Startup
The importance of certification in employee skill validation
In the fiercely competitive market of today, organisations are not limiting themselves to considering only degrees when hiring. The exacerbating impact of the pandemic, rising inflation and global recession predictions are all directly associated with the Great Attrition phenomenon. This has led employers to rethink their hiring approaches and explore a recruitment space that is more skill-based and driven by a promptness to react to real-world challenges.
Considering the burgeoning business landscape, the organisations are moving beyond degrees and titles to focus more on skills that a particular job requires. Subsequently, organisations are sourcing new talents with non-traditional skills to build a better and sustainably inclusive workforce. However, to future-proof their skills, they are shifting their focus towards certification-based skills that formally validate an employee’s knowledge, skills and expertise.
As part of skill validation, certifications are pivotal in aligning an organisation’s goals with its workforce capabilities. These programmes benefit not only employees by enhancing their career journey but also provide organisations with concrete evidence of their team’s skills, ensuring quality, credibility, and a competitive edge.
According to the American Society for Training & Development (ASTD), over 80% of organisations now offer certification or professional development programs to their employees. This highlights the growing recognition that validated skills are key to thriving in an increasingly competitive market.
Skill verification and consistency
Amid the ongoing war of talent and layoff announcements, certifications serve as an objective measure of skill, providing employers with verified proof and tagging employees that they meet industry standards.
Unlike the traditional methods of self-assessments or internal evaluations, certifications, often issued by reputed third parties, ensure a standardised measure across industries. For organisations, these certifications produce reduced risk when it comes to employee performance. Certified professionals bring a uniformity in level of knowledge and skills, aligning the candidates’ capabilities with organisational goals.
According to the Global Knowledge 2021 IT Skills and Salary Report, 85% of IT professionals feel more confident in their abilities after earning a certification, which directly translates into higher productivity and job satisfaction.
Professional development and growth
Employees are always on a constant hunt for employers who are aligned with their professional growth. Since certification programmes empower employees to augment their skills, they often lead to promotion and increased possibilities for personal growth. On the other hand, when an organisation invests in employee certifications, it exhibits their commitment to long-term success which can be highly motivating and encouraging in improving employee experience.
Building trust and credibility
For many organisations, building credibility with clients, stakeholders, and peers within the industry is crucial. Having employees validated with certifications can significantly boost a company’s reputation, showcasing to the stakeholders that the company values knowledge, skill, and quality. It acts as a quality assurance marker, giving clients and partners the confidence that they are working with real-world professionals in the industry. As a result, this credibility can lead to better client relations and allow organisations to gain a competitive edge in the market.
Ensuring compliance and reducing risk
In today’s fast paced world, organisations are mandatorily designing stringent compliance and regulatory standards, especially in industries such as healthcare, finance, and information technology. In tandem, certified employees are more likely to understand and adhere to compliance standards, which further reduces the risk of non-compliance and associated penalties for the organisation. Moreover, certifications enable them to create a workforce that is not only skilled but also proactive in managing and mitigating potential risks.
Attracting and retaining talent
To thrive in a competitive world, organisations are considering certification programmes as an effective tool in attracting top talent. When prospective employees see that an organisation values certifications, they are more likely to perceive it as a place that values growth, professional development and business ethics. Furthermore, employees who feel that their employer invests in their skills are more likely to stay with the company long-term. This reduces turnover rates and the associated costs of recruitment and training.
Industry changes and technological advances
With accelerated technology adoption, organisations are rapidly evolving, creating a constant need to prepare for industry changes. Given the scenario, certifications can be an effective way for employees to stay updated on the latest market trends and technologies. Certification programmes often cover emerging technologies and industry practices, preparing employees to adapt and remain relevant even in dynamic landscapes. This brings agility for employees to transition more smoothly into new roles or adapt to new technologies.
Final thoughts
The importance of certification in employee skill validation cannot be understated. For organisations, it serves as a foundation for workforce excellence while for employees, it provides a pathway to personal growth and career advancement. As part of their forward looking bets, organisations can integrate certification programmes into their employee development strategies and create a culture of quality, continuous learning, and resilience.
(Ravi Kaklasaria is the CEO and Co-Founder of edForce.)
Startup
Actor Varun Dhawan joins LinkedIn as startup investment portfolio grows
Bollywood actor Varun Dhawan joined LinkedIn on Thursday, November 21. The actor took to the professional networking social media platform and said he wanted to connect with professionals beyond just the entertainment industry.
