This article is published as a part of a partnership with Recruitery. Recruitery is an all-in-one hiring platform that provides headhunt, payroll, taxes, and compliance solutions for remote teams in SEA.
Talents are the determining element in the success or failure of a business; hence every leader wants to recruit them.
Elon Musk, the millionaire CEO of Tesla, does not depend on credentials and schooling to locate people, as do other leaders. Instead, he thinks that talents are far more essential.
And most recently, Musk continues to polarise the global HR community with his assertion that a degree, even a PhD, is unimportant!
Why doesn’t the degree matter for Elon Musk?
In a 2014 interview, Elon Musk said, “The selected candidate does not need a college degree or even a high school diploma.” A degree from a prestigious institution indicates that a person can accomplish great things, but that is not all.
The billionaire also said that getting into Tesla, degrees, and education are not as significant as a tweet, “PhD is not required. I could care less whether you completed high school or not.”
However, this does not imply that anybody, from interns to directors, may be accepted into his enterprises. Although each application is identical, there are three crucial aspects to consider when applying.
These are the personnel taken by this company: They must show their originality by acts rather than words if they are passionate about improving the world and expressing their personality.
Elon Musk, a millionaire, developed Tesla to expedite the adoption of sustainable transportation by electric cars and popularise it as quickly as possible. Therefore, applicants must demonstrate their commitment to the purpose to confirm that they are an excellent match for our organisation.
Also Read: Why Musk’s remote-work policy at Tesla does not apply to tech startups
There are four guiding principles at Tesla: originality, direction, collaboration, and reliability. Therefore, possessing unique abilities will be advantageous when applying to this organisation. Moreover, applicants must have a comprehensive knowledge of artificial intelligence.
The world increasingly requires genuine skill as opposed to degrees
In April, the official jobless rate for Chinese employees aged 16 to 24 reached an all-time high of 18.2 per cent.
In the first six months of the year, the average unemployment claims in the United States fall below 200,000. However, the average number of jobless claims has grown to 232,500 over the last four weeks.
As of December 2021, the Centre for Economic Monitoring of India (CMIE) reports that this South Asian nation has around 53 million jobless individuals. Over 10 million individuals lost employment with the second wave of COVID-19 infections alone.
In February 2022, the unemployment rate in India increased to 8.1 per cent, CMIE said. Previously, the unemployment rate in India had fallen to 6.6 per cent in January from 7.9 per cent in December.
Notably, the majority of jobless people possess degrees. For example, a few days after the government of the state of Madhya Pradesh in central India announced the recruitment of 15 jobs for housekeeper, driver, and security guard posts at the end of last year, 11,000 young people from Madhya Pradesh and nearby states registered. Although most positions need a high school diploma, many candidates possess bachelor’s degrees, master’s degrees, and even engineering and legal certificates.
These are all numbers that speak!
According to the 2018 Freelancing in America poll, freelancers put more importance on skill development: Among freelancers with a four-year college degree, 93 per cent believe skills training is beneficial, compared to just 79 per cent who think their college education is relevant to the work they do today.
In addition, 70 per cent of full-time freelancers had attended skills training in the last six months, compared to 49 per cent of full-time freelancers.
Rapid technological progress and growing educational expenditures have rendered the old higher education system obsolete and hazardous in the present day.
Too often, a degree is still seen as a permanent mark of professional skill. They perpetuate the notion that activity and the information it needs are static. It is impossible.
For instance, according to a 2016 study by the World Economic Forum, “in many sectors and nations, the most in-demand jobs or majors did not exist ten or even five years ago, and this pace is poised to accelerate.”
At our company, what workers can accomplish is considerably more significant than where they went to college; therefore, we often question candidates about their years of experience, talents, and managing difficult situations.
In reality, applicants with more excellent experience do better than those without experience. Therefore, we do not exclude people with strong academic credentials but prefer those with job experience.
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