In The News

Bloomberg: Demanding a Bachelor’s Degree for a Middle-Skill Job Is Just Plain Dumb

Credentialism obviously harms job applicants. What’s less obvious is that employers suffer, too. They miss out on new hires who—the study found—work hard, cost less, are easier to hire, and are less likely to quit. In other words, companies are deliberately bypassing a deep pool of talent…Says the report: “Over time, employers defaulted to using college degrees as a proxy for a candidate’s range and depth of skills. That caused degree inflation to spread to more and more middle-skills jobs.”…The study is based on a survey of 600 business and HR executives, as well as 26 million job postings from 2015 parsed by Burning Glass Technologies, a job-market-analysis company that earlier published its own report on the topic.  Read more >> 

Hechinger Report: New research questions the value of certificates pushed by colleges, policymakers

Certificates are the fastest-growing kind of postsecondary credential. Nearly a million a year are now being conferred. But the new analysis, from the Boston-based research firm Burning Glass Technologies, found that, out of 16 million job openings it reviewed over one year that did not require professional licenses, only eight-tenths of 1 percent, or about 130,000, asked for a certificate. To put this into context, as sparsely desired as they were, those home health aide certificates were actually more in demand than any other kind. “There are certificates that people are acquiring that have no currency,” Matt Sigelman, Burning Glass CEO. Read more >> 

CNN Money: Harvard study, Employers making it harder to hire

Employers are increasingly demanding that applicants have better qualifications than the person already doing the same job, according to a new study published Tuesday by Harvard Business School professor Joseph Fuller…In total, the bar has been raised on 6.2 million jobs that didn’t previously require a college degree, according to the study, which was done in partnership with consulting giant Accenture, Grads of Life — a nonprofit that connects employers to Opportunity Youth — and Burning Glass Technologies, a Boston-based data firm. Read more >> 

The Hill: Expanding computer science in schools is a bipartisan opportunity

It is evident in our day to day lives that coding skills and computer science have become necessary in the growing job market. The government is aware of the need to encourage students to learn these skills and become the future of workers, but the schools need more funding. Computer science skills hold the keys to economic opportunity for students.

Coding skills are a staple of half of all occupations in the top earning quartile, jobs with salaries of $75,000 and over. That means that computer science skills, which include coding, are increasingly a prerequisite for a chance at a middle class life in the 21st century. Yet, remarkably, only 40 percent of K-12 schools offer any classes that include coding… Research from Burning Glass Technologies demonstrates that 2.6 million job postings over the last year call for some coding skills. These openings include 33,000 jobs in sales, 18,000 jobs for human resources specialists, 18,000 jobs for financial analysts, 17,000 jobs for marketing managers, and 11,000 for retail managers.

Unfortunately, the number of people entering the workforce with computer science background is low, even though the demand for computing skills is high. Other countries are prepping their students with such skills at an early age, and even in the US certain states and school districts are aggressively incorporating computer science.  Read more >>

TechCrunch: BridgeU raises $5.3m to close the gap between education and industry needs

BridgeU university preparation and careers guidance software uses big data and management tools to allow secondary schools to offer much smarter university and careers guidance service to their students….Next, it will launch a new Careers planner to enable students to discover and explore a vast array of job families and industries, produced in partnership with Burning Glass Technologies, a big database of jobs and talent. Read more >>

AEI: ‘New Skills Marketplace’ — Matthew Sigelman on Burning Glass and labor-market data

Matthew Sigelman, CEO of Burning Glass Technologies, shares his expertise and the companies vast understanding of the job market. “New Skills Marketplace” is looking to inform today’s workers of the rapid changes and future of work. Matthew digs into the importance of evolving skills and the profound discoveries by Burning Glass including of what they call Hybrid Jobs. Read more >>

In this episode of the “New Skills Marketplace” podcast, Andy Smarick (AEI) and John Bailey (AEI) sit down with Matthew Sigelman from Burning Glass Technologies.

Matthew begins by explaining Burning Glass’s role in tracking the job market [2:57]. Next, he identifies a need for training programs which are more responsive to changes in skills demand [9:24]. From there, Matthew gives his take on the effect that automation will have on the job market [17:17]. Matthew then shifts to an analysis of nontraditional skills providers [21:03]. Finally, Andy and John reflect on their discussion with Matthew [30:16].

The Inquirer: Reading, writing, arithmetic, and now coding for youngest learners

They were first graders, barely done learning their ABCs, but their Montgomery County school was launching them into a new orbit of computer coding that it is hoped won’t end until they land a high-tech job, or at least one that requires programming skills…. Experts agree that jobs that require computer-coding skills are growing more rapidly than other occupations — 12 percent faster, according to a 2016 study from the job-market analytics firm Burning Glass — with a particularly high demand in booming fields such as finance and health care. Read more >> 

Harvard Business Review: The Great Recession Drastically Changed the Skills Employers Want

Burning Glass data allows for better understanding of labor market trends. By analyzing hundreds of millions of job postings and resumes, these patterns are clear and can lead to important discoveries. One important employment shift that is apparent now is the transition from occupations that require mid-level skills to those at the other ends of the spectrum. These higher-end skills require more specialized disciplines, like analytical thinking.

In recent research we investigate how the demand for skills changed over the Great Recession (2007-09). Using nearly all electronically posted job vacancies in 2007 and 2010–2015 collected by the analytics company Burning Glass Technologies, as well as geographic differences in economic conditions, we establish a new fact: the skill requirements of job ads increased in metro areas that suffered larger employment shocks in the Great Recession, relative to the same areas before the shock and to other areas that experienced smaller shocks.

In a growing technological world, keeping up with these changes is essential. The U.S. economy has seen change, and job seekers must learn what demand companies now need. Because of the Great Recession, new skills are required to adapt to these employment shifts. Read More >> 

WSJ: Should Businesses Value Free MBA Classes Taken By Workers?

Burning Glass Technologies insights into real-time market data can guide workers on exactly what skills they should build upon to improve their demand in the workforce. In this article, the Wall Street Journal looks at the payoff of these free MBA classes.

An explosion of online business courses is prompting some students to ask: What’s the ROI for free MBA classes? That being said, so many workers today are taking advantage of free MBA classes available online.Yet, businesses don’t seem to value this self-initiated work.  If the free MBA classes are offered by credible institutions like Wharton Business School, Harvard University and Stanford, shouldn’t the work count for something?

“It used to be the case that an M.B.A. from a top school was a golden passport to professional success, and a few universities had a monopoly on the credential,” said Bill Aulet, who teaches entrepreneurship at the Massachusetts Institute of Technology’s Sloan School of Management, which offers a suite of classes online for free.Those credentials matter less now that online learning and non-university training have widened access to skills that once came only with an M.B.A., he said.

A study of more than 17 million online job listings found that of 2,500 certifications requested by employers, the most commonly sought were ones like certified public accountant, which are awarded by industry associations, not universities. “The fact that employers almost never ask for most certificates raises questions about whether people are pursuing a credential that actually has currency in the market,” said Matt Sigelman, chief executive of Burning Glass Technologies, a labor-market data firm that conducted the analysis. Read more >> 

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