Background

LinkedIn is an illustrious website that helps professionals connect with one another. It is also a portal for people to display their skills as well as the path that their career has taken through the years. It contains a variety of information ranging from education, knowledge to checkpoints in their career.

Employers also use this platform for recruiting professionals. So it is a useful tool which is slowly becoming a necessity for people entering into the corporate world. Navigation and understanding crucial skills for their profession of choice and the location they would flourish goes a long way in crafting a successful career.

Approach of Project

The report will be charting the trends in LinkedIn across all fields. It will be delving into the kind of skills that are gaining or losing popularity across different verticals as well as what the top few must have skills are for all working professionals.

The other useful component for young professionals is what the migration trends are with respect to their skills and which place would give them space to learn and display their potential.

The final aspect but supremely important one is whether the global employment trends are conducive to their growth. Only upon knowing this aspect is it possible for them to decide whether migration is a good option or upskilling is necessary.

Information on Data

The World Bank Group - Linkedin Digital Data for Development attempts to harness LinkedIn data covering more than 100 countries. For the purpose of this report the following datasets will be accessed:

• Excel: Industry Skills Needs
• Excel: Talent Migration
• Excel: Employment Growth

Group info

Team of Thrones

Members:

• Ambalika Gupta
• Smriti Vinayak Bhat
• Yin Shan Ho

Imagine

Trend of skill categories across the different verticals by year

Trend in change of useful skills across occupations

Analysis

• Soft skills are the one set of skills that people have increasingly found need for across all the verticals.
• Business skills are finding less and less takers by the year.
• Specialized industry skills seem to have seen volatility as they were in decline up until 2017-2018 but with the arrival of 2019 they saw a significant boost in demand.
• Disruptive technological skills do not seem to have caught on yet except for the Information and Communication segment.
• Mining and Quarrying have seen no disruptive tech skills growth whatsoever.
• Despite fintech sweeping across the world, among the people employed in the field of financial and insurance activities little to no technical skills seem to be visible.

• The skill that is the most in demand across all years is Digital Literacy.
• Business Management, Leadership and Teamwork are also right behind. Business Management however has been in decline since 2017 while Teamwork has taken the forefront.
• Business Skills - 5, Soft Skills - 4, Specialized Industry Skills - 2, Tech Skills - 3 are the split across the type of skills. Business skills and Soft skills still dominate.
• Specialized Industry skills figure in this list too. These are Research and Foreign Languages. In an increasingly interconnected world, it is quite evident why Foreign Languages make this list. Research also forms the corner stone of innovation and is an important skill to possess. Apart from this, Social media is also a technological main stay which figures prominently. This is yet another proof of the influence of technology on skills needed.

Top countries with highest emigration

Top 10 countries with highest immigration

Analysis

Top Skill Gains in High Income Countries in 2019 due to migration

Tech Skills
- Scientific Computing
- Mobile Application Development
- Web Hosting - Upcoming skills with Cloud computing trend
- Web Development
- Computer Hardware

Business Skills
- Competitive Strategies
- Customer Service Systems
- Economics
- Tax Accounting
- Bookkeeping

Global Migration Trend

Top Skill Gains in Tech

Top Skill Gains in Tech

Top Country Hub for each Industry

Global trend of employment growth rate

Trend of employment growth rate in different industries

Analysis

• Recovering from the financial crisis but slowing down in the growth rate.

• Most of the income groups have increasing trend of employment rate except from high income group.

• Rapid development in Information and communication Section.

• Decreasing trend observed in Mining and Quarrying sections in High and Upper Middle Income group.

Top 10 Employment Growth (Industries)

Top 10 Employment Recession (Industries)

Analysis

Rapid Development in:

1. Infrastructure

2. Information Technology

3. Equity Management

4. Environment Protection

Rapid Recession in:

1. Traditional Media

2. Traditional Communication

Conclusion

Professionals in today’s day and time are always looking for opportunities to grow in terms of their career. There are multiple aspects to this growth and the environment needed to enrich the growth.

Skills are front and center in terms of must-haves for a fruitful career. From the analysis it is clear that soft skills are a necessity regardless of vertical. Business skills have no longer remained the mainstay that they used to be and tech skills are here to stay however their disruptiveness in every sector is up for debate.

As one chooses to upskill, they find it harder to stay stationary within their old environment and migrate to greener pastures. From above trends it is observed that hard skills like Data Driven Analytics, Fintech, Nanotechnology and soft skills like Persuasion has seen an upward trend in terms of skill gain due to migration. This can be credited to expanding technology and the growing stock markets and startup culture looking at the Venture Capital and Private Equity industry trend.

However we also need to consider whether the current economy is at the state where such activities are possible and employment growth would directly relate to whether the upskilling has to do with retaining jobs or switching them out. The Information and communication sector has a rapid boom in recent years which indicates that there are larger demand of labor whereas the recession in traditional media and communications sectors cause more and more labor being laid off.

Thank You and hope you can all get a good job in the future