands of technological progress. It’s reasonable to anticipate a widening skills gap in the labor market.
A considerable number of educators have resorted to prospective replacement credentialing to maintain a competitive advantage with industry trends while bringing in new skills to benefit them in their current profession as a result of shifting market dynamics and the skill-gap crisis, as well as the demand for continual learning.
Micro-credentials are digitized certificates that verify a person’s proficiency in a given skill or set of skills. They can be earned to fill in any gaps in your current skills and complement those you already have. This will aid in the development of a strong portfolio and the expansion of job possibilities.
Micro-credentials can also aid personal development by allowing you to compare talented individuals to previous knowledge and see how you’ve progressed. It boosts your productivity and comfort at work by giving you a sense of achievement and fulfillment.
Scott Young took up a challenge that many of his contemporaries couldn’t understand in 2011. He would attempt to earn an MIT degree in computer science without enrolling in the exclusive Boston-based university, utilizing free materials posted online by MIT, and in the end, he did ‘completed’ the equivalent of an MIT degree without incurring any academic expenses. The only costs he had were the textbooks he needed.
Micro-Credentials have had the potential to transform how and where education is rewarded by becoming an integral element of an ecosystem in which a learner can be acknowledged for certain skills, abilities, and educational achievements through verifiable digital credentials. They can integrate academics, co-curricular, and workplace learning into the skills needed in today’s electronically integrated workplace.