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News » U.S. companies easing degree rules to widen talent pool

U.S. companies easing degree rules to widen talent pool

Photo from Intelligent.com

WASHINGTON, UNITED STATES — A recent survey of 800 U.S. employers by online education platform Intelligent.com found that approximately 45% plan to eliminate bachelor’s degree requirements for certain positions in 2024. 

This follows a similar trend from 2023, where 55% of companies eased degree requirements for entry-level roles.

The shift away from degree requirements aims to increase workforce diversity, according to Intelligent.com advisor Diane Gayeski. 

“Due to the expense of attending college, earning a bachelor’s degree is generally more difficult for people from traditionally marginalized groups and those from lower socio-economic backgrounds,” said Gayeski.

“Eliminating a bachelor’s degree can open jobs up to individuals who weren’t able to attend college.”

The survey also highlighted growing demand for practical experience and artificial intelligence (AI) skills. 80% of employers valued experience over formal education, while 60% wanted applicants to have AI capabilities. 

“Many AI programs are available free online and all it takes is a bit of time and patience to leverage these to use for coursework, internships, or even just for fun,” Gayeski added.

By moving towards skills-based hiring and away from degree requirements, companies hope to improve equity and tap into a wider talent pool. Experts earlier mentioned that skills-based hiring may replace traditional resumes

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