Job posts for workers without degrees are booming. The actual hiring doesn't always follow
Publishing timestamp: 2024-02-19 09:16:06
Summary
Many top companies are removing degree requirements from job postings to focus on skills-based hiring, but data shows that not all companies are following through with significant hires. Hiring based on skills rather than degrees can lead to pay increases for workers, but there are challenges in implementing this shift in hiring practices. Companies like Amazon, Bank of America, and Lockheed Martin are making progress, while others like Nike, Uber, and HSBC are struggling to maintain their commitment to skill-based hiring.
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Keywords: careers, stellantis nv, yelp inc, delta air lines inc, cigna corp, general motors co, business news, education, apple inc, undergraduate education, exxon mobil corp, labor economy, amazon.com inc, tyson foods inc, personnel, lockheed martin corp, bank of america corp, oracle corp, us foods holding corp, workplace culture, kroger co, science, walmart inc, jobs, nike inc, target corp,