LinkedIn released findings that show a decrease in job postings that have degrees as requirements. The research reveals the top industries where skills-first hiring is growing, and where the hiring landscape has some work to do.
Some of the key findings include the following.
- Job posts omitting degree requirements are on the rise. Job posts without degree requirements have increased from 21% in 2019 to 29% in 2022
- The top job roles that don’t list degrees as a requirement, include accounting (+453%), administrative (+92%), and engineering (+68%).
- The top industries where degree requirements are being dropped include financial services (+354%), accommodation and food services (+282%), and technology, information, and media (+240%).
- A mismatch remains skill-first job posts versus skill-first hiring. For example, the technology, information, and media industry has only seen skill-based hires grow 3% faster, which is well short of the 240% growth rate in job postings.