Should we rate students by their work ethic?

All of us working know that if some of the D and C students conducted themselves on the job like they do in college, then they would end up with a D or C job with D or C pay.

Today an article came out from InsideHigherEd.com, "Transcript for Work".  It told about a 2-year college in Missouri, Linn State, that rates students "job readiness and work ethic".  Initially it sounds to me like a good deal both for students and for faculty. About five years ago I worked with a technical college in Wichita  Kansas, Wichita Area Technical College that did the very same thing. Employers love it.

Both colleges have rubrics for faculty to use and students to understand how they are graded.  What WATC did was advertise to their employers to ask for students' transcripts when graduates applied for a position.  This attracted employers who felt confident they hired the best employees.  Interestingly enough, not all A students had the highest ratings for work ethic!

In a time when states are concerned with employability of graduates, this does not sound like a bad idea.  It would be interesting if four year college students would be as attentive to their work ethic grade.  Many students opt to attend technical school with the idea it is a short path to a career.  Do they have more motivation to be more serious about their employability?