A recent report released by Canada’s Parliamentary Budget Officer states that four out of every ten young workers are overqualified for their first jobs after graduating. Students pay thousands of dollars to earn university degrees, and are unable to take advantage of the qualifications earned alongside their education. This situation has costs attached to it, as employees may experience high levels of job dissatisfaction and employee turnover may become a big problem for many companies. According to the report, business is one of the main areas in which over qualification is a major problem.
Many university students consider their education to be an investment, as it will make the path to success a much easier one. However, one may feel that the experience is a waste of time and money if it is leading to low-ranked positions that are suited for less experienced people. In class, we have discussed where we would prefer to work once we graduate. There was a large discrepancy in responses, but many of us envisioned ourselves in positions of authority. If this trend continues at the current rate, many of us will end up working in positions which will not test our abilities to the extent that we had hoped.
Many entry-level jobs in Canada employ over qualified workers