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In fact, 10 years after graduating, 45% of those with bachelor's degrees end up working jobs that typically don't require a college degree, according to a report by the Burning Glass Institute and Strada Institute for the Future of Work.

“No one doubts the sincerity of the commitments being made, but there is a big gap between what is being said in the C-suite and what is getting executed by hiring managers around the country,” said Matt Sigelman of the Burning Glass Institute.

Companies also benefit — retention rates for workers without a degree is 10 percentage points higher than college-educated colleagues, according to the Burning Glass report.

They’re among the 45% of large U.S. firms that declared a college degree unnecessary for many roles and then didn’t change their hiring practices, according to an analysis from Harvard Business School and Burning Glass Institute, a labor-focused nonprofit.

But a new report from the Burning Glass Institute, a nonprofit research center, in collaboration with SHRM, a professional organization for human resources professionals, suggests that the finance and the tech sectors are most likely to be affected by the technology.