- The supply and demand of talent in the global blockchain field is out of balance, with a shortage of candidates
- The demand for core talent has shifted from finance-oriented to technically focused
- The average employment of global blockchain talents is 1.2 years, the turnover rate is high, and the flow of talent is mainly within the blockchain industry
VICTORIA, Seychelles, Aug. 10, 2022 (GLOBE NEWSWIRE) — OKXthe world’s leading cryptocurrency platform and LinkedInthe world’s largest professional network, has co-authored a report highlighting the imbalance between supply and demand for qualified talent in the global blockchain industry.
The in-depth research, based on LinkedIn’s exclusive big data analysis, took data from 180 countries in the period between January 2019 and June 2022. It covers the blockchain sector, as well as sub-industries that include cryptography, quantum computing and distributed ledger sectors, as well as more than 15 other related sub-industries.
The report reveals that from June 2022, the supply and demand of talent in the global blockchain field is out of balance, with a shortage of qualified candidates. The total number of LinkedIn members working in the blockchain field has increased by 76% year-on-year, but the major countries that the blockchain sector’s graduates have traditionally come from are experiencing negative talent growth. China, where growth is stable, is the exception to this trend.
Haider Rafique, Chief Marketing Officer, OKX, said: “The results of the study we conducted with LinkedIn reflect our own ongoing search for great talent at OKX. We previously announced that we were going to increase our headcount by 30% by the end of next year, and this remains true. I am confident that OKX’s leadership among crypto exchanges, our determination to continuously innovate and improve the user experience, and our certainty that blockchain and Web 3.0 are the future will allow us to continue to attract the best talent.”
The research also shows that the demand for core talent has shifted from finance-oriented to candidates with technical skills. In terms of the number of job advertisements, R&D specialists top the global demand, followed by information technology. Job offers for product management, marketing and human resources are not far behind. From the perspective of demand for recruitment, finance candidates are now ranked in sixth position.
Another challenge highlighted by the report involves the short tenure of candidates and the high turnover rate. The ‘LinkedIn Global Talent Big Data Insights’ report shows that the average tenure of global blockchain talent is 1.2 years. The report also shows that in addition to the influx of talent from traditional finance and technology companies, the talent movement in the global blockchain industry is mainly based on intra-industry flow.
Linda Tse, Global Talent Acquisition Lead, OKX said: “As a thriving frontier industry influenced by the talent trends of the entire blockchain sector, the competition for high-quality candidates and the frequent movement of talent is somewhat inevitable. That said, OKX’s strong focus on innovation, professional development, work-life balance and our mission-driven mindset supports our talent growth strategy. We received nearly 19,000 job applications in May 2022, and this number has only continued to grow.”
The entire OKX/LinkedIn Global Blockchain Industry Talent Report can be found at OKX.com and on LinkedIn.
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About OKX
OKX is a leading crypto trading app and a Web3 ecosystem. Trusted by more than 20 million global clients in over 180 international markets, OKX is known to be the fastest and most reliable crypto trading app for investors and professional traders globally.
To learn more about OKX, download our app or visit: okx.com
