The paper presents the situation of the labor market of the UK that is still suffering from the after-effects of the global financial meltdown. Although the corporate sector is growing all over the world, the job market has changed in terms of demand and recruitments processes…
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Observing the actions taken by the regulatory bodies and the Government of the UK, it can be observed that, over-education is a long term phenomenon and is hampering the work enthusiasm of the graduates. Moreover, the educational systems are also changing and focusing on designing courses that are suited more professionally, rather than the traditional learning style (Walker and Zhu, 2005). One of the major issues in the contemporary job market scenario is over-education of the candidates and the jobs being offered. This is reducing the potential limits of the students and is also hampering their future prospects. This study is based on evaluating the influence of graduate workers in the UK.
Majority of the scholars such as Walker and Zhu (2005) and Buchel, de Grip and Mertens (2003) have pointed out that, the primary factor behind the increase of over-education is the limited numbers of suitable candidates available in the job market. However, Dolton and Vignoles (2000) observed that the changes in the operational style of the corporate segment have also caused a rise in the number of over-educated employees. Most of the large scale business houses have segregated their work process into small and specific parts. This has limited the amount of skill required for employment and also reduced the scope of growth. Hence, the educational qualifications of the employees are often, more than their existing job profile. On the other hand, the limited number of jobs in the industry is also forcing the graduate candidates to work at lower level employment criteria adding to the factor of over-education among the graduates. Budria and Moro-Egido (2009) opined that the overall increase in the cost of living has resulted in an increase in the numbers of graduates or students taking up part-time jobs to meet their expenses. Considering the economic influence Dolton and Silles (2001) stated that, in the UK, retail and banking sector is among the highest recruiters which leave little option for the graduate students to follow their desired job profile.
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...?Running head: Marketing Intelligence Report Insert Insert Grade Insert 12 January Marketing Intelligence Report The LabourMarket Sector UK Introduction The demand for labor in the United Kingdom is influenced by the availability of skills, expertise, and knowledge in the country. Different types of labor are required in the country to meet the demand of labour in various sectors. According to HRM in context (N.d, p90), a labourmarket can be described as a mechanism through which labour is purchased and sold as a commodity. Labor demand is the number and types of jobs available...
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Table of Contents
Table of Contents 1
2. Theoretical Review 7
Data Analysis 41
Discussion of Results 42
Answers to Research Questions 47
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Minimum Wages in the UKLabourMarket
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...Running Head: WOMEN IN UKLABOURMARKET Women in UKLabourMarket [The [The of the Women in UKLabourMarket
The position of women is often considered to have improved during the last few decades. There is, however, considerable debate as to the extent of change and the reasons for it. This essay will look at how women's lives have changed in terms of employment, pay, education, household, sexuality and the state. The most important changes for women are in education, but that the basic pattern of inequality remains in most aspects of the social structure, from paid work to the household divisions of labour, from sexuality to violence.
The most important and enduring consequence of industrialization for women has been... , this...
Impacts of Immigrants to UK and UK Immigration Policy on its LabourMarket
International migration is not a recent phenomenon, but a social phenomenon that has prevailed throughout the history of humanity. In the contemporary world, international migration has grown to be a major factor that influences the intricate space-time dynamics in the global and national socioeconomic systems (Zorlu and Hartog 2005; Venturini and Villosio, 2006). Numerous nations are progressively being affected by international migration. According to OECD, (2009) the countries that host the immigrants and the countries where the immigrants move from are both greatly affected by...
...OVER-EDUCATION IN THE GRADUATE LABOURMARKET – CASE STUDY OF UKMARKET Executive Summary Over the last 25 years, there has been a rapid expansion in the UK job market with a significant increase in the numbers of graduates. Recent research has shown that there are considerable proportions of graduates who have attained more education than what is actually required to do, for the particular job. At the same time, employer also complains that there is a shortage of high skilled labour. This has raised the concern about the value of education, whether it implies positive utilization of the educational investment and...
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Lucifora, C. C. (2004). Education, training and labourmarket outcomes in Europe. New York: Palgrave Macmillan.
Meager N., &. d. (2007). Recent developments in active labor market policies in the UK: The shifting focus from unemployment to inactivity. The Evaluation Of Active LabourMarket Policies, Measures, Public-Private Partnerships And Benchmarking, 117--146.
Quintini, G. N. (2002). The recent performance of the UKlabourmarket....
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