According to the recently published European Skills and Jobs survey (ESJS) results, 25% of young adult employees in Europe are overqualified for their jobs.
The survey data was published earlier today by Cedefop and it is the first European survey on skill mismatch.
The ESJS was carried out in the spring of 2014, where a total of 48 676 adult employees from the 28 EU Member States answered questions about their qualifications and the extent to which their skills were a good match for their jobs.
The survey shows a trend that those graduating after 2008 are almost twice as likely to be overqualified for their first job as those who graduated between 1991 and 2000. The ESJS results say that 42% of adult workers looking for a job in the years following the crisis had few opportunities to find jobs suitable for their skills and qualifications. Alternatively, around 26% of EU adult employees have significant skill deficits and therefore are not fully proficient in their job.
The ESJS report concludes that: Given the subdued level of employment creation in the EU economy relative to the pre-crisis era, it is evident that stimulation of aggregate demand is necessary to avoid unsuitable and wasteful skill-job matches, which can have a lasting and damaging effect on the health of the EU labour market. Cedefop experts also add: A commitment by governments to the goal of full employment and to the stability of industrial relations is a key ingredient that can serve as collateral to support the decisions of all labour market agents (individuals, firms and VET providers) in investing in better and stronger skills for the EU’s future.
The survey can be downloaded by filling a pre-registration form. After filling in the form, users will receive an automatic download link to the survey documents (technical documents, micro dataset, key findings, variables).