Employers are scaling back or even eliminating the need for employees and potential employees to have college degrees. Their reasoning for this? Employers now prefer to hear and see a candidate's skills and competencies. A Harvard Business Review study found "degree inflation" made the job market inefficient, because degree inflation demanded college degrees to work jobs that didn't need them.
The trend after COVID-19 is moving sourcing practices in a more lenient direction. Major employers like IBM, Bank of America, and Github have relaxed their hiring practices. These changes may stem from having a smaller pool of active candidates to hire from and strict job requirements have put companies at a major disadvantage during the Great Resignation. Employers must find the right candidates AND scale back their job requirements. But how? Well, the solution lies in starting the hiring process with a skills-based job description.