The Daily Money: Hiring mangers start to favor skills over experience

Today, we learn why it's a really bad idea to bring foreign foods into Australia and have good news for job applicants with skills but not degrees. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Tuesday, August 2 Happy Tuesday, Daily Money readers! Jayme Deerwester back with you.  Word to the wise, people: Don't try to sneak ANYTHING into Australia. Island nations really don't like you bringing in foreign ... well, anything. (C'mon, y'all: Don't you remember that "Simpsons" episode where Bart sneaks a frog into Australia?) One airline passenger arriving from Bali last week learned this lesson the hard way: getting fined $1,874 after airport security found two undeclared egg and sausage McMuffins in their luggage. "This will be the most expensive [McDonald's] meal this passenger ever has,"  Minister Murray Watt said in a news release. "This fine is twice the cost of an airfare to Bali, but I have no sympathy for people who choose to disobey Australia's strict biosecurity measures, and recent detections show you will be caught." More stories you shouldn't miss Angling for a raise?  Don't let recession fears stop you. Here's why. Major Amazon closures: 16 warehouses in a dozen states paused. Put down the protein shake:  Oatly, Glucerna, Premier Protein products recalled. Lack of Latina leadership: Why there are so few Hispanic women executives. Tiny homes vs. mobile homes:  Which is more affordable to own? Companies seek to hire workers with skills over experience An emerging trend is occurring within the jobs sector in the U.S. and abroad. More employers are looking to hire workers based on their skills rather than how much experience they have.  About 45% of companies are adopting a "skills-first" approach, a strategy that helps reduce bias and 33% are replacing resumes as a top gauge with other skills-based assessments. That's according to a new survey conducted by HireVue, a video interviewing platform that uses AI-driven software to help companies seek equitable hiring.   In addition to adopting more of a skills-first approach and assessments, HireVue's survey said 16% of companies are dropping college degree requirements for certain jobs and 18% of companies are also prioritizing bootcamp training certifications instead of excluding candidates without degrees. HireVue's survey also said 47% of companies are now evaluating more candidates from marginalized and overlooked worker groups, including mature-aged, undergrad (44%), and junior workers (38%), typically those under the age of 19. 🎧 Mood music 🎧 Our story about hiring preferences starting to favor skills over experience reminds me of an old Beastie Boys song: "I got skills, y'all, to pay the bills" About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. It even comes with its own Spotify playlist . It features nearly every song quoted here. Follow Jayme Deerwester on Twitter – or Instagram, if you prefer puppy pictures. (Why? Because everybody loves puppies!) Beverage recall: Oatly, Glucerna, Premier Protein products impacted Protein shakes and other drinks made by Lyons Magnus for brands like Oatly and Glucerna have been recalled due to possible microbial contamination. Airline passenger fined nearly $2,000 after McMuffins found in luggage Major Amazon closures: 16 warehouses in a dozen states paused Even with a slowing economy, you can still nab a raise if you act fast Why there are so few Latinas at top of the nation's largest companies Leaning in: Companies seek to hire workers with skills over experience 9 ways to make air travel easier, if you're a plus-size traveler New bill in Congress could help your retirement savings go further Which is more affordable: A tiny home or a mobile home? When turning down a job, do I need to say I already have an offer?   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102