Job Market Monitor
overqualified
Mismatches in UK – As many as half (49%) of UK workers could be in the wrong job
The CIPD’s report Over-skilled and underused: Investigating the untapped potential of UK skills, based on a representative survey of over 3,700 UK employees and online focus groups, explores how well people’s skills are used and developed in the workplace. The survey found that more than a third (37%) of workers have the skills to cope … Continue reading
Grads in US – 51 Percent feel underemployed
Why do new college graduates end up so disillusioned, underemployed and undervalued after a couple years of work? The Accenture Strategy 2016 U.S. College Graduate Employment Study highlights the disparity between new graduate expectations and the reality of the working world, and examines how employers can improve the employee experience to attract and retain top … Continue reading
Grads in UK – A significant difference between their expectations and their experiences
For the second year in a row, the results of the Accenture Strategy UK University Graduate Employment Study highlight a significant difference between the expectations of new university graduates and the experiences of recent graduates. The class of 2016 is entering the workforce with confidence in how they have been prepared and great expectations for … 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
Overeducated in the EU – Taking time to ensure that the job matches your skill set has a big pay‐off
Studies of skill mismatch tend to focus on one of two central measures (a) overskilling which describes the phenomena whereby workers are unable to use a range of their skills and abilities in their current job and (b) overeducation, which describes the phenomena whereby workers have acquired a level of schooling in excess of what … Continue reading
Overqualified and Underutilized – Online talent platforms can ease these problems says McKinsey
Labor markets around the world have not kept pace with rapid shifts in the global economy, and their inefficiencies take a heavy toll. Millions of people cannot find work, yet sectors from technology to health care cannot find people to fill open positions. Many who do work feel overqualified or underutilized. Online talent platforms can … Continue reading
US – The underemployment of college graduates is displacing lower skilled workers
The jobless rate of Americans ages 25 to 34 who have only completed high school grew 4.3 percentage points to 10.6 percent in 2013 from 2007, according to Bureau of Labor Statistics data. Unemployment for those in that age group with a college degree rose 1.5 percentage points to 3.7 percent in the same period. … Continue reading
Grads in US / Finding a good job has indeed become more difficult
According to numerous accounts, the Great Recession has left many recent college graduates struggling to find jobs that utilize their education. However, a look at the data on the employment outcomes for recent graduates over the past two decades suggests that such difficulties are not a new phenomenon: individuals just beginning their careers often need … Continue reading
Job Search / Overqualified: What to Do During the Interview
Here’s what you need to do when you’re overqualified for a job Continue reading
US / Half of college grads are overqualified for their current job
Then last week Susan Adams received a report from consulting firm McKinsey, done together with student website Chegg, which is making that pit in my stomach deeper. In October and November of last year McKinsey surveyed 4,900 former Chegg customers, a mix of young people who went to private, public, vocational and for-profit institutions. The findings … Continue reading
US / 41% of college grads overqualified for what they do
College just isn’t worth what it used to be. A survey out Tuesday found that 41% of college graduates from the last two years are stuck in jobs that don’t require a degree. Consulting firm Accenture talked to 1,005 students who graduated from college in 2011 and 2012 and haven’t returned to graduate school. In … Continue reading
Is this grad generation doomed?
Opinions – Wellesley News: The inane act of two indebted students has ignited a lively debate concerning the global student loan crisis and the future of our generation in the employment market. Ross Harper and Ed Moyse, both 22 of the United Kingdom, decided to launch BuyMyFace.com in order to raise money to repay a combined … Continue reading
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