CEOs rethink degree requirements
Some companies are pushing to drop degree requirements for many jobs, saying four years of post-secondary education may not actually be needed for a range of entry-level positions. The move — endorsed by top leaders such as Merck's Kenneth Frazier and IBM's Virginia Rometty — could help address inequalities in business and society, notes The Wall Street Journal. IBM has dropped a number of degree requirements for hiring in recent years, saying propensity to learn was more important than pedigree.
Do you think the value of a four-year degree is overstated in the hiring process? Share your thoughts in the comments.
Consultant and Social Entrepreneur
Okay, this sounds good on the surface, but how will this ultimately impact the "career promotional" track? From the perspective of background, employers for decades have engaged in hiring practices, in which potential hires, have been able to become an employee with, say, only a high school diploma. But this has only allowed the employee access to the lowest level of the company, i.e. an entry level position. However, when it came time for the employee to access higher levels in the company, they typically have encountered the "upward mobility ceiling", with the employer indicating the lack of an appropriate degree/credential. Fast forward to today's proposal of dropping degree requirements in hiring, if implemented, how is this going to change/alter the career/position upward mobility issue to increase higher wage work for employees?