This paper analyzes the incidence of over-education in the UK graduate labour market. By incidence is meant the extent or degree of over-education in this segment of the UK labour force. The author intends to effect the analysis by critically assessing scholarly literature on the topic…
As the essay declares over-education refers to a situation whereby a person holds a job for which they are overqualified. Thus, when used in the context of the graduate labour market, the term implies that degree holders are employed in jobs whose skills requirements are much lower than the skills they have acquired at college or university. Put in another way, the graduate is underemployed. For instance, a holder of a degree in electrical engineering who works as a salesperson of cars can be described as being underemployed. A person does not require a degree in engineering to sell cars. The skills of such a person would be better utilized if they were employed in a company that manufactures electrical appliances.This paper highlights that scholars have advanced many reasons to explain why the citizens of a country may become over-educated. The two most cited reasons are skewed government policies and high levels of unemployment. In its efforts to enhance access to higher education,the government may open the doors of higher education so wide that everyone goes through. A common way by which governments around the world accomplish their goal of making higher education more accessible is by transforming middle-level colleges and technical training institutes into universities. Unfortunately, the same governments do not step up efforts to create employment opportunities to match the rising number of graduates. The result is often a flooded job market where, in desperation, the graduates snap any job that comes their way. ...
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(Over-Education in the Graduate Labour Market Essay)
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Graduates are equipped with contemporary organizational theory provided by their college or university, thus they provide an excellent labour pool for talent procurement and career development by bringing new ideas and concepts to the organization. In order to locate top talent, new developments for recruitment and selection include the use of psychometric testing instruments, websites and social media, preliminary training in Boot Camp format, and the usage of recruitment fairs to provide knowledge exchange and be interactive with graduate job seekers.
There is a common misconception that candidates with experience of the job have relatively more chances of getting the applied job to qualified candidates. The stake of taking a decision remains on the graduate job market on whether to prefer a recent graduate over an experienced one or not.
Employability is therefore a key issue whose importance cannot be overemphasized since it now acts as a scale in determining career success. Statistics state that in UK more than 40 percent of school leavers are joining Higher Institutions of Learning which sets forth the pace for these institutions to take their rightful role in ensuring that graduates’ skills are relevant.
Unless the people of a country get educated, the country cannot grow and develop because the essential skills and expertise that the trained and educated people develop contribute to the national product of the country. Thus the policy makers of a country should be aware about the educational scenario and how the system can be run efficiently so that the country can develop a host of skilled labourers and educated professionals.
n the other hand argue that “employability can be defined as the relative chances of finding and maintaining different kinds of employment.” Though there are some contextual differences in these two definitions, there is a clear signal within the definitions that places some
Having a greater diversity, multiplicity of skills, student experiences and employability references from his/her respective graduating universities respond better to the needs of the industry the graduating work force is to be employed
According to the report the number of graduates living in the UK higher education society has risen over the last few decades. Additionally, the inequality in wage becomes apparent as well as narrowly defined within a qualified group. The proportion of graduates in labour force has increased severely over the last few decades.
Nonetheless as studies show, this is just a coping mechanism as finally most of that match their skills. This paper also captures how over education affects the productivity and job satisfaction of graduates facing this