The Burning Glass Institute’s Post

Across the US, nearly 40% of this year's high school graduates don't plan to enroll in college this fall, with most of them instead opting to enter the workforce in entry-level positions, according to a new analysis by the American Opportunity Index identifying the 50 best large companies for workers with high school degrees to start their careers. These companies are as much as 4.3 times more likely to hire entry-level workers than workers at other large firms. Their employees are 2.5 times more likely to get promoted than their peers at other businesses, and 5 times more likely to get a substantially higher-paying job elsewhere when they leave. Which of the Top 50 Employers for High School Graduates are in your community and how are they connecting with your high school seniors? Check out more in this week's newsletter at projectsenioryear.com https://lnkd.in/eWXkcDpa

🎓✨ Unraveling the College Conundrum: Is Your Degree the True Key to Success? 🚀 How crucial is your college education towards your chosen career path? The recent decline in college enrollments and the easing of college diploma requirements for many state jobs by 14 states is a case in point. Moreover, we have iconic companies like IBM echoing that they no longer lay emphasis on college degrees for hiring. Yet, in my capacity as a headhunter, I have had countless encounters that illustrate the significance of a college degree. Recently, a New York Times review of government labor stats intrigued me. It discovered that those in possession of college degrees have, on average, a shorter commute. This revelation is further boosted by a New York Fed study, unveiling that a college grad out-earns a high school graduate by an astonishing 75% on average. Furthermore, a recent exploration by SHRM in 2022 revealed that an overwhelming 71% of executives hold the belief that lacking a college degree necessitates at least some form of "equivalent credentials." My personal experience reflects that individuals sans a college degree who ascend the ranks in a white-collar professional field remain outliers, rather than becoming the norm. As the torchbearer at KIP Search, I derive immense satisfaction when sealing deals that impact lives significantly and construct a trajectory of growth not just for the individuals, but also the companies they serve. Do let me hear your thoughts. Does your college degree matter in your current role? Again, friends, it's not about merely fulfilling positions; it's about catalyzing life-altering opportunities. It's about forging connections, experiencing triumphs, and relishing the delights of sharing success. Stick around, and together, we shall continue unravelling the rich tapestry of our professional paths. #CollegeVsCareer #DegreeDebate #CareerTrajectory

🌐 Delving into the #SkillsRevolution: Insights from our Chief Learning Officer, Gary Eimerman The evolving workforce landscape demands a critical examination of skills. Leaders anticipate a 2030 shift, with 69% acknowledging the need for new skills. In response, strategic #upskilling and #reskilling initiatives are paramount. Traditional education's ROI is under scrutiny. Graduates take nearly a year to achieve optimal #workplace #effectiveness. The disconnect between academic learning and practical workplace skills begs a question: How can we better prepare for the jobs of tomorrow? A "degree reset" phase is evident. Employers are reconsidering the significance of degrees and focusing on specific skills. This shift demands a nuanced approach to #talentacquisition and #development. Talent cultivation extends beyond conventional routes. #Apprenticeships, military service, and bootcamps offer targeted skill sets without the traditional degree path. Embracing this change requires a departure from traditional hiring and development norms. It's time to be at the forefront of the Skills Revolution—unlocking untapped potential and shaping a workforce prepared for the opportunities ahead. #SkillsRevolution #FutureOfWork #ThoughtLeadership

I wonder how much is graduates determining that they don't want to work in a particular area/discipline, how many are in areas that have low employment, and what about those that require advanced degrees for the role? #careerchange #careersthatchangelives #collegedegree

🎓 Navigating the job market landscape can be daunting, especially with the evolving role of a college degree. While a degree isn't the only path to success, it remains a pivotal stepping stone in today's professional landscape. We've broken down the debate on whether investing in higher education is truly worth it. 💼 Here are two reasons a bachelor's degree matters more than ever: 1️⃣ Increased earning potential: Statistics show that those with a bachelor's degree earn significantly more than high school graduates, with the gap widening over time. 2️⃣ Diverse job opportunities: A degree opens doors to a wider array of career paths, providing a competitive edge in a crowded job market. Ready to uncover the remaining three reasons why investing in higher education could be your ticket to success? Check out our latest blog now! #HigherEd #CareerSuccess #UMassGlobal

