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As organizations search for job candidates who have the skills they need, some companies are opting not to require a four-year degree, or are taking steps to de-emphasize the college requirement for employment. Investing in their employees’ training and development is another course of action for employers who want—but have difficulty finding—candidates with the desired skillsets.
Penguin Scraps Degree Requirement
Publisher Penguin Random House says job applicants will no longer be required to have a university degree. The firm wants to have a more varied intake of staff and suggests there is no clear link between holding a degree and performance in a job. Neil Morrison, human resources director, says they want talented staff “regardless of background.” Penguin’s announcement follows a series of financial companies dropping academic requirements for applicants.(BBC)
Here's Why You Should Hire the Candidate without a 4-Year Degree
Nearly 60 percent of college students say they feel prepared for the workforce; only 23 percent of employers agree.
No Degree, No Problem
Professional services firms Ernst & Young (EY), Deloitte, and PricewaterhouseCoopers made headlines last year when their U.K. affiliates publicized the decision to de-emphasize formal education in the recruitment process. Deloitte and EY cited the need to diversify their talent pool as the impetus for their policy shift, as well as a desire to focus on the candidate attributes that positively correlate with strong job performance.(SHRM Online)
Technology Could Kill 5 Million Jobs by 2020
Countries will have to invest in transforming their workforce if they want to keep up with the changes and avoid a worse-case scenario of “talent shortages, mass unemployment and growing inequality,” said Klaus Schwab, the founder and chairman of the World Economic Forum. Investing in education and adult learning programs is a good place to start.
Viewpoint: Securing Future Success by Investing in Today’s Workforce
Manufacturers are preparing themselves for the reality of impending years of demand, growth and success. A central piece in their efforts is on-the-job training programs that allow workers to develop new skills in the factory and on the clock.(SHRM Online)
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