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AWS Global Digital Skills Study

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AWS Global Digital Skills Study  | The economic benefits of a tech-savvy workforce 4 Most organizations report hiring challenges related to roles requiring digital skills, yet many maintain rigid bachelor's degree requirements. Across the 19 countries studied, just 31% of workers with advanced digital skills held a bachelor's degree or postsecondary equivalent. Yet, among employers surveyed, 36% report that a postsecondary degree is required for even an entry-level job requiring digital skills. Likewise, analysis of international job vacancy data finds that just over half of jobs with digital skill requirements (51%) list a postsecondary degree preference. Further evidence of an employer preference for university degrees — particularly a degree in computer science — is clear from an experiment conducted with managers. Gallup asked employers to select between two hypothetical candidates for a technology job, varying the candidates' characteristics randomly by level of education, certification status, gender, age, reputation of school, recommendations, nativity and experience. Having a computer science degree was almost worth 10 years of tech experience, and candidates with this credential were almost always preferred over otherwise identical candidates. Greater recognition of certifications can ease hiring challenges. Even with the strong preference for a bachelor's degree, 75% of employers agree or strongly agree that a certification or training is an acceptable substitute for an academic degree. Additionally, the study found that candidates who obtained a technology certification were more likely to get hired than individuals without one. In the above experiment, having a technology certification increased a candidate's likelihood of being hired by 38 percentage points, compared to a nearly identical individual without a certification. This effect was smaller than the positive influence of having a bachelor's degree in computer science but shows that certifications are recognized as valuable alternatives. 5 5G, cryptocurrency and the Metaverse are here to stay. While most organizations already say hiring for the digital skills they need is a challenge, they also need to prepare for the hiring challenges of the future. When asked how likely it is that each of 10 emerging technologies — including the Metaverse, blockchain and artificial intelligence — will become a standard part of their business in the future, 66% of employers say it is highly likely that at least one emerging technology will become part of their operations. More than half (53%) believe multiple technologies will become standard, and 13% say all 10 will be a part of their organization's business in the future. Copyright © 2022 Gallup, Inc. All rights reserved. AWS_dsrprt_092922_kr 3

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