Today`s employers are not considering college degrees, but job skills. Twenty million students started college this year are less certain whether their degrees will pay off.
According to a survey by Freelancing in America 2018, released Wednesday, freelancers put more value on skills training: 93 percent of freelancers with a four-year college degree say skills training was useful versus only 79 percent who say their college education was useful to the work they do now. In addition, 70 percent of full-time freelancers participated in skills training in the past six months compared to only 49 percent of full-time non-freelancers, CNBC reported.
According to the CNBC, rapid technological change, combined with rising education costs, have made our traditional higher-education system an increasingly anachronistic and risky path. The cost of a college education is so high now that we have reached a tipping point at which the debt incurred often isn’t outweighed by future earnings potential.
Even though, degrees are still thought of as lifelong stamps of professional competency, the future of work won’t be about degrees. More and more, it’ll be about skills. And no one school, whether it be Harvard, General Assembly or Udacity, can ever insulate us from the unpredictability of technological progression and disruption.
What matters to employers now is not whether someone has a computer science degree but how well they can think and how well they can code.
Last year PwC began a pilot program allowing high school graduates to begin working as accountants and risk-management consultants. And this August, jobs website Glassdoor listed “15 more companies that no longer require a degree,” including tech giants such as Apple, IBM and Google. “Increasingly,” Glassdoor reported, “there are many companies offering well-paying jobs to those with nontraditional education or a high-school diploma.”
Google, for example, used to ask applicants for their college GPAs and transcripts; however, as Laszlo Bock — its head of hiring — has explained, those metrics aren’t valuable predictors of an employee’s performance. As a result, Bock told The New York Times a few years ago that the portion of non-college-educated employees at Google has grown over time.
Source: CNBC/ Stephane Kasriel, CEO of Upwork