Don’t let reality shows like The Real Housewives or The Escape Club fool you into thinking our collective education level as a society has taken a nosedive over the past few years. In fact, we’re hearing from employers that there’s been a notable shift lately toward a more educated workforce.
This post is based on information from the book “The Talent Equation” co-written by CareerBuilder’s CEO Matt Ferguson. Find more interesting stats here.
In 2013 CareerBuilder surveyed more than 2,700 hiring managers and HR managers across the U.S. to find out their views on education level and hiring. What we found was a strong preference for college-educated workers. In fact, the number of employers who require at least some college education is far above the U.S. Bureau of Labor Statistics’ educational requirement estimates.
In fact, nearly a third (32 percent) of employers are hiring college-educated individuals to work in jobs that were previously filled with those who had high-school degrees. TWEET THIS
Take a look at the minimum education requirements for jobs, and notice how nearly 1 in 5 (18 percent) employers have increased their educational requirements over the past five years. TWEET THIS
One question you may be asking is WHY. Why are employers increasing their educational requirements for applicants? Is it because they simply have more to choose from and raising the bar makes screening easier? Or have they actually found a higher level of education to be beneficial to the bottom line?
Take a look at what we found.
This means employers are in fact finding that in some ways, the more educated the workforce the better business results they’re seeing in some areas.
Tell us in the comments below or tweet us @CBforEmployers: Have you increased your educational requirements when screening applicants? If so, are you noticing a difference?
Today’s data-driven hiring climate is difficult to navigate. We get it. “The Talent Equation” can help you make sense of it and propel your business forward. You can download a sample chapter here.