The paper 'The UK Graduate Labor Market' is an outstanding example of business coursework. Over education in the UK appears to be on the rise due to higher expectations from graduates and employers alike. While graduates expect better pay from their prospective employers, their employers, on the other hand, expect quality work. An environment has been created in the labor market where those with high qualifications stand a higher chance of securing well-paying jobs. However, while the expectations have been raised in the labor market, both sides appear to overlook the importance of skills and experience at the workplace.
Skills and experience are important and often supersede education qualifications. Despite raising the UK graduate labor market standards, graduates' pursuit of additional qualifications also creates challenges for universities and policymakers in the government. For instance, universities lack sufficient resources to serve the increasing population while the government faces challenges in tackling the high unemployment rate among fresh graduates leaving college. As such, stakeholders in the education sector need to liaise with policymakers in the government to solve the challenges created by over education and the increasing number of graduates in the UK labor market. The graduate labor market is not static and continues to change with time because of employer's and graduates' high expectations in the labor market.
In the current labor market, graduates expect better packages from their employers. Consequently, employers are demanding higher qualifications from graduates joining the labor market. On the other hand, there seems to be a shift in the career path taken by most students. Since the labor market is competitive, most students are left with no option but to choose a career path that is not flooded to position themselves for better employment opportunities in the future.
While higher qualification plays a role in improving professionalism and competency in the labor market, it also increases the gap between the high-income and low-income earners.
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