Hello mate. Thank you. Hello everybody.I do tend to go off piece a little bit with these things. So I'm apologizing already to the teleprompter now. I'm sorry.I've met lots of students in in in my career. But one of the very first students I actually really spoke to was it was a young guy called Jay. Uh and Jay was uh one of my very original students in our first school here in Australia.And Jay was one of those um real cheeky chappy laran types but was always in trouble. You know, you all know one of these ...

Some 53% of employers say their organizations lack standardized hiring practices, according to the University of Phoenix report based on a survey of 2,000 U.S. hiring stakeholders and job seekers. That means no consistent criteria, evaluation frameworks, or interviewer training to support a meaningful shift toward skills-based hiring, the report found. One huge barrier: interviewer preparedness. Hiring decisions are often made by non-HR employees, yet nearly one in five receive no interview training, accord ...

Skills-based hiring was supposed to transform how employers evaluate talent, but new data shows the transition is happening at a slower pace than expected. https://t.co/P82pJWdpPd https://t.co/31fYbBFHPL ...

Skills-based hiring was supposed to transform how employers evaluate talent, but new data shows the transition is happening at a slower pace than expected. https://t.co/P82pJWdpPd https://t.co/GOGRUw4k0E ...

Skills-based hiring appears to be going out of style https://t.co/UDPzFmfu0p ...

Core Insights - Recent graduates face limited job prospects as AI increasingly takes over entry-level roles, raising concerns about Gen Z's competency in the workforce [1][2] - Stripe's head of data and AI emphasizes the importance of hiring recent graduates, particularly PhDs, for their cutting-edge skills and fresh ideas [2] - The shift towards automation in companies like Goldman Sachs and Salesforce poses risks to entry-level positions, with leaders warning of potential job losses in white-collar sectors [2][3] Company Perspectives - Stripe is actively hiring more new graduates, focusing on those with advanced degrees, to leverage their innovative thinking and proficiency with modern tools [2] - The company expresses concern over the talent pipeline in traditional software engineering, questioning how undergraduates will secure necessary opportunities for career advancement [2][3] - Stripe's AI executive highlights the importance of mentorship development, fearing a future without a robust pipeline of skilled workers [3] Industry Trends - Billion-dollar companies, including Workday and JPMorgan, are shifting to skills-based hiring to attract top talent, regardless of formal education [3] - The rise of AI is threatening the era of skills, as many specialized functions may become augmentable or replaceable by AI technologies [4] - There is a growing concern that the automation of human skills could drastically affect the career trajectories of recent graduates [2][3]

Core Viewpoint - Bank of America is enhancing its commitment to skills-based hiring by planning to hire 10,000 military veterans and 8,000 individuals from community colleges over the next five years, alongside creating 700 new financial center jobs in growth markets [1][2][5] Group 1: Hiring Initiatives - The bank aims to increase military hiring, bringing the total number of veterans hired since 2015 to over 30,000 [3][6] - Bank of America will double its annual hires from community colleges from 800 to 1,600, recognizing their role in preparing skilled talent for the workforce [4] - The hiring initiatives are part of a broader strategy to provide economic opportunities and support workforce development across the country [2][5] Group 2: Workforce Development - The company emphasizes a skills-first approach to hiring, focusing on training and development through its Academy, which offers structured programs and resources for career growth [2][8] - The bank's commitment to workforce development includes hiring individuals without four-year college degrees, military veterans, and community college graduates [2][4] - The Academy provides high-quality training, job coaching, and access to opportunities for employees to advance in their careers [8] Group 3: Local Market Expansion - Bank of America is expanding its financial center network in states like Alabama, Idaho, Louisiana, and Wisconsin, creating 700 jobs in these new locations [5][7] - The expansion includes plans for 26 financial center openings over the next 18 months and an additional 37 openings in 2027 [7] - This local market expansion supports the bank's commitment to driving economic growth and creating job opportunities [5]