LinkedIn Bets on Skills Over Degrees as Future Labor Market Currency – Yahoo Finance

(Bloomberg) — As the world of work transforms, LinkedIn is betting that the way employers hire and the way people find jobs will also radically change in the years and decades ahead.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarUkraine’s New Tanks Are Seen in Action as Counteroffensive Gets UnderwayLeaving New York for Miami Can Save Nearly $200,000LinkedIn Inc., the popular job-networking site, sees a future in which employers will be willing to look beyond long-established entry requirements such as college degrees and prior job titles to focus instead on an applicant’s proven skills whether that be data analysis, leadership or storytelling.LinkedIn is anticipating the direction companies themselves have indicated they’ve wanted to move in.While over 80% of employers believe they should hire based on skills rather than degrees, more than half say they are still hiring college grads because it feels less risky. That’s according to a survey conducted last summer by workforce development nonprofits American Student Assistance and Jobs for the Future.“Skills-based hiring is the great white whale, the holy grail of the labor market,” said Joseph
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