Hiring Based on Skills Instead of College Degrees is Vital for the Future, IBM CEO Says
What does the future of getting a job in the tech industry look like? According to the CEO of IBM, Ginni Rometty, it’s important that tech companies focus on hiring people with valuable skills, not just people with college degrees.
Rometty made the comments yesterday at the World Economic Forum in Davos, Switzerland. The CEO said that technology’s fast-moving pace here in the 21st century makes it harder for people to find jobs and has led to disillusionment with the future.
“With the new technologies that are out there, I think there is a huge inclusion problem, meaning there’s a large part of society that does not feel this is going to be good for their future,” Rometty said. “Forget about whether it is or it isn’t or what we believe. Therefore they feel very disenfranchised.”
“I think those of us or benefit from the technologies, we have a really serious duty about this because these technologies are moving faster in time than their skills are going to change,” Rometty said about the masses of people who are trying to get and retain jobs in the tech sector.
Rometty said that she believes this frustration led to Brexit, the United Kingdom’s referendum that will cause it to leave the European Union in March.
“For them to participate broadly—for the U.S. to participate broadly, not just two coasts, right?—and it’s what led to Brexit, it’s what led to all of this, that you’ve got to make it inclusive, which means that you’ve got to believe in some different things, I believe, to move forward now.”
Brexit is not going well right now, to say the least. Average people are even buying up emergency supplies and large corporations are pulling their offices out of Britain. As some commentators have said, it’s like the UK is preparing for a very real war that’s completely unnecessary.
“So when it comes to education and skills, why government can’t solve it alone,” Rometty said. “I think businesses have to believe I’ll hire for skills, not just their degrees or their diplomas. Because otherwise we’ll never bridge this gap.”
“All of us are full of companies with university degrees, PhDs, you’ve got to make room for everyone in society in these jobs,” Rometty said as other business leaders on the panel nodded their heads.
Rometty starts talking about this important shift, and what companies need to do about it, at the 9-minute mark: