Employers relying on degree credentials in hiring paradoxically exclude over half of the U.S. workforce, limiting talent diversity despite talent shortage concerns.
Despite commitments to skills-based hiring, the shift remains minimal, with only one non-degreed worker hired for every 700 total hires in the U.S. last year.
Many hiring managers perceive shifting to skills-based hiring as risky, fearing potential career jeopardy and believing traditional hires are more likely to be immediately productive.
Contrary to perceptions, 84% of global companies found skills-based hires performed equally or better than those hired for degrees, with longer retention rates observed among skills-based hires.
#degree-requirements #skills-based-hiring #talent-diversity #recruitment-practices #workforce-dynamics
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