You are not alone! Indeed, I think this is a key issue for all of us to address as globalization becomes more and more of a reality and degrees become less credible predictors of competency. Basically, we think we need a sort of reputation system that scales globally as a solution to this problem. Here are the key components we launched:

-CV/Resume display

-Recommendations from trusted others

-Work display (examples that illustrate your capabilities)

-Transcript that highlights courses completed.

-Reputation points (modeled after HN)

We see this as a crucial element to the future of education and believe that it will become significantly more important as education becomes increasingly open and free. We've posted on it here: http://ocwconsortium.org/community/blog/2010/09/15/certifica.... You can also see a demo of our solution here: http://www.youtube.com/watch?v=h7LbSnAG-5s