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CNN VALUES YOUR FEEDBACK 1. How relevant is this ad to you? 2. Did you encounter any technical issues? No Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues Ad never loaded Ad prevented/slowed the page from loading Content moved around while ad loaded Ad was repetitive to ads I've seen previously Other issues Cancel Submit Thank You! Your effort and contribution in providing this feedback is much appreciated. Close Ad Feedback Close icon Markets Tech Media Success Perspectives Videos More Markets Tech Media Success Perspectives Videos Audio Live TV Log In My Account * Settings * Log Out Your CNN account Log in to your CNN account Search Log In My Account * Settings * Log Out Your CNN account Log in to your CNN account -------------------------------------------------------------------------------- Live TV Audio -------------------------------------------------------------------------------- Edition US International Arabic Español Edition * US * International * Arabic * Español -------------------------------------------------------------------------------- Markets Tech Media Success Perspectives Videos Follow CNN Business * * * -------------------------------------------------------------------------------- * US * Crime + Justice * Energy + Environment * Extreme Weather * Space + Science * World * Africa * Americas * Asia * Australia * China * Europe * India * Middle East * United Kingdom * Politics * SCOTUS * Congress * Facts First * 2020 Election * Business * Markets * Tech * Media * Success * Perspectives * Video * Opinion * Political Op-Eds * Social Commentary * Health * Life, But Better * Fitness * Food * Sleep * Mindfulness * Relationships * Entertainment * Stars * Screen * Binge * Culture * Media * Tech * Innovate * Gadget * Foreseeable Future * Mission: Ahead * Upstarts * Work Transformed * Innovative Cities * Style * Arts * Design * Fashion * Architecture * Luxury * Beauty * Video * Travel * Destinations * Food & Drink * Stay * Videos * Sports * Pro Football * College Football * Basketball * Baseball * Soccer * Olympics * Hockey * Videos * Live TV * Digital Studios * CNN Films * HLN * TV Schedule * TV Shows A-Z * CNNVR * CNN Underscored * Electronics * Fashion * Beauty * Health & Fitness * Home * Reviews * Deals * Money * Gifts * Travel * Outdoors * Pets * CNN Store * Coupons * More * Photos * Longform * Investigations * CNN Profiles * CNN Leadership * CNN Newsletters * Work for CNN Markets DOW 32,165.67 1.03% S&P 500 3,822.17 0.22% NASDAQ 10,832.90 1.26% Fear & Greed Index 58 greed is driving the US market Latest Market News Ford's beloved little Fiesta is going away, at least for now As prices soar, consumers turn to McDonald's New York Post says 'vile and reprehensible' tweets result of rogue employee Something isn't loading properly. Please check back later. OPINION: IT’S TIME FOR EMPLOYERS TO STOP CARING SO MUCH ABOUT COLLEGE DEGREES Opinion by Ryan Roslansky and Byron Auguste for CNN Business Perspectives Published 11:17 AM EDT, Thu October 13, 2022 Link Copied! Ad Feedback Video Ad Feedback Companies want workers back in office. Workers aren't so sure 03:42 - Source: CNN Economy 16 videos Video Ad Feedback Here are 3 reasons why the US dollar is so strong 02:31 Now playing - Source: CNN Business Video Ad Feedback How businesses in need of labor reacted to DeSantis sending away potential workers 04:50 Now playing - Source: CNNBusiness Video Ad Feedback Recession jitters and the trickling impact on Americans 02:19 Now playing - Source: CNNBusiness Video Ad Feedback 'I need to cut back on things': Family reacts to surging food prices 01:01 Now playing - Source: CNN Business Video Ad Feedback Companies want workers back in office. Workers aren't so sure 03:42 Now playing - Source: CNN Video Ad Feedback Senior citizen on inflation: Everything is going up except our income 03:23 Now playing - Source: CNN Video Ad Feedback Hear when Larry Summers thinks the US will enter a recession 03:17 Now playing - Source: CNN Video Ad Feedback People in small town were left reeling after factory closure. Hear how they plan to vote 03:01 Now playing - Source: CNN Video Ad Feedback Here's what a strong US dollar means for you 01:50 Now playing - Source: CNN Business Video Ad Feedback Crushing three year drought leads to shortage of this grocery staple 02:29 Now playing - Source: CNN Video Ad Feedback Watch two sisters get the 'surprise of a lifetime' at this drive-thru food pantry 03:11 Now playing - Source: CNN Video Ad Feedback Consumer prices surge and