According to Forbes.com, Walmart plans to revamp hundreds of job descriptions and titles with regard to applicants having a college degree or proving they have the necessary skills required through experience or other forms of education.
A Closer Look
The new Walmart employment strategy is representative of another large American business distancing itself from requring formal college degrees.
As Forbes continued to report, the move is motivated by a "shortage of talent in high-demand areas, dwindling college enrollment amid increasing costs, and corporate efforts to improve diversity numbers, 'skills-based hiring' has become one of the hottest topics in corporate boardrooms."
The Walmart job description changes are also indicative of the increasing economic challenges of various business operations around the country.