Employers Now Hire College Graduates for Jobs done by High School Graduates
Employers are not only looking for educated labor to fill high skill positions, but to fill traditionally lower skill jobs as well.
Thirty-two percent of hiring managers and human resource professionals said they are hiring more employees with college degrees for positions that were historically held by high school graduates, according to a CareerBuilder.com study of more than 2,600 employers nationwide conducted by Harris Interactive©, from November 1 to November 30, 2012.
“Employers are filling more entry level functions with educated labor,” said Brent Rasmussen, President of CareerBuilder North America.
“While some of this may be attributed to a competitive job market that lends itself to college grads taking lower skill jobs, it also speaks to companies raising performance expectations for roles within their firms to enhance overall productivity, product quality and sales, ” he added.
While this trend is most prevalent among Financial Services organizations, it spans across various industries:
Financial Services – 53 percent
Healthcare – 40 percent
Manufacturing – 38 percent
Transportation & Utilities – 37 percent
Information Technology – 33 percent
Retail – 28 percent
Hospitality – 20 percent
Of employers who have hired more workers with college degrees for jobs that were historically held by high school graduates, most reported positive impacts on their business in the forms of:
Higher quality of work – 64 percent
Productivity – 45 percent
Revenue – 22 percent
Customer Loyalty – 18 percent