{"id":7886,"date":"2018-01-13T09:49:48","date_gmt":"2018-01-13T14:49:48","guid":{"rendered":"https:\/\/ioadvisory.com\/?p=7886"},"modified":"2025-02-27T08:13:09","modified_gmt":"2025-02-27T13:13:09","slug":"hiring-staff-early-days-blockchain-era","status":"publish","type":"post","link":"https:\/\/ioadvisory.com\/blog\/hiring-staff-early-days-blockchain-era\/","title":{"rendered":"Hiring and HR at the Start of the Blockchain Era"},"content":{"rendered":"<p><span style=\"font-size: 12pt;\"><a href=\"https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/Depositphotos_125163442_m-2015.jpg\"><img decoding=\"async\" class=\"alignright wp-image-7890\" src=\"https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/Depositphotos_125163442_m-2015.jpg\" alt=\"hiring people for blockchain work\" width=\"513\" height=\"342\" srcset=\"https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/Depositphotos_125163442_m-2015.jpg 1000w, https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/Depositphotos_125163442_m-2015-300x200.jpg 300w, https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/Depositphotos_125163442_m-2015-768x512.jpg 768w\" sizes=\"(max-width: 513px) 100vw, 513px\" \/><\/a>In my last blog post, I described <a href=\"https:\/\/ioadvisory.com\/blog\/blockchain-cryptocurrency-careers\/\" target=\"_blank\" rel=\"noopener noreferrer\">seven emerging careers<\/a> that are linked to blockchain technology. Besides the fact that they\u2019re all related to the same technology, these career options have another thing in common: it\u2019s not easy to get a degree or diploma in anything blockchain-related. This means that people and\/or organizations who want to hire staff to work in these areas probably can\u2019t use their usual approach. Degrees and diplomas don&#8217;t work as a proxy for knowledge in this context.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>Measuring Job Candidates&#8217; Knowledge and Experience<\/strong><\/span><\/p>\n<p><span style=\"font-size: 12pt;\">In my experience, most hiring managers and business owners focus on evaluating potential employees\u2019 knowledge and experience because these characteristics are measurable. Often, knowledge is assumed when a job applicant has the right degree or diploma. In these early days of the blockchain era, those degrees and diplomas don\u2019t exist. Similarly, most employers require a certain amount of relevant work experience. Again, in this brand-new context, nobody has 5 to 10 years of work experience. This puts hiring managers and business owners in a tough position. The usually &#8216;measurable\u2019 stuff is not so easy to measure.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>Besides Knowledge and Experience, What Determines Job Performance?<\/strong><\/span><\/p>\n<p><span style=\"font-size: 12pt;\">It gets worse. In the world of <a href=\"https:\/\/www.verywellmind.com\/what-is-industrial-organizational-psychology-2795302\" target=\"_blank\" rel=\"noopener noreferrer\">Industrial and Organizational (I\/O) Psychology<\/a> we\u2019ve always understood that <strong>job performance is determined by two things:<\/strong><\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><strong>1)<\/strong> Employees\u2019 knowledge and experience, or in other words, <strong><em>what<\/em><\/strong> they know. Often this is technical competence or so-called hard skills.<\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><strong>2)<\/strong><em><strong> How<\/strong><\/em> an employee applies their skills and experience. This includes qualities like initiative, creativity, judgement, conscientiousness, etc. For a more thorough discussion of soft skills and their importance \u2013 especially when hiring, please read this previous <a href=\"https:\/\/ioadvisory.com\/blog\/soft-skills-hard-develop\/\" target=\"_blank\" rel=\"noopener noreferrer\">blog article<\/a>. In many cases, the soft skills play the bigger part. When you\u2019ve got one or more people with similar experience and knowledge (often measured by a certain designation, credential, degree, or diploma), the person who is better able to apply what they know is more successful. They have better soft skills.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\"><a href=\"https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/Depositphotos_174408086_m-2015.jpg\"><img decoding=\"async\" class=\"alignleft wp-image-7894\" src=\"https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/Depositphotos_174408086_m-2015.jpg\" alt=\"blockchain careers - hiring is harder\" width=\"411\" height=\"274\" srcset=\"https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/Depositphotos_174408086_m-2015.jpg 999w, https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/Depositphotos_174408086_m-2015-300x200.jpg 300w, https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/Depositphotos_174408086_m-2015-768x513.jpg 768w\" sizes=\"(max-width: 411px) 100vw, 411px\" \/><\/a>I\u2019ve always found it interesting (and troubling) that most employers and hiring managers spend much more time evaluating skills and knowledge and inadequate time and effort evaluating candidates\u2019 soft skills. Practically speaking, I understand why this happens. It\u2019s much easier to assess knowledge and experience. Measuring things like behavioural flexibility, sound judgement, teamwork and cooperation, etc. is often easier said than done.