In my previous blog I was discussing the different ways you can avoid underemployment after college. I’d like to discuss how the recruitment of prospective employees is changing and how companies are changing their hiring policies.
The world is undergoing a paradigm shift due to the world we live in changing so fast due to the internet. It’s changing how we socialize with each other, it’s changing how we work and how we look for work. Human Resource Management is changing with the times.
What is Human Resources?
HR or human resources is a department or organization that is responsible for managing employees. Functions include handling employee relations, payroll, benefits and training.
HR departments are trying to find the quickest and most efficient way of recruiting the best job candidates. This involves the use of academic credentials like a Bachelor’s Degree or higher that verifies a job candidate’s skills. However, it is getting harder for a candidate that does not have a specialized degree, not enough work experience or non degree workers that have skills the job calls for.
There are a lot of talented people out there that are highly skilled but lack credentials. Either they do not have the right college degree for the job or they have the right degree but the wrong skills.
The internet is changing how job candidates can verify their job skills. As of right now college credentials are still looming large in hiring.
However there is a trend toward:
Skills-based hiring: The practice of employers setting specific skill or competency requirements or targets. There are a lot of talented perspective employees that either don’t have a degree or have the wrong degree that can demonstrate their ability to be successful at a job.
Online micro credentials: Micro-credentials offer students and working professionals a way to build up their resumes with field-specific skills. For example there is a company called Digital Promise that offers over 300 credentials on a variety of competencies that are being asked for by different organizations.
Pre-hire assessments: These are tests or questionnaires that are completed by job candidates as part of the job application promises. It’s an effective way to determine who is the most qualified for a specific job based on their strengths and preferences.
Coding boot camps: Intensive programs for software development. They can last only 14 weeks with an average tuition of $12,000 and a graduate can earn $70,000 a year on average.
Online Universities: Online degrees are academic degrees that can be earned online through an internet-connected computer. These institutions such as UMass Online, Penn. State World Campus or Arizona State University Online offer online degree programs that allow the flexible schedule to pursue higher education while still working.
Vocational training: Job training for specific skills in not just fields like IT, but also HVAC, Refrigeration, Healthcare, Electrical, Plumbing, etc…This is usually hands on training but some course material can be learned online.
Social media profile: A great way for a job candidate to demonstrate their skills, ambition and competency to a prospective employer is to build up your Linkedin profile. In a way a social media profile is the new resume.
- What is Linkedin? Linkedin is a professional social networking site that is used to look for job opportunities and to network. Any information regarding your independent projects, any freelancing you have done or past employment can be used to build your resume. More than 80% of recruiters use Linkedin to search for job candidates.
List of some of the companies leading in this trend!?
These companies are still encouraging potential job candidates to still pursue higher education, but it won’t be a barrier toward working at certain jobs within these companies.
Bank of America
Ernst & Young
IBM says that it is now looking for candidates that have experience from non-traditional educational paths such as coding boot camps or vocational training that is industry related.
Even if you have a Bachelor’s Degree or higher it can still help you in the long run if work for a company like Ernst & Young.
These companies plus many others are exploring non traditional educational paths due to a massive skills gap that’s occurring right now. There are many jobs out there right now that are not being filled mostly due to a mismatch between job skills and academic credentials. The skills gap can also be contributed to the growing economy also.
How did you acquire your new skills?
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