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How Cisco Boosted Hiring Of Workers Without College Degrees

Nov 18, 2024 - forbes.com
The article discusses the increasing focus on skills-based hiring strategies, where college degrees are not a prerequisite, as a means to improve diversity and inclusion in the workforce. It highlights the case of Cisco, which has successfully implemented this approach, filling 30% of its entry-level jobs with non-degree holders in 2023. The company partnered with OneTen, a non-profit that helps organizations hire workers without degrees, and created a centralized budget to de-risk the hiring process for managers. The company also extended its orientation and training period for these new hires and moved away from timing its hiring to the school calendar year.

The article also covers other topics related to the future of work. It mentions a federal judge in Texas blocking a rule from President Joe Biden’s administration that expanded overtime protections for workers. It also discusses Elon Musk's role in the upcoming Trump Administration, concerns of tech workers over H-1B visas, and AI startup Writer's recent funding round. The article ends with a quiz about potential contenders for Trump’s Department of Labor position.

Key takeaways:

  • Skills-based hiring strategies are expected to continue growing under the incoming Trump Administration. These strategies, which eliminate college degrees from certain hiring requirements, can improve diversity by creating opportunities for underrepresented groups.
  • Cisco has reported success with skills-based hiring, filling 30% of its entry-level jobs with people who don't have degrees in 2023. The company worked with nonprofit OneTen to achieve this, using tactics such as a centralized budget for non-degree hires and extended training periods.
  • A federal judge in Texas has blocked a rule from President Joe Biden’s administration that expanded overtime protections for workers. The rule would have made about 4 million more salaried workers eligible for overtime pay.
  • Enterprise AI startup Writer has raised $200 million in a Series C funding round. The company plans to build AI agents that can access external tools and autonomously carry out actions.
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