They're employable, just not at the level they think they should be at.
Executive? No. Floor sweeper? Maybe.
Nope, they don’t do floors, windows or toilets.
“The other side of the unemployment coin. Some of these folks are just unemployable.”
The problem isn’t the applicants. The problem is HR. Their starting point is a degree. That eliminates more than half the candidates, many of whom are qualified. Now eliminate the candidates with degrees in “Fill in the blanks” Studies, and you are down to 15 of every 100.
Now eliminate every candidate who doesn’t fill the experience squares. (Job description has 10 things. Candidate has 8 of 10.)
Now you are down to 2-3 candidates of the 100. Now the interviews. Eliminate the liars, fakers and candidates with little experience but was smart enough to match the resume to the job description. If you now have 1 in 100, that candidate still has to get through 3-4 more interviews, which could take several months.
This is the problem. If you eliminated the college degree, the company would have someone who is qualified and ready to work within 2-3 weeks.