In a previous post, we discussed the phenomenon of degree inflation and how it often keeps qualified applicants and employers needing their services from a mutually beneficial relationship. In this post, we’ll delve deeper into the background and history of degree inflation.
Defining Degree Inflation
Degree inflation, at its core, is the escalating demand for formal educational qualifications for jobs that traditionally did not require them. Over the years, positions such as teachers, production supervisors, and administrative assistants, which once welcomed candidates with high school diplomas or associate degrees, now often mandate bachelor’s degrees as a minimum requirement.
But what has driven this shift?
The “Paper Ceiling” Phenomenon
A recent Vox article highlights the “paper ceiling” that many workers face where, despite having the necessary skills and experience for a position, they are nevertheless barred from certain job opportunities simply because they lack a degree. This not only limits their career progression but also hampers employers from accessing a wider talent pool.
One of the driving forces behind degree inflation is the increasing emphasis on soft skills. Employers often equate a college degree with a certain set of soft skills such as critical thinking, communication, and problem-solving. However, it’s essential to note that these skills can be acquired outside of formal education settings and many non-degree holders possess them in abundance.
Impact and Consequences of Degree Inflation
Understanding the roots and drivers of degree inflation is critical. It’s a practice that affects workers who have the necessary skills but lack the formal degree. Employers also miss out on a broader talent pool due to too-stringent requirements. And, of course, the economy at large is also impacted.
Degree inflation can lead to underemployment, where individuals are working in roles below their skill level, and can also contribute to student debt issues, as individuals feel pressured to pursue degrees for better job prospects.
In our next installment, we’ll explore proactive measures being taken by major employers and governments to counteract degree inflation. Recognizing the value of skills over mere qualifications, these entities are leading the charge in redefining hiring practices, ensuring a more inclusive and efficient labor market.
Lin Grensing-Pophal is a Contributing Editor at HR Daily Advisor.
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