mortgage rates hit 20-year high 02:40 Now playing - Source: CNN Video Ad Feedback Jobs economist: Worker shortage may keep inflation high 01:14 Now playing - Source: CNN Business Video Ad Feedback 'Made in America' is making a comeback 03:28 Now playing - Source: CNN Video Ad Feedback Hear what Larry Summers thinks about a possible recession 01:15 Now playing - Source: CNN Video Ad Feedback What the OPEC+ production cut means for US gas prices 03:56 Now playing - Source: CNN Video Ad Feedback Here are 3 reasons why the US dollar is so strong 02:31 Now playing - Source: CNN Business Video Ad Feedback How businesses in need of labor reacted to DeSantis sending away potential workers 04:50 Now playing - Source: CNNBusiness Video Ad Feedback Recession jitters and the trickling impact on Americans 02:19 Now playing - Source: CNNBusiness Video Ad Feedback 'I need to cut back on things': Family reacts to surging food prices 01:01 Now playing - Source: CNN Business Video Ad Feedback Companies want workers back in office. Workers aren't so sure 03:42 Now playing - Source: CNN Video Ad Feedback Senior citizen on inflation: Everything is going up except our income 03:23 Now playing - Source: CNN Video Ad Feedback Hear when Larry Summers thinks the US will enter a recession 03:17 Now playing - Source: CNN Video Ad Feedback People in small town were left reeling after factory closure. Hear how they plan to vote 03:01 Now playing - Source: CNN See More Videos Editor’s Note: Ryan Roslansky is CEO of LinkedIn. Byron Auguste is CEO of Opportunity@Work. The opinions expressed in this commentary are their own. The urgent business case for finding new ways of hiring has never been clearer. The demand for workers in the US is outpacing the supply, and finding the best talent is going to be increasingly difficult as the world navigates a period of heightened economic uncertainty. Despite the need for revamping our existing talent strategies to keep pace, employers have been slow to move on what we see as the most sustainable way to hire and grow more effective, engaged workforces: hiring for skills, instead of just relying on pedigree. The old set of indicators – the right degree from the right school, the right network to endorse you and the right past employers on your resume – are weak predictors of what actually matters: a candidate’s ability to do the job. Ad Feedback It’s true that colleges and universities remain an important source of talent, but when a college degree becomes a box-checking, bureaucratic exercise, it unnecessarily places a barrier between skilled workers seeking better jobs and employers in need of their talents. Further, while providing references and getting a gauge for “who you know” is a fairly standard practice, it can inadvertently put some candidates at a disadvantage. LinkedIn research shows, for instance, that workers who go to top universities tend to have stronger networks, giving them yet another leg up in the job search. We’ve started to see signs of a shift on LinkedIn, with job postings that don’t have degree requirements up from 15% in January 2020 to 20% so far this year. And HR teams are increasingly looking beyond who you know or what school you attended to find great talent, with 40% of hirers on LinkedIn explicitly using skills data to fill their roles. Employers are more open to new ways of finding and evaluating job candidates, and those that move swiftly in this direction will build more resilient teams. Ad Feedback BROADER TALENT POOL When employers use degrees as a proxy for skills, they miss out on half of the workforce, as Opportunity@Work’s research has shown. These are the 70 million workers who are skilled through alternative routes, such as community college, military service, workforce training programs, skills bootcamps and learning on the job – rather than through a bachelor’s degree. LinkedIn data suggests that certain industries – like professional services, finance and tech – are some of the hardest sectors for workers without bachelor’s degrees to break into. But bringing more candidates into the fold who don’t have these traditional backgrounds can increase the pool of eligible applicants – a huge competitive edge in today’s tight labor market. It can also spur greater diversity, since 61% of Black workers, 55% of Hispanic workers, 66% of rural workers and 61% of veteran workers have in-demand skills but not bachelor’s degrees. STRONGER WORKFORCE A degree is an achievement, but with careers stretching to half a century, a one-time intensive period of study is not enough. The