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Is it time to ease your hiring requirements and modernize benefits?

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in Centerpiece,Compensation and Benefits,Employee Benefits Program,Hiring,Human Resources

When unemployment peaked after the 2008 recession, companies could afford to inflate job requirements to find the perfect fit. But today’s super-tight labor market has more employers lowering the bar to broaden their candidate pool and speed up hiring. Adjusting benefits and perks is also becoming a top priority to attract new talent.

One “down skilling” trend: removal of college degree requirements.

Google, Apple and IBM are among the companies that no longer require applicants to hold college degrees, according to a list compiled by job-search site Glassdoor. Terminix, which added a college prerequisite for its branch managers in 2009, decided earlier this year to reverse course and make degrees “preferred” but not mandatory.

Today, 30% of job postings call for a college degree, down from 34% six years ago, according to Burning Glass Technologies’ analysis of 15 million online ads:

2012: 34%

2017: 32%

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