Varun wrote: “I’m looking forward to sharing insights, discussing creativity, leadership, and yes–even some behind-the-scenes glimpses of the world of film. If there’s anything I’ve learned, it’s that there’s always something new to learn, no matter where you are in your career.”
Son of renowned film director David Dhawan, Varun worked as an assistant director in Karan Johar’s film My Name Is Khan (2010) before making his acting debut in 2012 with Johar’s Student Of The Year.
A graduate of Business Studies from Nottingham Trent University, Varun has made strategic investments in real estate and startups. He invested an undisclosed amount in Mumbai-based Fast&Up, a D2C nutraceutical brand, in December 2021.
In 2022, Varun invested an undisclosed amount in Bengaluru-based cloud kitchen operator Curefoods. As a part of the deal, Varun also signed a long-term association with Curefoods, becoming the brand ambassador of one of its brands, EatFit.
Additionally, according to media reports, Varun has also made investments to build a real estate portfolio consisting of luxury properties across Mumbai and Dubai.
With over a decade of experience in the film and entertainment industry, Varun is known for his work in films including October, Badlapur, Bhediya, Badrinath Ki Dulhania, and Humpty Sharma Ki Dulhania.
Over the years, Bollywood actors have been actively participating in the Indian startup ecosystem, either through strategic investments or as brand ambassadors representing companies. Many actors, including Suniel Shetty, Priyanka Chopra, Sonu Sood, Alia Bhatt, Ranveer Singh, and Kriti Sanon, have joined LinkedIn.
Startup
360 ONE Asset acquires stake in newly formed OneSource Pharma
360 ONE Asset on Thursday said it acquired a stake in OneSource Specialty Pharma, a contract development and manufacturing organisation (CDMO) specialising in biologics, complex injectables, and drug-device combinations.
In a statement, the company said the deal involves buying out an existing investor’s stake.
OneSource is among a handful of Indian CDMOs equipped to develop and manufacture cutting-edge products like GLP-1 drugs, which use a compound similar to those present in the popular obesity and diabetes drug, Ozempic. It also produces novel biologics or medicines derived from living organisms.
Backed by five highly automated manufacturing plants—four of which hold US-FDA approval—the company boasts a team of over 1,200 employees, including more than 100 scientists and technical experts.
“OneSource has established itself as a trusted development and manufacturing partner for top pharmaceutical companies worldwide,” said Neeraj Sharma, CEO of OneSource Specialty Pharma. “Our expertise in niche and complex dosage forms, along with our track record of superior compliance, allows us to provide an integrated, one-stop solution to our global clients. We are glad to welcome 360 ONE Asset as an investor who aligns with our mission to scale further,” he added.
OneSource was formed after the National Company Law Tribunal (NCLT) approved the merger of Strides Pharma Science, Steriscience Specialties Pvt Ltd, and the high-end biologics operations previously under Stelis Biopharma.
At the time, Strides Pharma Science said the collaboration was supported by a fresh equity infusion of Rs 801 crore (about $95 million) from a consortium of well-known investors. The investment valued the company at a pre-money equity valuation of $1.65 billion.
“We are delighted to back OneSource and its stellar team that has built a wide portfolio of capabilities. The company’s leadership in large molecules, complex injectables, and drug-device combinations positions it perfectly for the next phase of growth. We look forward to collaborating with OneSource as they continue their journey of innovation and global expansion,” Tarun Sharma, Fund Manager (Healthcare and Consumer) at 360 ONE Asset, said.
Startup
Google Chrome on Trial: Could This Be the Start of a New Internet Era?
The U.S. Department of Justice (DOJ) is taking a historic step in antitrust enforcement that could reshape the tech landscape. Recent reports suggest the DOJ aims to force Google to divest Chrome, its immensely popular web browser, to address concerns about its dominance in online search and advertising. With this move, the DOJ hopes to untangle Google’s sprawling digital empire, but will it truly lead to a fairer internet, or is this a Pandora’s box of unintended consequences?
Let’s unpack the details, the implications, and the monumental challenges of dismantling a tech titan.
Google Chrome: The Crown Jewel of Browsers
As of October 2024, Google Chrome commands a staggering 65.25% share of the global desktop browser market and 68.04% of the mobile browser market. These numbers illustrate Chrome’s omnipresence—it has been the gateway to the internet for billions of years. Its market dominance isn’t just about user preference but also about how Google integrates Chrome into its broader ecosystem, offering a seamless experience tied to its search engine, Gmail, YouTube, and other services.
