Job Market Monitor
Overqualification
Overeducation in Canada – The gap between supply and demand went from zero to an 10-percentage point
“Stay in school!” is the rallying cry of many Canadian parents who see education as the key to improving their children’s standard of living. In fact, more education is generally associated with higher salaries and better working conditions. It is also linked to a wide range of other benefits, including increasing a country’s economic prosperity.… … Continue reading
Overqualified Grads in US – 25 percent in 2015 based on a “good-fit jobs” approach
Recent studies have claimed that as many as 48 percent of college graduates are overqualified for the jobs they have, but this figure seems inconsistent with their comparatively higher earnings relative to earnings of workers without a college degree. To obtain that high mark, those studies classify many occupations that pay well as being a … Continue reading
Around 40% of workers are mismatched by field, trained in a particular field, works in another field, research finds
Field-of-study mismatch occurs when a worker, trained in a particular field, works in another field. This study draws on the Survey of Adult Skills (PIAAC) to explore how skill supply and labour market demand dynamics influence mismatch. It updates cross-national estimates on mismatch and estimates the mismatch wage penalty. Findings suggest that around 40% of … Continue reading
Overqualification in Canada among Workers Aged 25 to 64 with a University Degree – 47% have lower literacy skills and 54% have lower numeracy skills
Based on a self-reported measure of overqualification, this article examines the association between overqualification and skills among workers aged 25 to 64 with a university degree, using data from the 2012 Programme for the International Assessment of Adult Competencies (PIAAC). This article also examines the extent to which overqualified workers are dissatisfied with their jobs. … Continue reading
US Grads / Being overqualified, they express regrets finds McKinsey
McKinsey partnered with Chegg Inc. to conduct a survey that gauges the attitudes of more than 4,900 recent graduates on a range of issues. The mix included attendees of four-year and two-year private and public colleges, as well as vocational and for-profit institutions. The survey primarily focused on students who graduated between 2009 and 2012, … Continue reading
Canada / Almost half feel overqualified for their jobs
Canadians are not alone in feeling undervalued in the workplace, as a new survey shows almost half of the population feels overqualified for their jobs. The latest global work monitor survey released by recruitment firm Randstad showed 44 per cent of Canadians feel they are overqualified for the positions they fill, while one in five … Continue reading
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