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It’s no secret that today’s job market is competitive. But what’s the cause of a tighter market than ever?
One of the biggest culprits is organizations’ refusal to adapt to the realities of the new world of work: Degrees can’t guarantee a candidate has the experience your company needs to get ahead and stay ahead.
Technology and market demands are simply evolving too quickly for degrees to keep up, especially when universities continue teaching obsolete theories that no longer match the skills companies need their people to apply to rapidly advancing technologies, tools, and processes.
Companies’ dependence on degree-based hiring in a world where degrees can’t match their practical needs is at the heart of today’s massive talent shortage, and it’s putting business growth and innovation at risk.
Breaking out of this traditional approach to recruitment and embracing what IBM CEO, Ginni Rometty, coined “new collar jobs” is key to winning the best talent and staying at the cutting edge of growth and innovation.
What are new collar jobs?
New collar jobs don’t necessarily require a degree. Instead, they prioritize skills and experience over formal education, including on-the-job and vocational training.
As demand for this kind of talent grows along