According to PBO report, four out of every 10 young workers with a university degree are overqualified for their job in years after graduation. Those young workers spent money, time, and resources to get those qualifications but get into a job that doesn’t matches their degrees. In other words, the knowledge they achieved in those four year they spend in university is useless in their first job.
This problem is not just for the workers, but also for the broader economy. These workers may face lower levels of job satisfaction and attachment, which could increase turnover rates for employers. So the companies should avoid overqualified employees in order to reduce their training cost. On the other hand, students especially who just graduated from universities should pay attention on their job searching. Although getting different work experience from different companies is good for new graduated student, we still have to consider our opportunity cost. A job that can put your knowledge into use and get you learn more is way better than a job that just making money. I believe that graduated students now are eager to earn money because of the pressure to live and support themselves. I have that kind of thought before as well. However, after the presentation given from Sauder Alumni, I realized that salary and stability is not a standard to measure jobs. For example, James Clift finds himself in VisualCV, nothing to do with high salary or stability. When we are young, find a job, which fit us the best, is more important.
Don’t waste your time and knowledge with a job that doesn’t fit you.
Reference: News, CBC. “PBO Report Warns Recent University Grads Are Overeducated, Underemployed.” CBCnews. CBC/Radio Canada, 13 Nov. 2015. Web. 14 Nov. 2015.
