http://www.cbc.ca/news/business/pbo-jobs-1.3317890
http://www.statcan.gc.ca/pub/75-006-x/2014001/article/11916-eng.pdf
Nowadays, many recent grads are facing trouble with finding the first job in their careers. According to the report, 40 percent of university graduates are overqualified. For those overqualified workers, they tend to be unsatisfied and unhappy with the job and frequently quit. However, this’s a problem not only for those workers, but also a serious problem of broader economy.
Companies usually avoid hiring overqualified employees because, for one thing, they tend to have lower level of satisfaction and attachment, which will increase turnover rate, it’s costly for the companies who have to replace them. For another thing, as they spent much money, time and resources to achieve the qualification, their expectations for salary are higher than those who are less educated. For these reasons, employers perceive overqualified hires as an inherently risky decision. Despite the potential enrichment they bring to the companies, employers continue to prefer resumes that match the requirements of the position rather than exceed them.
