May 27, 2020

Spain is the European country with the most overqualified workers

Spain is the European country with the most "overqualified" workers for its jobs, 37.3% of the total, according to the 2019 edition of the report on the evolution of the labor market and wages published this Friday by the European Commission (EC).

This indicator shows how many highly qualified people, people who have completed the level of tertiary education and have occupations that do not require such training, taking into account the International Standard Classification of Occupations of the International Labor Organization.

The EC has found that the sectors with the most young workers are those that most commonly experience overqualification, since they tend to have a better educational level than their older colleagues due to recent technological changes and educational reforms.

The EC notes different factors that can produce a high rate of overqualification, such as the "lack of policies that promote alienation between education systems and the labor market" and the absence of commercial regulations that allow growth and reallocation within a company, In addition to the lack of investment in innovation and labor mobility.

"Current trends in the European labor market make it difficult to reduce skills mismatches," says the report, which believes that the labor world now calls for "higher skills and qualifications," especially related to technology.

To counteract this trend, the EC recommends that States establish a "comprehensive package of policies on skills, lifelong learning, labor markets, social protection, research and innovation", with the aim of "facilitating the transition between jobs with a high risk of automation to new and better quality jobs, which have higher demand ".

"As technology advances in the labor market, governments should promote flexibility and labor mobility, as well as investing in education and training," says the report, which sees in these initiatives an "opportunity" to reduce the risk of loss of employment and overqualification.

The EC report also highlights that Spain was the European country with the highest percentage of temporary contracts in 2018, 21.9% of the total, compared to 64% of indefinite contracts.

Unemployment stands in Spain at 15.3%, nine points below 24.6% in 2014, although the EC warns that the duration remains "far from pre-crisis values" and that employment grows in "worst paid" jobs.

In Europe as a whole, the unemployment rate decreased to 6.3% last September, the lowest rate since 2000.

One of the reasons that the report points out for this general improvement are the tax systems established in 2018 which, according to the EC, "have achieved a greater reduction in income inequality than those established in 2008".

. (tagsToTranslate) Spain (t) European country (t) (t) overqualified workers (t)

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