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According to the U.S. Bureau of Labor Statistics, by 2022, only about 18 percent of jobs will require a master's degree. This means there will be a plenty of options for those with a bachelor's degree or high school diploma
FREMONT, CA: The job market is being raided continuously by employers to hire the best talent. Unemployment rates have hit record lows, giving job seekers more options than ever. However, the whole process of recruiting new talent can be a tiring process. As a result, HR professionals try to keep their current employees happy. Amidst the task of maintaining smooth functions, HR employees get little time to think about improving the existing staff's education, and neither do the employees find time amidst their busy schedules.
According to the U.S. Bureau of Labor Statistics, by 2022, only about 18 percent of jobs will require a master's degree. This means there are plenty of options for those with a bachelor's degree or high school diploma. While this might lead most people to think then why do we need higher education, in truth, having a workforce with higher education qualifications can have plenty of benefits for both employer and employee.
Investing in higher education of employees will foster the organizations’ growth significantly. Moreover, it also increases employee retention rates. Majority of the managers fear that if the company invests in the education of an employee, they will tend to leave the organization and look for greener pastures. However, studies have shown that employees who are given higher education by their organizations have a sense of gratitude towards the organization and prefer to stick to their employer and be of help to the company in the long run. In a competitive labor market, having positive employee retention is priceless. With higher education, employees will not just stick around but also improve their performance. An educated employee will have a better understanding of the market and its emerging trends.
The marketplace is changing every day, and the employees must be up to date with the ever evolving trends. Higher education improves the ability to learn and grasp new concepts quickly. Employees with higher education will feel the urge to stay updated with the latest market trends. An educated employee will always be ambitious to move up the ladder. Employees will put in more time and effort to reach their maximum potential. This can be hugely beneficial for the employer as the performance of the employees' increases. Also, these kinds of employees tend to rub off their motivation on everyone, leading to a more productive workforce
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