Google’s browser has long been the backbone of its data-collection and advertising strategies, which contribute over 80% of Alphabet’s $300 billion annual revenue. Chrome users feed into this cycle by generating behavioral data, which Google uses to refine its advertising algorithms and improve its other platforms. This interconnectedness has fueled Google’s success but also drawn the ire of regulators.
The DOJ’s Allegations and Remedies
The DOJ accuses Google of leveraging its control over Chrome and its search engine to stifle competition and maintain an illegal monopoly. To address these issues, the DOJ has outlined several remedies:
Divesting Chrome
Forcing Google to sell Chrome would strike at the heart of its ecosystem. Without Chrome, Google’s ability to collect browser data and optimize its advertising algorithms could be significantly diminished.
Restricting Default Search Engine Agreements
Google reportedly spends $20 billion annually—more than NASA’s annual budget—to secure default search engine status on browsers like Apple’s Safari. The DOJ aims to curb such practices, creating space for competitors like Bing, DuckDuckGo, and Brave.
Mandating Data Sharing
By requiring Google to share search data with competitors, the DOJ hopes to level the playing field. This could empower smaller players to refine their search algorithms and attract more users.
Decoupling Android
The DOJ also proposes separating Android from Google’s suite of services, such as Maps and Gmail. This would allow phone manufacturers more freedom to offer alternative services.
Regulating AI Usage
Google’s dominance extends to AI, where it uses Chrome data to refine machine learning models. Limiting how this data is used could weaken Google’s AI capabilities and empower other players in the space.
Giving Websites More Control
Google’s use of web content in its AI systems has also raised concerns. The DOJ suggests giving publishers more say in how their content is used.
Who Could Buy Chrome?
If Chrome were sold, finding a buyer with the resources and expertise to manage such a massive platform would be challenging. Possible candidates include:
- OpenAI: Backed by Microsoft, OpenAI has the technical expertise and financial backing to make the acquisition work. However, Microsoft’s involvement could raise further antitrust concerns.
- Private Equity Firms: Deep-pocketed investment groups might see Chrome as a lucrative opportunity, but their lack of experience in managing large-scale tech platforms could be a drawback.
Whoever takes the reins of Chrome would face significant hurdles, particularly in monetizing the browser without access to Google’s advertising infrastructure.
Potential Impacts on the Internet
The DOJ’s proposals aim to foster competition, but they could also disrupt the internet ecosystem in profound ways:
Innovation and Competition
Breaking up Google could vitalize competition, leading to new innovations in browsers and search engines. Smaller players might finally get their chance to shine.
User Experience
A Chrome-less Google might struggle to maintain the seamless integration that users have come to expect. This could result in fragmented services and a less cohesive internet experience.
Cost Implications
Google’s free services are supported by its advertising revenue. Without the data synergy provided by Chrome, Google might have to charge for services like Gmail and Drive, fundamentally altering the internet’s economic model.
Privacy and Data Handling
Post-divestiture, Chrome’s new owner would need to establish clear data policies. This transition could lead to privacy concerns or opportunities for better data practices.
A Global Ripple Effect
The DOJ’s actions are likely to set a precedent for tech regulation worldwide. The European Union is already investigating Google’s practices, and other nations could follow suit. If successful, the case could redefine how countries approach antitrust issues in the tech industry.
Google’s Defense and Adaptation
Google has labeled the DOJ’s proposals as a “radical agenda” and is mounting a strong legal defense. The company argues that such measures would stifle innovation and harm consumers. Simultaneously, Google is preparing for a post-cookie future, finding ways to collect user data without third-party cookies—a clear sign that it is bracing for change.
The Bigger Picture
At its core, this case isn’t just about Google or Chrome—it’s about the future of the internet. If the DOJ succeeds, we could see a fairer digital landscape with more competition and stricter data regulations. However, the transition could also bring higher costs for users, disrupted services, and a less unified online experience.
As court hearings unfold in 2025, one thing is certain: this is a turning point for technology, business, and society. Whether this leads to a brighter, more competitive internet or unintended chaos remains to be seen.
For now, we’re left wondering: is this truly the end of Google Chrome, or just the beginning of a new chapter in the tech world?
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