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More U.S. companies no longer requiring job seekers to have a college degree

www.cbsnews.com More U.S. companies no longer requiring job seekers to have a college degree

On career sites like ZipRecruiter, less than 15% of jobs list a bachelor's degree as a requirement for employment.

More U.S. companies no longer requiring job seekers to have a college degree

Employers across a range of industries are dropping a job requirement once considered a ticket to a higher paying job and financial security: a college degree.

Today's tight labor market has led more companies instead to take a more skills-based approach to hiring, as evidenced on job search sites like Indeed and ZipRecruiter.

"Part of it is employers realizing they may be able to do a better job finding the right talent by looking for the skills or competencies someone needs to do the job and not letting a degree get in the way of that," Parisa Fatehi-Weeks, senior director of environmental, social and governance (ESG) for hiring platform Indeed told CBS MoneyWatch.

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