🚀 Top-tier grads are more than just titles: Demystifying the Talents of Top Tier Graduates. Breaking common workplace misconceptions. 💼 In the realm of work, the presence of a top-tier grad alongside you isn't just a coincidence — it's a powerhouse of capabilities. Often, when collaborating with these stellar individuals, colleagues overlook the unique skills they bring to the table. The assumption creeps in that what I'm doing, they could easily replicate, or what they're handling, I could seamlessly manage. 🌟 The overlooked prowess lies in their swift comprehension of intricate subjects, a feat that might take a conventional mind more time to grasp. Their journey to this point has been no cakewalk in the park. Think about the rigorous curriculum, the tightly packed schedules, and the weight of complex courses. Despite the pressure cooker environment, they handle stress with finesse, consistently meeting and even exceeding the expectations set by the company. 📚 Beyond the surface allure of salary, role, and experience, consider the unspoken efforts. These individuals didn't just land where they are; they put in the hard yards, excelling in competitive exams, navigating challenging program curricula, and competing fiercely with their peers. 📊 Amidst role changes, some may temporarily lack specific job knowledge, but here's the kicker — they're quick learners on the go. The diverse perspectives they bring to the table stem from a wealth of knowledge gained during their intense programs. 🚀 So, when making comparisons, don't stop at the surface. Look beyond the obvious and acknowledge the unseen efforts; they're walking repositories of knowledge and adaptability. Recognize and appreciate the unseen efforts that make them invaluable assets. #TopTierTalent #CareerInsights 🌟

🎓 As graduation season approaches, countless young adults are on the brink of embarking on their post-graduation journey. Amidst the excitement and anticipation, it's crucial to recognize that many are navigating this pivotal moment without all the necessary information. While finding one's passion is undeniably vital, making informed decisions is equally essential for long-term success. 🔍 Before taking the next step, it's imperative for graduates to delve into comprehensive research about potential career paths. The Bureau of Labor Statistics (BLS) offers invaluable insights into various industries, job prospects, and trends. By consulting resources like the BLS Career Outlook, individuals can gain a clearer understanding of the demands, opportunities, and potential growth trajectories within their desired fields. 💡 Armed with this knowledge, graduates can make more informed decisions, ensuring they align their aspirations with tangible career pathways. Whether it's exploring emerging industries, understanding salary expectations, or identifying skill requirements, leveraging resources like the BLS can significantly enhance their decision-making process. 🚀 As we celebrate the accomplishments of the graduating class, let's also encourage them to explore resources like the BLS Career Outlook- BLS: https://lnkd.in/gFCzYJei #graduation #Career #major #youngadult #workforce #BLS #jobmarket

How important is your college degree to your career? College enrollment has dropped, and 14 states no longer require a college diploma for many state jobs. Big enterprise businesses like IBM have taken a stand to say they no longer prioritize college degrees in hiring. But while we hear a lot of HR buzz about how college degrees are not nearly as important as they used to be, as a recruiters, we see evidence all the time that they do still matter. For one thing, a recent New York Times review of government labor stats found that the average commute for those with college degrees is shorter than those without. For another, a New York Fed analysis found that a typical college grad earns an average of 75% more than someone who has only finished high school. And a study in 2022 by SHRM found that 71% of executives still believe that if someone does not have a college degree, they need to at least have some form of “equivalent credentials.” Our take, as recruiters, is that people without college degrees who manage to climb the ranks of a white-collar professional career are still the anomaly, not the rule.

😲 Thought this was fake news, plot twist - it's not. A study by Intelligent.com reveals that nearly 4 in 10 employers prefer hiring older workers over recent college graduates. Key findings: -38% of employers avoid hiring recent college graduates in favor of older employees. -1 in 5 employers have had a recent college graduate bring a parent to a job interview. -58% say recent college graduates are unprepared for the workforce. This trend highlights the value placed on emotional intelligence and maturity in today's job market. However, recent grads bring fresh perspectives, tech-savviness, and innovation. As leaders in Learning & Organizational Development, we should bridge this gap by fostering mentorship, apprenticeship, and other programs that target an earlier stage of life. What are your thoughts on this? #learninganddevelopment #newgrad #leadershipdevelopment https://lnkd.in/dxEEpABV