Probably the most common question I am asked about MOOCs is what people will do for credentials if they're not getting degrees from universities. I've talked about mechanisms of direct assessment usin g available data from the open web. Now I can point to an actual instanceof that idea: pre-hire assessment. "I/O Psychologists look at jobs in great detail. They examine tasks at work and try to diagnose the skills, personality traits, experiences, and knowledge someone needs to succeed at this job (often called "KSA's" or knowledge, skills, and abilities)... you now have the core of a 'pre-hire assessment,' or test and interview script which can help you identify the top people for a position."
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