LinkedIn says the next new trend in the labor market will be proven skills and not just college degrees

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Companies are shifting towards a skills-based approach to hiring, expanding their pool of potential candidates by nearly 10 times, says a Linkedin report. A labor shortage and early retirements are contributing factors.

a ‘skills-first’ approach to hiring also increased an employer’s number of potential candidates by nearly 10 times.

Director of global employment policy and special initiatives Stephanie Ferguson said that even if every unemployed person in the country found a job, we would still have more than four million open jobs.The US Chamber of Commerce reports that early retirement and better savings during the Covid-19 pandemic is holding people from coming back to the workforce.

 

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