reality is that with the current pace of technological change, everyone needs to continuously expand their skills, especially as industries keep changing. The same jobs today will require new skills five years from now, and organizations that understand this are thinking more critically about how to set up new hires from day one for continuous on-the-job learning. Refugees arrive at Dulles International Airport after being evacuated from Kabul following the Taliban takeover of Afghanistan August 27, 2021 in Dulles, Virginia. Chip Somodevilla/Getty Images Opinion: US companies are committing to hiring refugees. More should follow suit Hiring those who have already developed some of these skills through other experiences – like lower-wage gateway jobs such as customer service representatives and computer support specialists – can jump start the training process and help companies future-proof their workforce. Placing higher value on other proven tools – like professional certifications, which are on the rise in popularity, and evaluating candidates via behavioral questions that allow them to showcase their skills during the interview process – are other ways employers can gauge someone’s ability to do the job. In this age of uncertainty, when companies prioritize skills (not degrees or “who you know”), they can build a more agile workforce that has gained experiences via many different routes, which can help to avoid “group-think” and lead to more dynamic teams. Those that play by the rules of an old playbook from an old era will fall behind. The labor market has long been one of the most opaque markets in the world, burdened by the inefficient and unequal ways we match talent and opportunity. Recognizing the diverse ways skills are acquired and adopting a skills-first approach to talent will bring greater transparency, efficiency and equity to the labor market, making it easier for anyone from anywhere to achieve anything. Paid Partner Content MORE FROM CNN BUSINESS Branden Eastwood/AFP/Getty Images Fetterman slams Big Oil for surging profits and failure to invest in new supply Oct 27, 2022 Thomas Peter/Reuters Apple earnings may offer a hint about the iPhone 14's success Oct 27, 2022 Ad Feedback CNN BUSINESS VIDEOS •Video SHAUN CURRY/AFP/AFP via Getty Images From Bond to 'Top Gear': Iconic Ford car comes to an end Oct 27, 2022 •Video WEWS See why this chicken salad has gone viral Oct 27, 2022 •Video From Elon Musk/Twitter See moment Elon Musk entered Twitter's headquarters holding a sink Oct 27, 2022 •Video Adobe Stock Spirit Halloween CEO lists some of the most popular costumes this year Oct 26, 2022 Ad Feedback Search Log In My Account * Settings * Log Out Your CNN account Log in to your CNN account -------------------------------------------------------------------------------- Live TV Audio -------------------------------------------------------------------------------- * US * Crime + Justice * Energy + Environment * Extreme Weather * Space + Science * World * Africa * Americas * Asia * Australia * China * Europe * India * Middle East * United Kingdom * Politics * The Biden Presidency * Facts First * US Elections * Business * Markets * Tech * Media * Success * Perspectives * Videos * Opinion * Political Op-Eds * Social Commentary * Health * Life, But Better * Fitness * Food * Sleep * Mindfulness * Relationships * Entertainment * Stars * Screen * Binge * Culture * Media * Tech * Innovate * Gadget * Foreseeable Future * Mission: Ahead * Upstarts * Work Transformed * Innovative Cities * Style * Arts * Design * Fashion * Architecture * Luxury * Beauty * Video * Travel * Destinations * Food & Drink * Stay * News * Videos * Sports * Pro Football * College Football * Basketball * Baseball * Soccer * Olympics * Hockey * Videos * Live TV * Digital Studios * CNN Films * HLN * TV Schedule * TV Shows A-Z * CNNVR * Audio * CNN Underscored * Electronics * Fashion * Beauty * Health & Fitness * Home * Reviews * Deals * Money * Gifts * Travel * Outdoors * Pets * CNN Store * Coupons * Weather * Climate * Storm Tracker * Wildfire Tracker * Video * More * Photos * Longform * Investigations * CNN Profiles * CNN Leadership * CNN Newsletters * Work for CNN -------------------------------------------------------------------------------- Audio Live TV Follow CNN Business * * * * Log In My Account * Settings * Log Out Your CNN account Log in to your CNN account -------------------------------------------------------------------------------- Most stock quote data provided by BATS. 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