This means that people who haven’t attended university, have just as much of a chance of getting employed due to the potential skills and experience that they have gained in the time that others have spent studying for a degree.
So, what is more valued – a degree or experience and skill? Are both equally desirable or does one stand out more than the other?
- 1,800 hours spent in college classes for a bachelors degree.
- New graduates face intense competition and take longer to secure a job.
- 8.5% unemployment rate of bachelor degree students.
- 16.8% of graduates are underemployed.
- Unemployment and underemployment rates have doubled since 2007!
- Only 42% of graduates will find a job in less than 6 months.
Lack of skills:
- 75% of employers think schools do not prepare students for the global economy.
- 8 out of 10 adults say skills and knowledge are important to hiring managers.
- More than 80% of employers want candidates to have work experience.
Skills and experience:
- Experience heavy candidates are more favored.
- 66% of employees are hired on experience over academics.
- Important attributes: Internships, experience during college, college major and volunteer experience.
Skills are necessary:
- Critical thinking.
- Problem solving.
- Social skills.
There you have it. What’s your take on this?
Lets have it in the comment box below.