The essence of the structural reset is this: In evaluating job applicants, employers are suspending the use of degree completion as a proxy and instead now favor hiring on the basis of demonstrated skills and competencies. Among the jobs most affected were those in IT and managerial occupations, which were hard to fill during that period. Between 20, employers reduced degree requirements for 46% of middle-skill positions and 31% of high-skill positions. That became increasingly apparent during the tight employment market of the late 2010s. If demand for talent far outreaches supply, employers de-emphasize degrees. The second, a cyclical reset, began in 2020, prompted in part by the Covid-19 pandemic. The first, a structural reset, began in 2017, at the outset of the 2017–2019 bull market for workers. ![]() This recent reset has happened in two waves, both of which are ongoing. (The full report on our findings can be accessed via Harvard Business School, on its Managing the Future of Work project home page, and via Emsi Burning Glass, here.) Changing Requirements To a lesser extent, the change is also noticeable at some companies for higher-skill positions. The change is most noticeable for middle-skill positions - defined as those requiring some post-secondary education or training but less than a four-year degree. What we’ve learned is that employers are indeed resetting degree requirements in a wide variety of roles. To find out, we partnered with Emsi Burning Glass, a leading labor-market data company, and analyzed more than 51 million jobs posted between 20. Many large corporations soon announced that they would eliminate degree requirements in much of their hiring.Ī decade has now passed, and it seems time to ask: Have companies followed through? Has the degree-inflation tide turned? If so, what role, if any, has Covid-19 played in making that happen? The trend - sometimes known as “degree inflation” - became particularly pronounced after the Great Recession of 2008-2009, at which point leaders in government, business, and community-based organizations recognized that a reset was in order. Early in the 2000s, a significant number of employers began adding degree requirements to the descriptions of jobs that hadn’t previously required degrees, even though the jobs themselves hadn’t changed.
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