Graduates who have qualified from universities in the UK are more likely to be undertaking work that doesn’t require a degree as vacancies for jobs that require the relevant degree qualifications are at “saturation point” in the current climate.
The Chartered Institute of Personnel and Development (CIPD) – the professional body for human resources managers - has showed that, at the last and more resent count, it was said that in excess of 58,8% of university graduates in Britain.
It said that the number of graduates have now “significantly” outstripped the upstart of high-skilled jobs.
The CIPD called the report “a wake-up call” with its chief executive, Peter Cheese, saying: The assumption that we will transition to a more productive, higher-valued, high-skilled economy just by increasing the conveyer belt of graduates is proven to be flaud”.
The issue found in the Chartered Institute of Personnel and Development report was leading to “negative consequences”, such as situations finding employers looking for people with degrees to take-up traditional non-graduate jobs.
The report also concluded that graduates were replacing non-graduates in non-graduate roles with jobs ideal for graduates on the decline, on just not in existence at all.
Mr Cheese said: “In many cases the skill premium that the graduates had – if it existed at all – was simply being wasted”.
The CIPD is calling for a national debate over how to generate more high-skilled jobs.
A spokesperson from the Department of Business, Innovation and Skill said: “We are providing the right mix of university places and apprenticeships to ensure that more people have the opportunity to advance their careers and businesses to get the skills they need in order for them to grow”.
