Introduction
The knowledge economy has significantly changed the hiring process between employees and employers. This has allowed workers to become sellers of their talents and knowledge to those who are willing to pay for them. People can earn money without joining traditional companies, giving them more flexibility and options.
Game Changing Question: Why Hire Me?
It has changed the interview process and the questions by which an employer determines whether or not to hire them. The employer tries to understand whether the employee knows this topic and how to achieve results. They are more focused on the results than on the process. Today, employees have access to modern technology, and they can manage their knowledge more independently and seek out potential customers (Montgomery& Baglioni, 2021). For example, they can search for potential buyers online or on social media, which gives them more flexibility and freedom.
Employer vs. Employee Control
The knowledge and gig economies bring more control to the employer and the interview process by introducing technology into the search process and setting compliance standards. This ensures a more transparent recruitment process and a higher quality of new hires. The basic principle of the knowledge economy is to use technology to identify the best candidates for a given position (Montgomery& Baglioni, 2021). With this technology, an employer can use algorithms to analyse a large amount of data that provides maximum information about candidates, so the employer can determine which candidates are best placed to succeed in a position.
Conclusion
In conclusion, applying the knowledge economy has changed the relationship between worker and employer and has given more power to the latter. Thus, the employer can test their knowledge and skills through online tests or other training and verification programs. This allows the employer to evaluate the quality of candidates based on their knowledge and skills, not just their CVs or other information available during the interview process.
Reference
Montgomery, T., & Baglioni, S. (2021). Defining the Gig Economy: Platform Capitalism and the Reinvention of Precarious Work. International Journal of Sociology and Social Policy, 41(9/10), 1012-1025.