5 Key HR Trends in the Web3 Industry

As of today HR professionals in Web3 are facing a crisis as Web3 companies are facing a 76% talent shortage, as the demand for skilled Web3 professionals outpaces the available talent pool.

This is why 58% of Web3 companies cite "finding the right talent" as their biggest hiring challenge.

With those stats in mind, a few significant HR trends have recently emerged, and Web3 recruiters are going to want to pay attention…

Below, we have listed 5 of the most important trends you should be aware of:

TREND 1: Crypto Payroll Payments

Crypto payroll is exploding right now as a top Web3 trend, changing how HR professionals interact with potential new hires.

Global remote contractors want to be paid in crypto, because it makes their lives easier in multiple ways, including:

• no currency exchanges

• protection from inflation

• instant payments

• potential investment

Crypto payroll ensures that payments are made on time, which definitely increases employee satisfaction.

This trend is continuing to grow as companies begin to realize just how easy it is to pay their employees in crypto by using a Web3 payroll service like Rise, which has already made payments to over 50k global contractors.

Here’s a cool breakdown of how their contractors choose to get paid:

TREND 2: Global Talent Acquisition

Now this one is pretty obvious if you’re a Web3 recruiter. The world is going more global by the day.

Here’s a couple of stats proving that point:

• 78% of Web3 job postings offer remote work options, allowing companies to access a global talent pool.

• 64% of Web3 professionals prefer to work remotely, driving the demand for distributed teams.

If you want the best talent, you’re likely going to have to look beyond just your local city.

TREND 3: Decentralized Identity Verification

With more and more data breaches happening everyday, it’s no surprise this trend is growing.

Blockchain-backed verification ensures secure, immutable candidate authentication, reshaping hiring processes for reliability and transparency.

This can even help address issues like resume fraud and simplify the onboarding process.

The company we mentioned above, Rise, has even created on-chain IDs for businesses and contractors called the Rise ID, which allows users to:

• show their work history and certifications

• verify their identity compliantly

• withdraw funds

Here’s an example of a Rise ID below:

TREND 4: Automated HR Processes

One of the greatest things about blockchain technology is all of the automation it offers.

By introducing smart contracts to existing payroll and HR functions, automation can strip out the admins and room for human error.

These payroll smart contracts, which sit within the blockchain, are deployed to instantly pay team members for the work they have done, and so much more.

How Do Payroll Smart Contracts Work?

Employers initiate signatures to approve milestones, timesheets, and projects effectively triggering payments directly their workforce.

Once the signature is in, payees instantly receive their funds and can choose to withdraw to multiple external accounts in fiat or cryptocurrencies.

It’s that easy.

TREND 5: Peer-to-Peer Hiring

In this model, employers can directly engage and connect with potential candidates through decentralized hiring platforms, bypassing traditional intermediaries like job boards and recruitment agencies.

These decentralized hiring platforms leverage blockchain technology and decentralized autonomous organizations (DAOs) to facilitate direct interactions between employers and candidates.

One place you can find great peer-to-peer job opportunities is on web3.career.

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