
Overall, 58.8% of graduates are in jobs deemed to be non-graduate
roles, according to the Chartered Institute of Personnel and
Development.
It said the number of graduates had now "significantly outstripped" the creation of high-skilled jobs.
The CIPD said the report's findings should be a "a wake-up call".
"The
assumption that we will transition to a more productive, higher-value,
higher-skilled economy just by increasing the conveyor belt of graduates
is proven to be flawed," said Peter Cheese, chief executive of the
CIPD, the professional body for human resources managers.
'Simply wasted'
The
report found the issue was leading to "negative consequences" including
employers requesting degrees for traditionally non-graduate roles
despite no change to the skills needed for the role.
As a result,
it found graduates were now replacing non-graduates in roles and taking
jobs where the demand for graduate skills was either non-existent or
falling.
The trend was particularly prominent in construction and
manufacturing sectors where apprenticeships have previously been
traditional routes into the industry, the report found.
Mr Cheese said that in many cases the "skills premium" graduates had "if it exists at all" was being "simply wasted".
The CIPD is calling for a "national debate" over how to generate more high-skilled jobs.
It
said government and organisations both needed to act to help graduates
make better use of their skills, but said the report also highlighted
that for young people choosing an apprenticeship instead of university
could be a "much better choice".
A Department for Business,
Innovation and Skills spokesman said: "We are providing the right mix of
university places and apprenticeships to ensure more people have the
opportunity to advance their careers and businesses to get the skills
they need to grow."
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