From San Francisco to Tokyo, Enterprises are fighting a never-ending “War for Talent”. According to research from McKinsey, in the US alone 1 million tech positions will remain unfilled by 2020, creating a $1trillion (!) productivity drag on the US economy; similar scenes are playing out worldwide.
Unsurprisingly, there’s an entrepreneurial rush to address the challenge (ironically, with more tech!). From recruiting to benefits to retention, hundreds of niche solutions are emerging to address elements of the talent value chain.
In parallel, there’s a seismic shift emerging in how both employers and employees view and define “work”. Where once 40-hour work-weeks and stable employment was the norm, a new, more fluid dynamic has taken hold. As more and more “transactional” talent models and platforms emerge, Enterprises are increasingly moving away from the idea of full-time employment and towards “jobs to be done”.
Enterprises are increasingly moving away from the idea of full-time employment and towards “jobs to be done”.
This shift is driven by both competitive forces - relentless shareholder demands to “do more with less” - as well as rapidly-falling transactional costs to source talent. Especially in knowledge work, the internet has been the great democratizer; in a connected world, intelligence, capability and value-creation are truly borderless. The competitive moats of the past which Ronald Coase described in “The Nature of the Firm” over 80 years ago are evaporating (this is well articulated in Qiao Wang’s post – kudos to Qiao and the Messari team).
In this modern, borderless knowledge economy, who can you trust? How do you validate skills and reputation? What commercial protections are in place for both parties? And can these new commercial frictions be overcome without undoing the benefit of sourcing talent options outside one’s firm?
Capaciti leverages the world’s largest source of latent tech talent – talent sitting inside existing vendors – and makes it quick and easy for Enterprises seeking project-oriented help to find, verify, engage and contract software development teams to create outputs. It’s a platform that opens up a world of pre-baked teams – with vetted skills, ways of working, and process management already developed – brought right to your fingertips. Scaling software development has never been easier. Enterprises no longer need limit themselves only to what their in-house teams can build.
It’s a platform that opens up a world of pre-baked teams – with vetted skills, ways of working, and process management already developed – brought right to your fingertips.
We believe this is the right approach because we’ve been helping Enterprises navigate the emerging “Future of Work” for over 6 years – first with Deloitte Consulting Innovation, where we helped build their global talent crowdsourcing platform, called Pixel, and more recently with a fully-distributed digital consultancy. We know what works, what doesn’t, where the pitfalls are, and most importantly, how to create value for clients, ongoing.
It’s a hugely exciting opportunity with enormous potential reach – and we’re just getting started!