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\">In this brave new world of blockchain-related careers, many organizations will make expensive mistakes when hiring staff. For the time being, it\u2019s almost impossible to count on degrees or diplomas as a proxy for knowledge. Hardly any candidates have multiple years of experience. Plus, the soft skills which are traditionally harder to measure may be even more elusive in this context. In addition to the usual soft skills, qualities like potential, the willingness and ability to engage in ongoing self-directed learning, and creativity\/innovation are probably especially important. Lucky for my clients (and future clients), my training and experience have allowed me to develop a specialization in measuring these types of human behaviours in the workplace.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>Alternative Employment Arrangements<\/strong><\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><a href=\"https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/black-guy-in-suit-william-stitt-162589.jpg\"><img decoding=\"async\" class=\"alignleft wp-image-7889 \" src=\"https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/black-guy-in-suit-william-stitt-162589-1024x683.jpg\" alt=\"hiring in blockchain era\" width=\"442\" height=\"295\" srcset=\"https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/black-guy-in-suit-william-stitt-162589-1024x683.jpg 1024w, https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/black-guy-in-suit-william-stitt-162589-300x200.jpg 300w, https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/black-guy-in-suit-william-stitt-162589-768x512.jpg 768w, https:\/\/ioadvisory.com\/blog\/wp-content\/uploads\/2018\/01\/black-guy-in-suit-william-stitt-162589-1080x720.jpg 1080w\" sizes=\"(max-width: 442px) 100vw, 442px\" \/><\/a><\/span><\/p>\n<p><span style=\"font-size: 12pt;\">Although it\u2019s still the early days of the blockchain era, I\u2019ve seen evidence of organizations exploring different types of employment arrangements (click here to read more). This is due, in part, to the fact that there are many more jobs than there are qualified people to fill them. This means that there\u2019s stiff competition for employees and candidates can be very picky about the role they choose. Some of the compensation models that have been presented include various degrees of equity, cryptocurrency token distribution arrangements, plus competitive salaries. These scenarios are making the employer-employee relationships much fuzzier than usual.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>Planning to hire people who can function effectively in the blockchain era?<\/strong> Let\u2019s talk! I invite you to contact me by\u00a0<a href=\"mailto:%20helen@ioadvisory.com\" target=\"_blank\" rel=\"noopener noreferrer\">email<\/a>,\u00a0<a href=\"https:\/\/ioadvisory.com\/blog\/appointments\/\" target=\"_blank\" rel=\"noopener noreferrer\">phone<\/a>, or via direct message on\u00a0<a href=\"https:\/\/twitter.com\/drheleno_ca\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter,<\/a>\u00a0<a href=\"https:\/\/www.facebook.com\/IOAdvisoryServices\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a>, or\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/helenofosu\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn<\/a>.<\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><a href=\"https:\/\/ioadvisory.com\/blog\/\" target=\"_blank\" rel=\"noopener noreferrer\"><br \/>\nI\/O Advisory Services<\/a>\u00a0\u2013 Building Resilient Careers\u00a0and Organizations.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\">Easily share this article using any of the social media icons below!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the early days of the blockchain era, many organizations will make expensive mistakes when hiring staff. The typical screening strategies won&#8217;t work since nobody has a degree or diploma in blockchain or 5 to 10 years of work experience in the field.<\/p>\n","protected":false},"author":3,"featured_media":7890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,304],"tags":[195,192,193,28,194,169,126,30,31],"class_list":["post-7886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-hiring-staff-hr","tag-bitcoin","tag-blockchain-careers","tag-blockchain-jobs","tag-competencies","tag-cryptocurrency","tag-human-resources-hr","tag-io-psychology","tag-reference-check","tag-soft-skills"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hiring and HR at the Start of the Blockchain Era | I\/O Advisory Services<\/title>\n<meta name=\"description\" content=\"During the early days of the blockchain era, many organizations will make expensive mistakes when hiring staff. 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