Entrepreneurs, With 10.1 Million Job Openings, Here Is A New Source For Hiring Your Startup Employees

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Entrepreneurs, With 10.1 Million Job Openings, Here Is A New Source For Hiring Your Startup Employees
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With lots of competition for jobs in the U.S. consider hiring people without a college degree who do have skills and certifications.

... [+]The U.S. economy is in a very interesting place right now. Amidst all the issues of inflation, interest rates and politics, the U.S. economic engine just keeps right on going. And that’s potentially a problem for startups in finding good talent. Sure, there has been some ‘right-sizing layoffs’ at major firms but that’s more due to over hiring in the past three years versus the economy. Even with right sizing, the competition for jobs is high. According to thefor April, 2023, there are 10.

The number of actual college attendees and graduates has been falling steadily now for several years. In the fall of 2022, about 17.9 million students were enrolled in degree-granting colleges and universities in the U.S. This is down from 21 million in 2010. Meanwhile the cost of a college education has risen for four years ranging from $105,000 for public in state universities to $220,000 for private universities.

Companies, especially those in technology, have been trying upskilling, reskilling, and quicker background checks to get enough of the talent they need amid labor challenges. Now they’re trying something else: requiring no college degree. And this list of companies is not only impressive, it is continuing to grow. Companies that are now hiring without a degree include IBM, Accenture, Okta, Dell, Bank of America, Google, Tesla, Delta Airlines, Apple, Costco, Whole Foods, Hilton and Starbucks.

So, with no college degree, what do you look for in potential employees for your startup? Well, let’s start with the five insights listed below.It’s really hard to acquire good communication skills, unless, you well, communicate often. Previous jobs in hospitality and service, tourism and retail as well as other customer facing jobs, teach real world skills in how to communicate, negotiate and handle customers.

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