XPost: soc.retirement, talk.politics.guns, alt.machines.cnc   
   XPost: alt.fan.rush-limbaugh, talk.politics.guns, sac.politics   
   From: democrat-criminals@mail.house.gov   
      
   https://finance.yahoo.com/news/holy-grail-labor-market-linkedin-   
   180000671.html   
      
   More and more companies are shedding the traditional degree requirements   
   on job postings — and are focusing on what skills employees can bring to   
   the table instead.   
      
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   In fact, LinkedIn reports that a “skills-first” approach to hiring also   
   increased an employer’s number of potential candidates by nearly 10 times.   
      
   “Skills-based hiring is the great white whale, the holy grail of the labor   
   market,” Joseph Fuller, management professor at Harvard Business School,   
   told Bloomberg.   
      
   Here’s what has triggered this shift in hiring priorities, and how   
   employees can capitalize on the new future of work.   
      
   The ongoing labor shortage   
   The U.S. economy exceeded predictions and added 339,000 jobs in May — but   
   there aren’t enough available workers to fill them.   
      
   The latest data indicates there are 9.9 million job openings across the   
   country, but only 5.8 million unemployed workers, according to the U.S.   
   Chamber of Commerce.   
      
   “If every unemployed person in the country found a job, we would still   
   have more than 4 million open jobs,” writes Stephanie Ferguson, director   
   of global employment policy and special initiatives.   
      
   Some experts point to a rapidly aging workforce. On top of this   
   phenomenon, plenty of those who lost their jobs during the COVID-19   
   pandemic never came back. The labor force participation rate currently   
   stands at 62.6%, down from 63.4% in February 2020.   
      
   The U.S. Chamber of Commerce also found that early retirements and   
   increased savings during the COVID-19 pandemic, as well as child care   
   needs, are holding many workers back from re-entering the job market.   
      
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   A focus on skills   
   It makes sense that employers, desperate to fill job roles in a hot labor   
   market, might ease back on college degree requirements to expand their   
   talent pools.   
      
   According to the LinkedIn report, over 45% of hirers searched for   
   candidates using skills data on the networking platform in the last year —   
   a 12% jump from last year.   
      
   But the job-networking giant speculates this is more than just a response   
   to the state of the economy, and predicts this is a trend we will continue   
   to see in years ahead.   
      
   There are many workers out there who may not have a college education —   
   perhaps because they weren’t able to afford the student debt, or because   
   they lost faith in the merits of post-secondary credentials — but do have   
   the work experience and practical skills to back them up.   
      
   How to take advantage   
   LinkedIn recommends workers build on their existing skills and work on   
   adding more to their job profiles.   
      
   Many people are already doing this. In the past year, LinkedIn members   
   added 380 million skills (up over 40% since 2021) and certifications (up   
   16% since 2021) to their profiles.   
      
   It even features a list of in-demand skills that have been mentioned in   
   over three-quarters of global job postings since 2015.   
      
   This includes both hard skills — such as digital marketing and business   
   development — and soft skills, like leadership, storytelling and problem   
   solving.   
      
   And you should consider investing in and listing any relevant certificate   
   programs or any other skills-based training that’s available to you.   
   Adding a couple of professional certifications to your resume can help   
   prove your capabilities to a recruiter, even if you don’t have that fancy   
   piece of paper.   
      
   On that note, make sure you’re keeping both your LinkedIn profile and   
   resume fresh and updated. This can help you appear in more searches and   
   stand out as a potential candidate during the screening process.   
      
      
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