In a recent survey conducted by Go1 and shared with Fortune, it was revealed that many employees are questioning the value of a bachelor’s degree in today’s job market. The survey, which included input from more than 3000 employees from the US, UK, and Australia, found that nearly half of the respondents felt that universities did not adequately prepare them for their current jobs.
What the Research Shows
Only a quarter of respondents believed that higher education was the best preparation for their roles. Instead, 61% said that actual work experience, along with on-the-job training and life experiences, were most beneficial in preparing them for their careers.
Moreover, while three-quarters of respondents acknowledged that their employers offered learning and development programs tailored to their needs, there was a notable frustration with the execution of these programs.
There are some practical takeaways employers should keep in mind when considering the Go1 survey results.
Bridging the Education-Experience Gap
The survey’s findings underscore a crucial point for employers and HR professionals: don’t expect recent graduates to be fully prepared for the workplace right away.
The educational system, while foundational, often leaves gaps that need to be filled by employers. This reality calls for a more proactive approach in onboarding and continuous training.
Employers should focus on developing comprehensive training programs that are not just formalities but are tailored to bridge the specific skill gaps that new employees might have. This approach not only enhances the skill set of the workforce but also demonstrates a commitment to employee growth and development, which can be a significant factor in employee retention and satisfaction.
Rethinking Degree Requirements
Another critical takeaway is the potential need to reevaluate the need for college degrees across all job roles. With the survey highlighting that work experience and on-the-job training often trump formal education in terms of preparedness, employers might consider adjusting their hiring criteria.
This doesn’t mean undervaluing higher education but recognizing that for some roles, skills and experience could be as valuable, if not more so, than a formal degree. Historically, many organizations have simply assumed that degrees were required. Critically analyzing these assumptions can lead to better hires and more effective employees.
In addition, this shift could open up opportunities to a broader pool of talented individuals who may not have had the means or opportunity to pursue higher education but possess the necessary skills and potential for the role.
The evolving landscape of employee education and development presents both challenges and opportunities for employers and HR professionals. By acknowledging these changes and adapting accordingly, organizations can foster a more skilled, satisfied, and diverse workforce.
Lin Grensing-Pophal is a Contributing Editor at HR Daily Advisor.