From CNBC: 2024-05-31 13:46:46

Many companies are shifting to skills-based hiring, focusing on applicants’ abilities over traditional metrics. The share of U.S. job postings requiring employment tenure has dropped by 10%, with 52% not listing an education requirement. ZipRecruiter survey shows skills-based hiring momentum, favoring competency over credentials.

The demand for workers hit record highs post-lockdown, prompting employers to drop college degree requirements due to talent scarcity. Workplace equity has also become a focus. More than 70% of Black, Hispanic, and rural workers lack four-year degrees, highlighting the need for skills-based hiring to break the “paper ceiling.”

While traditional qualifications remain essential for some professions, the shift to skills-based hiring opens new career opportunities for job seekers. Businesses and workers both benefit from higher retention rates and increased salaries. However, some firms may not truly adopt skills-based hiring despite removing qualification requirements from job postings.

For job seekers, focusing on skills in resumes is crucial in the age of skills-based hiring. Applicants should still provide accurate work and education history, as some hiring managers may value traditional qualifications. Skills tests during the hiring process are common, so developing and demonstrating relevant skills are key for success.

Read more: How to get a job in the ‘skills-based hiring’ trend