Despite expressed support for dropping college degree requirements, only 31% of surveyed hiring managers have actively implemented this change.
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The non-profit organization OneTen aims to bridge the opportunity gap for Black Americans without a four-year degree by placing them in family-sustaining jobs.
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The prevailing preference for four-year degrees in hiring has limited diversity in the workforce, but there is a growing push to shift towards a skills-first approach.
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Around 75% of Black Americans, 82% of Latinos, and 66% of Caucasians don't have a four-year college degree, yet 60% of jobs still require one.
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Erroneous beliefs about the qualifications of candidates without a college education and a lack of common language and methodology in hiring contribute to the slow adoption of skill-based hiring.
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The report found that 97% of hiring managers associate a traditional four-year degree with higher proficiency in soft skills, despite little evidence to support this correlation.
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Investing in qualified non-degreed workers leads to happier, more engaged, and productive employees who are also more likely to upskill and stay with the company.
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Rometty and Frazier emphasize that CEO endorsement of a skills-first strategy is crucial for widespread adoption in the workforce.
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The efficacy of a skills-first approach ultimately depends on managers being receptive to the idea and involved in the solution.
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Encouraging employees to see the value of bringing in diverse talent and how it can benefit them personally can help drive the adoption of skill-based hiring.
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