Some companies scrapping need for college degree for new hires because of worker shortages

Jim Hanzo
September 18, 2018 - 11:23 am

Some big companies are beginning to drop college degree requirement for new hires, because of possible worker shortages. Those companies include Google, Nordstrom, Bank of America, Ernst & Young, IBM and Apple.

"When you're having trouble finding workers, first and foremost you've got to make sure that you've got people with the specific skills to do the work today," said Stephen Barnes, Director of Economics and Policies research group at LSU.  

Barnes says the big companies have a diverse work force and a range of different skill sets that they are looking for.  

"Companies deciding that they might back away from that college requirement doesn't mean that they are not interested in hiring grads, it just means that they want to open up some doors to fill specific needs, but I also think that there is still going to be a lot of value down the road for people who have pursued that additional education because that's going to be a primary place you can go to get a lot of those skills," Barnes added.  

Barnes added that those with a college education make considerable more money down the line than those who don't have that degree.  

Comments ()