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Study: Employers raising the bar for new hires

Study: Employers raising the bar for new hires
Posted at 10:20 AM, Oct 25, 2017
and last updated 2017-10-25 07:33:57-04

(CNN) - Employers are raising the academic bar for new hires.

A new Harvard Business School study said the trend is costing companies.

Employers only seeking applicants with 4-year degrees could pay more in salaries and see long-term job vacancies.

There are currently 6.1 million job openings in America, a near-record number.

But applicants with relevant experience are still being overlooked.

The study suggests that companies customize application processes so all qualified job seekers are considered.

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