Lack of grad-level jobs forcing grads to take roles they're over-qualified for
Worryingly high numbers of graduates do not have graduate-level roles to go into, finds the Chartered Institute of Personnel and Development (CIPD), leading to unhealthy numbers of grads being over-qualified for the jobs they do eventually take.
The CIPD finds more than half of grads are in ‘non-graduate’ jobs – and this is one of the highest levels in Europe
Not only will this create poor morale, low retention, and potentially demand for pay and perks that employers can’t satisfy, the research argues over-qualified grads are squeezing out lower-qualified people from jobs they would have previously regarded as theirs.
CIPD CEO Peter Cheese said: “Simply increasing the qualification level of individuals going into a job does not typically result in the skill required to do the job being enhanced – in many cases that skills premium, if it exists at all, is simply wasted.”
By contrast, countries such as Germany, the Netherlands and Slovenia have 10% or less of graduates in non-graduate jobs.
Cheese said: “It’s crucial we take stock now of whether our higher education system is delivering desired returns for graduates, for organisations and society.'
He added 'The government needs to ensure its productivity plan includes a specific focus on creating more high-skilled jobs including working with employers, particularly SMEs.”