Microcredentialising has been described by the EU’s vocations training authority as a “megatrend”. The Australian Government’s National Microcredentials Framework says that "technological change coupled with rapid transformation brought by Covid-19, has elevated the potential for microcredentials to rapidly upskill and reskill the workforce." One of the first empirical studies of the impact of microcredentials has found their impact to be less transformative, more nuanced than the hype suggests, but nonetheless a valuable ‘signal’ for an employer of an employee’s ability to do the job.
https://www.gtlaw.com.au/knowledge/does-microcredentialing-work
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