If you’re looking for a job and only have a high school diploma, you may be out of luck soon. New surveys show that more employers than ever are looking for employees with college degrees, even for jobs that seemingly may not require them.
A survey of over 2,000 hiring managers shows that 27 percent of employers raised their educational requirements within the last five years. And it’s not just them being picky or demanding: The employers surveyed reported that employees with college degrees simply did a better job than those with only high school diplomas, proving themselves to be a better return on the employer’s investment.
How does that return on investment break down, exactly? About 56 percent of the hiring managers surveyed reported higher quality work from college graduates, while 41 percent reported better communication from those with a college degree over a high school diploma–and 19 percent reported more revenue as a result of hiring employees with college degrees.
But don’t get discouraged if you currently only have a high school diploma. Because companies value higher education more than ever, about a third of hiring managers will accommodate an employee going back to school, and about 81 percent of those employers are actually willing to foot at least part of the bill for current employees to go back to school.