A growing number of companies, including many in tech, are dropping the requirement for a bachelor’s degree for many middle-skill and even higher-skill roles, according to a recent study from Harvard Business Review and Emsi Burning Glass, a leading labor market data company. More than 51 million jobs posted between 2017 and 2020 were analyzed for the study.
This reverses the so-called “degree inflation” trend that picked up steam after the Great Recession where many employers began adding degree requirements to job descriptions that hadn’t previously needed them — even though the actual jobs hadn’t changed.
In place of four-year-degree requirements, many companies are instead focusing on skills-based hiring to widen the talent pool.
Even the U.S. government is rethinking its approach. In January 2021, the White House announced limits on the use of educational requirements when hiring for IT positions. Looking predominately at college degrees “excludes capable candidates and undermines labor market efficiencies,” the executive order states.
https://www.cnbc.com/2022/04/25/companies-eliminate-college-degree-requirement-to-draw-needed-workers.html
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