About 18 months ago, pharmaceutical maker Bristol Myers Squibb decided to bolster its commitment to developing cell therapies. However, there was an issue: Few individuals have experience working with this relatively new method, which draws certain cells from an individual, re-engineers them to fight diseases such as cancer, and then infuses them back into the patient.
That’s why BMS started using skills-based hiring to bring people on board to work on the expanded effort. This method for finding talent focuses on individuals’ abilities and competencies rather than their education and direct experience. It’s a more expansive approach that considers individuals who don’t fit the traditional template for a role yet have skills and other experience that can be applied to the job. It often eliminates four-year degree requirements to open up the potential pool of candidates to those who acquired their knowledge through less traditional paths.
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Skills-Based Hiring Is Gaining Ground
SHRM | Mar 2024
Every day, businesses miss out on talented people because their gifts, aptitude and skills aren't as easy to identify as a degree on a resume. HR leaders must step up to make all learning paths count in assessing whether a person can thrive in a job.
To widen pathways to work, employers need the tools and training to assess a prospective worker's full set of competencies, gifts and skills, including and beyond those conferred by traditional education degrees.
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More on Rethinking Degree Requirements
To get the talent it needs, Dell Technologies last year expanded its definition of university recruitment and developed a program focused on hiring from community colleges. Jennifer Newbill, director of emerging talent at Dell, says the company's goal is to redefine what it considers to be recent graduate talent to include associate degrees, apprenticeships, and certificate programs.
No college degree? No problem.
CNBC | Apr 2022
Not only does so-called "degree inflation" keep competent workers out of good jobs that they could do well, making life more precarious for those without a degree, but it's also a huge waste of money for companies. Competing for a limited pool of college-educated workers (only about 35 percent of Americans have a four-year degree) forces businesses to overpay for talent.
Employers Are Finally Rethinking Requiring Unnecessary College Degrees. Thank the Pandemic
Inc. (limited free articles without a subscription) | Feb 2022
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