Human resources professionals are increasingly prioritizing skills over traditional four-year degrees in hiring practices. A survey reveals that around 90% of CHROs recognize the need to hire beyond degree holders. Concerns about a potential talent shortage have prompted this shift, with employees also predicting a growing emphasis on new skills by 2035. The rise of skills-based hiring aligns with trends of upskilling workers and reconsidering educational requirements, exacerbated by the impact of AI. A strong sentiment from executives indicates that nontraditional candidates can perform equally or better than degree holders in the workplace.
Around 90% of CHROs now say their organization has a greater need to hire outside the four-year college degree, according to a new survey of over 1,000 HR decision-makers from ETS, an education testing company.
Workers, for their part, are well aware of the pivot; around 81% of global employees believe that by 2035, evidence of new skills acquired will be as valued as a university degree.
The idea of skills-based hiring and upskilling workers has been a major trend over the past few years, as employers try to expand their pool of candidates by focusing on people who can do the job no matter what their educational background.
A 2023 U.S. Chamber of Commerce survey found that 95% executives and HR heads say nontraditional candidates perform just as well, if not better than, degree-holders.
#skills-based-hiring #human-resources #workforce-demands #employee-upskilling #nontraditional-candidates
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