Whether you are already employed or are searching for a job, value of education or a degree is an essential factor here. You can find employment if you have a college degree. However, there are several ways to find a job without a degree, including volunteering for a position or looking for a job that doesn’t require a degree.
Impact Of Education On The Unemployed
Among the most critical factors determining the employment status of individuals is their education verification. Several studies have shown that value of higher education correlates with higher earnings. These studies also show that individuals who have completed higher education are more likely to re-enter the workforce after unemployment.
Higher education is vital for individuals in neighborhoods with high unemployment rates. A report by the OECD indicated that the risk of unemployment is four times higher for people with lower than high school education. Moreover, studies have shown that individuals with more than 16 years of schooling have the lowest unemployment rate.
Another study by Riddell and Song (1998) examined the re-employability of education among unemployed workers in the USA. The researchers found that higher education increases re-employment rates by an average of 1.5 percentage points. Moreover, individuals with higher education are more likely to be re-employed full-time. Among workers who were recently unemployed, those with professional degrees had the lowest unemployment rate of 1.5 percent.
The investigation of the causal link between value of education and changes in labor force states is the primary goal of this study. The study uses a random sample of thirty individuals and assesses their current employment status and income levels. The results indicate that education positively and negatively affects unemployment and re-employment rates.
Volunteering For a Job
Volunteering can be a helpful way to go about it if you want to change careers or pick up new skills. It can also help you improve your skills and build your resume at the same time.
Volunteers’ many benefits include learning new skills, making new friends, and gaining a unique perspective on the world. Getting paid for your skills can also help you advance your career.
Volunteering also allows you to practice your problem-solving skills. Working with various people can help you develop patience and empathy and help you reduce stress.
Volunteering for a job can also give you a boost in your self-confidence. Being a part of a mission-driven organization can give you a sense of purpose. Getting involved in a cause can also help you gain soft critical skills, such as leadership, public speaking, and interpersonal communication.
As a result, you can take on more critical roles in your future career. Employers want to hire people who are committed to the organization.
As you volunteer, you’ll develop new skills and learn about the organization you’re helping. You can also get a feel for the culture of a workplace.
Positions are Harder to Fill As a Result of Degree Requirements
Increasingly, employers are turning to skills-based hiring practices rather than traditional hiring procedures. This includes removing arbitrary degree requirements from middle-skill positions. Likewise, many companies are de-emphasizing degrees in the face of a tight labor market. Moreover, many of the same hiring policies are being adopted by both large and small companies.
There are some notable exceptions. For example, the Harvard as mentioned above Business School study found that employers emphasize experience over education. For instance, employers are willing to forgo the degree requirements for a high-skill position, such as a registered nurse, for a short period. This, of course, is only true if the candidate possesses the relevant skills and experience. It is crucial to remember that some industries share these policies, though.
Many companies have rolled out a degree-free training program to help them find degreeless candidates. Some companies, such as Amazon, have gone as far as to remove degree requirements entirely from middle-skill positions. This is smart as the cost of hiring degree-free workers is likely to be far lower than hiring an employee with the same skills and experience but lacking the degree.
However, the degree-free program also presents a problem for companies seeking to attract the best and brightest. As a result, companies are forced to re-evaluate their hiring methods to ensure they put their best foot forward. In the end, removing barriers to well-paying jobs is a great way to increase equity in the labor market.