Companies that dropped bachelor's degree requirements have
broadened their talent pool and increased the number of job
applications
SEATTLE, July 19,
2024 /PRNewswire-PRWeb/ -- Intelligent.com, a
platform dedicated to helping young professionals navigate the
future of work, has published a recent survey report exploring the
trend of companies removing bachelor's degree requirements for
certain roles. The report also provides insights into the reasons
behind this decision. Intelligent.com experts gathered responses
from 750 business leaders in the United
States.
"The trend shift shows a broader
recognition that practical skills, real-world work experiences, and
the ability to self-learn can be more important measures of
potential success than four years of formal college education in
many job functions."
Based on the survey, 33 percent of business leaders report that
their company has eliminated the requirement for a bachelor's
degree for certain roles, while 63 percent have retained it. Among
those that have removed the degree requirement, 59 percent have
done so for entry-level positions, 54 percent for mid-level roles,
and 18 percent for senior-level roles. However, despite removing
the requirement for certain roles, 40 percent indicate that "many"
roles still retain this requirement, 43 percent say "some," and 16
percent report "a few."
Companies have chosen to eliminate the degree requirement to
prioritize skills over formal education, create a more diverse
workforce, and increase the number of job applicants. In fact, 77
percent of business leaders say their company is "very likely" or
"likely" to favor work experience over a bachelor's degree. Despite
this, 66 percent of respondents "highly value" and 31 percent
"somewhat value" whether a candidate has a bachelor's degree.
"Eliminating bachelor's degree requirements from the hiring and
recruiting process is becoming increasingly popular across many
industries," says Chief Education and Career Development Advisor
Huy Nguyen. "The trend shift shows a
broader recognition that practical skills, real-world work
experiences, and the ability to self-learn can be more important
measures of potential success than four years of formal college
education in many job functions."
Twenty-nine percent believe the elimination of bachelor's degree
requirements was "very successful," while 47 percent consider it
"successful." Seventeen percent perceive it as "somewhat
successful," while 2 percent deem it "not successful" at all.
Companies report that this change has expanded access to talent,
increased applications, and created a more diverse workforce.
Looking ahead to 2025, 25 percent of respondents say their company
plans to eliminate or further eliminate bachelor's degree
requirements for certain roles, while 56 percent do not have such
plans.
This online poll was commissioned by Intelligent.com and
conducted via Pollfish in June 2024.
A total of 750 U.S. business leaders participated in the survey.
Demographic criteria were applied to ensure qualified respondents,
including age 25 and older, household income greater than
$50,000, organizational role such as
C-level executive, human resources manager, director, president,
owner/partner, and senior management, company size of more than 10
employees, and education level of technical college, college, or
postgraduate. To view the complete report, please visit:
https://www.intelligent.com/1-in-3-companies-eliminated-bachelors-degree-requirements-so-far-this-year/.
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SOURCE Intelligent.com