Skills-Based Hiring Gains Traction, But Degree Requirements Persist

Despite a notable shift towards skills-based hiring, many job seekers find that a college degree still holds significant weight in the job market.

A new report from Indeed reveals a decrease in job postings requiring a bachelor's degree, with 52% of listings not specifying any educational requirements.
Employers are increasingly adopting skills-based hiring practices, focusing on candidates' abilities rather than their educational background.
Despite these changes, a study by Harvard Business School and the Burning Glass Institute indicates that the actual impact of skills-based hiring on employment practices remains modest.
Skills such as adaptability are becoming increasingly valued, with generative AI and demographic changes influencing the job market's future.
Job seekers without a college degree may still face challenges in landing positions, as educational credentials often implicitly influence hiring decisions.