A survey by recruiting service RedBalloon small business index PublicSquare suggests that small businesses are losing interest in hiring candidates with four-year degrees. In the study, known as the Freedom Economy Index (FEI), the organizations surveyed over 70,000 small businesses between Oct. 25 and Oct. 30. Of the small businesses surveyed, 905 responded. The findings of the study suggested that small business owners were dissatisfied with the state of higher education, with 67% of participants responding “strongly no” and 24% of participants responding “somewhat no” when asked whether they thought higher education institutions were “graduating students with relevant skills that today’s business community needs.”
Small businesses are becoming reluctant to hire college graduates and executive coach Nancy Cramer says the problem is with the colleges - and will take years to fix. Hear her conversation with Jeff below: