Most graduates overqualified for their jobs
The British government is coming under increasing fire over its failure to create sufficient high-skilled jobs for its rising proportion of graduates.
A new report suggests that 6 in 10 British graduates are working in low-skilled jobs which don't need a university degree.
The study by the Chartered Institute of Personnel and Development (CIPD) shows that 58.8% of British graduates are in jobs which are considered to be non-graduate roles.
Some analysts are now warning that over-qualification has already reached "saturation point” in the UK.
CIPD has described the report as a “wake up call.”
Chief executive of the CIPD has warned against the negative consequences of the trend.
"The assumption that we will transition to a more productive, higher-value, higher-skilled economy just by increasing the conveyor belt of graduates is proven to be flawed," the British media quoted Peter Cheese as saying.
According to the report, more employers are now requesting degrees for traditionally non-graduate roles.
Some observers believe that many graduates are forced to work in low-skilled jobs in an effort to evade unemployment.
Joseph Ochieno believes the figures are indicative of a sort of a “hidden unemployment.”
“There has been high level of unemployment in the UK which of course is coming down slightly. But, there is subtraction element of hidden unemployment,” the London-based commentator told Press TV on Wednesday.
Earlier this month an official report revealed that the labor market has been witnessing the second consecutive month of job losses.
According to a report by the Office for National Statistics (ONS) 1.85 million people have been out of job in the April to June period.
The figures show that there has been a fall in employment and a rise in unemployment within the second quarter of 2015.
The number of employed people dropped by 63,000 and the number of unemployed people increased by 25,000.
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