Employers across a range of industries are dropping a job requirement once considered a ticket to a higher paying job and financial security: a college degree.
Today’s tight labor market has led more companies instead to take a more skills-based approach to hiring, as evidenced on job search sites like Indeed and ZipRecruiter.
“Part of it is employers realizing they may be able to do a better job finding the right talent by looking for the skills or competencies someone needs to do the job and not letting a degree get in the way of that,” Parisa Fatehi-Weeks, senior director of environmental, social and governance (ESG) for hiring platform Indeed told CBS MoneyWatch.
That’s not nepotism, it’s networking. Nepotism is getting the job by being the boss’ kid. It’s also the reason why degrees/diplomas with a co-op or internship component are valuable. As a co-op, you’re a low-risk/low-cost hire and the manager can evaluate your skills and get to know you. Come graduation, if you did a good job, you can reach out to those managers and have a much better chance at getting hired.