WASHINGTON (CBS DC) – A new study has found that more companies want college graduates to fill open positions.
According to CBS News, a study by CareerBuilder.com found that nearly 27 percent of employers have raised their educational requirements in the past five years citing that they reported getting a better return on investment from their college educated employees, when compared to workers with just high school diplomas.
More than 2,000 hiring managers participated in the survey, which found that 56 percent of companies that changed their education requirement saw higher work quality from college graduates.
“The trend toward higher-educated labor is already paying off for companies. We see that both in our surveys and data analytics research,” Matt Ferguson, CEO of CareerBuilder, said in a press release.
The study also found that 41 percent of employers reported better communication skills and 19 percent shared they actually saw more revenue coming in as a result of hiring college educated workers.
Some employers said that they are now even hiring people who hold a Master’s degree in positions where they used to hire candidates with Bachelor’s degrees.
Also, more companies are now investing in their current employees by offering to send them back to school. Roughly a third of the managers surveyed said that they have sent workers to school for higher degrees and 81 percent said they will pay for part of their employees’ education.