Monday, June 13, 2016

This Is How Employees Without College Degrees Can Improve the Workforce - ALL BUSINESS

by Aaron Michel 
Originally published: June 11, 2016
Publisher: AllBusiness.com 

Employers are having some workforce issues. For starters, satisfied employees are looking for new jobs: a 2015 LinkedIn report found that 48 percent of active job seekers are actually satisfied with their current position, as are 76 percent of passive job seekers. Yet, they’re still searching.

On top of that, ManpowerGroup’s 2015 Talent Shortage Survey found 38 percent of employers worldwide are having difficulty finding enough workers with the right skills to fill open positions.

Fortunately, the solution to these issues is right in front of our faces: people who didn’t complete four-year degrees.

That’s not to say there’s no longer value in a college education–there absolutely is. College has repeatedly been shown to lead to better job opportunities and higher pay. Plus, from an employer’s perspective, a college degree serves as a stamp of approval and as an indicator of some level of training and competence.

But it’s time for employers to realize that job seekers without four-year degrees also have something worthwhile to offer, especially as tuition costs continue to rise and more and more young adults head into the workforce straight out of high school or after two years of community college. In fact, 2015 research from EPI found that 66 percent of adults between the ages of 24-29 do not have a bachelor’s or advanced degree; of adults between the ages of 17-24, 27.9 percent didn’t pursue their education past high school.