Globalization, with the help of advancing technologies, is increasingly contributing towards increased integration of labor markets. This aspect comes with the added advantage of closing the wage gap between employees in developing and advanced economies. Using blockchain, Work Quest can store personal information from both employees and candidates in a secure, private, as well as confidential manner while at the same time being able to prevent information alterations.
This technology will at the same time provide the necessary information to the relevant recipient as long as they have permission from the sender. Employers can, therefore, benefit from the integration of blockchain technology in the hiring and recruiting process.
A work net blockchain will store all information on agreements and transactions on the blockchain. Therefore, real-time data will be easily obtained by users while at the same time upholding the aspect of integrity. Candidates and employers can, therefore, trust global recruiting processes at more affordable rates.
The Work Quest blockchain will promote fast transactions, thus providing time-saving processes. Fast transactions will enable users to peruse more information while eliminating technological challenges despite the vast numbers of people using the same platform throughout the world. The inclusion of affordable smart contracts will promote the globalization of the labor market considering a Proof of Stake (PoS) consensus mechanism.
Work Quest Blockchain Revolutionizing the Hiring Process
Work Quest is implementing the use of Blockchain technology to revolutionize the labor market industry. The major aspects that Work Quest is addressing in the recruiting and hiring process with the help of blockchain include malicious tampering. Malicious tampering in this field will include forgery, theft, deletion, and/or fabrication. These aspects have been a major concern in the global market for both potential employees and employers. Many employers fear hiring the wrong task force through forged certificates, whereas employees may not trust the presence of an employee online due to fraudster cases.
The Work Quest platform users will benefit from the integration of blockchain technology through the following ways.
The emergence of smart contracts
Many work contracts across the globe are based on traditional pen-to-paper contracts. Employers and employees sign a contract after an agreement, after which each party retains its hard copy. Sometimes dishonest parties tamper with the signed agreements. Also, paper contracts come with the disadvantage that they are tedious and time-consuming. With the inclusion of blockchain smart contracts, paper contracts are phasing out.
Work Quest smart contracts are simple to create and update in real-time. Employees can update their content in real-time as they rise through ranks, change job description requirements, or when there is a change in compensation. Such adaptations are only possible with the platform services. Besides, tampering with the verified information is difficult with the presence of smart contracts. The smart contract specification will allow both parties to bind agreements because it is operating on the blockchain.
The Work Net Smart Contract specification system functions uniquely. It works upon instructions that are related to product innovation and development. Here, the blockchain will generate a new inherited smart contract, which will allow both employees and employers to complete a contract upon integration and eliminate traditional contract processes. The smart work net contract will cultivate transactions beyond unlimited numbers. Also, it will break it down into varied parameters.
The smart contract further provides a mutual understanding between the participating parties as well as other users approved to access the information. Nevertheless, a smart contract remains the best and preferred guarantor as it provides sufficient proof of agreement. The added advantage of these smart contracts is that third parties may not impact predefined agreements eliminating work-related political feuds. The absence of third parties and intermediaries contributes to the platform’s cost-effectiveness. Another added advantage of smart contracts is the elimination of fraud cases because the employer and employee are directly linked.
The smart contract’s presence ensures that the terms of the contract are kept and that all parties can access the contract at their convenience in real-time.
Work Quest Affordability
To boost the labor market’s globalization, the Work Quest platform must provide an affordable platform allowing all skilled candidates to access various job opportunities. The Work Quest platform increases the adoption of cryptocurrency across all industries, thus eliminating the limitations of fiat currency, therefore, providing a diversified opportunity.
Companies and organizations enjoy lower costs of recruiting employees by not only saving on time but also by avoiding fees provided by agencies and a high cost of maintaining a costly human resource department. Keep in mind that it is free to register and create a user profile on Work Quest. While searching the global market, it can be challenging and expensive to visit different countries while looking to employ one or a few candidates.
Resume verification
It has been noted that many job candidates provide falsified information in an attempt to secure a job. Employers seek a reliable platform that can verify the accuracy of all claims made by candidates in an application. Under normal circumstances, employers and recruiting agencies have a slim chance of detecting such falsehood. However, Work Quest has put this aspect into consideration and incorporated blockchain tech, rating system, and evaluation of completed work.
Work Quest is based on the Work Net blockchain, which promotes trustworthy transactions. Also, blockchain tech safely secures all transactions and user data, therefore, allowing members to have trust in all processes when on Work Quest. All communication processes and dealings remain safe and secure from malicious interruptions.
This said, blockchain technology acts as a lasting solution to resume verification. Verification of information and data is essential in hiring the right candidates. The relevant parties, including former employers and educational institutions, are required to confirm the provided information from candidates. Employers and potential employees will save time because all resumes are confirmed before advertising jobs and skills.
The rating system provides sufficient information for the performance of candidates in their previous jobs. Employers provide their track record enabling candidates to verify their legality in the market. Many candidates have complained of situations where they sign up for a specific job online and end up getting illegal jobs in different countries. The Work Quest platform seeks to eliminate such worries by providing adequate and verified information. Right from simplified jobs such as home care to complicated jobs such as companies’ directors must all be verified before approval. Employers can easily verify what candidates have gained in their education and employment history.
Work Quest blockchain prevents job applicants and employers from tampering with the verified information. Any information added to an employer or employee profile must also be verified before it is available to other users. People can be sure that people are who they say they are on Work Quest, making it easier for them to make the right choice when hiring or applying for jobs.
Providing access to verified databases
Every company or employer is looking to hire the perfect candidate, therefore, looking for an individual that will match the skill set and experience required. Work Quest blockchain technology attempts to make a recruiting process more realistic by providing verified employee databases, especially for first-time candidates. Verified databases make it simple and save time when researching before making any applications. The need to call former employers for data verification is no longer a top priority because all the necessary information is already provided on reliable and accurate databases.
Work Quest helps employers to search for skilled employees because Work Quest Blockchain provides verified employee databases readily available for employers whether they are new in the market or not.
Bottom Line
Globalization of the labor market creates greater opportunities for both employers and employees. Employers will be able to identify skilled, talented, and qualified personnel despite geographical boundaries. On the other hand, employees can recognize job opportunities in other countries even when their regions are flooded with similar talents. Thanks to the platform specifications, Work Quest features benefits that are the reason behind its success.
Work Quest globalization offers an advantage to worldwide awareness as well as cross-border technology dissemination. Nations can readily access foreign expertise and increase international competition, thus promoting an increase in the economy’s strength. Traditional recruiting online methods face challenges in connecting, screening, and verifying candidate resumes which can be tedious and time-consuming. With Work Quest blockchain, obtaining verification of credentials will reduce costs and delays, increase confidence, and promote hiring automation.
