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More than half of UK graduates (58.8 per cent) are in non-graduate jobs, according to a new study that highlights how a shortage of high-skilled careers is frustrating the ambitions of millions of debt-laden young people.
Only Greece and Estonia among Western nations have a higher proportion of graduates working in positions that do not require a degree, the study shows.
Source: European Social SurveyWith graduate numbers increasing much faster than the creation of high-skilled jobs, many employers are starting to insist on degrees even for positions that did not traditionally require university-level skills, the report by the Chartered Institute of Personnel and Development (CIPD) warns.
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.
It’s crucial we as a nation take stock now of whether our higher education system is delivering desired returns for graduates, for organisations, and society.” Around one in 12 people working in low skilled occupations – such as in coffee shops, bars, call centres and front of house at hospitality events – are now graduates, according to the figures.
- Peter Cheese, chief executive of CIPD
Countries such as Germany, the Netherlands and Slovenia, which have a history of strong vocational training, have 10 per cent or less of graduates in non-graduate jobs.
Around 54 per cent of young British people graduated from university. Germany, by contrast, has a rate of just 31 per cent.
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