High technologies around the world need qualified technical workersemployees with professional knowledge. Recent Deloitte report believes that semiconductor industry By 2030, more than 1 million workers will be needed worldwide.
Many of the most important jobs, although specialized and requiring specific skills, do not necessarily require a four-year degree. As a result, companies are considering various programs to assess workers' skills for industry readiness. Apprenticeships, vocational programs and professional certifications are great ways to fill the talent pool, but companies still need a method of assessing whether students have the necessary skills. One way is skills-based. microloans.
What are microloans?
Microcredits can validate specialized skills in in-demand technical areas such as cleanroom safety, manufacturing equipment repair, and data analysis. Students earn microcredits by demonstrating their skills through assessments designed to evaluate them.
Microcredits are stackable, allowing students to earn multiple credentials in one specific area while demonstrating a growing set of skills. They are also verifiable and shareable digitally, allowing employers to see the skills acquired by each student.
Difference Makers
Authority is a general term for the achievements that professionals receive through educational programs. Non-academic certifications are often earned in a shorter period of time, cost less, and can be used to identify skills for specialized roles. Some common types of credentials include certificates and microcredentials.
Certifications demonstrate mastery of a specific body of knowledge through a rigorous exam and often require ongoing education. They are typically awarded for completing a course of study and passing an assessment test to earn professional credits or meet licensing requirements.
Microloans can be more accessible because they take less time to obtain and are more accessible. They also have fewer rules governing their definition. Industry recognition, issuer reputation, and third-party verification of the program can help ensure its quality.
Who can get microloans?
Potential employees and those currently working in technology fields can use microcredits to demonstrate newly acquired knowledge. Microcredentials can help aspiring professionals gain the knowledge and skills needed to work in areas such as electronics, mechanics and semiconductor production.
Getting started with IEEE
As companies seek valuable credentials to help alleviate workforce shortages, IEEE has the authority and infrastructure to offer robust validation of skills-based microcredits that meet industry needs and create new opportunities for those traditionally underrepresented in technical fields.
IEEE has partnered with training providers, conference organizers, and industry leaders for more than 30 years to validate training programs and issue validated professional technical certifications.
To learn more about IEEE microcredentials and how your organization can offer them, visit IEEE Certification Program Web Page or contact us.
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