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This spring's college grads may want to prepare for a long job search ahead. College degrees don't seem to get you the same kind of job they used to.
In fact, college graduates are being forced to take jobs that do not utilize their skill sets completely. As a result, businesses are seeing a high degree of turnover among recent graduates who are taking those jobs and then quickly looking to move on to more challenging work.
Not surprisingly, researchers found that many of those workers are not satisfied in their jobs for a number of reasons. The most common complaints from graduates were poor job security, poor pay and job content. To help the growing problem, a new report suggests people may want to rethink the model of higher education, particularly since access to higher education has increased in recent years while the number of jobs for those workers has not.
"Generally, the findings challenge the equating of job quality with wages at the economic policymaking level, and the high-skills, high-wages agenda, which has been prominent in the U.K.," said Belgin Okay-Somerville from the University of Aberdeen, who conducted the research with Dora Scholarios from the University of Strathclyde in Glasgow. "Acceptance of intermediately skilled jobs as 'graduate occupations' without interventions designed to make better use of graduates' skills may result in 'good jobs going bad' in the graduate labor market."
The research was based on a sample of more than 7,000 employees in the United Kingdom and was published in the journal Human Relations.