Overqualification is the state of being educated beyond what is necessary or requested by an employer for a position with the business. There can often be high costs for companies associated with training employees. This could be problematic for candidates resulting in failure to secure employment for the position in question. Employers foresee costs related to hiring such “overqualified” candidates. When seeking employment, candidates should consider providing explanation to potential employers as to why they are seeking a position that requires less skill, education and therefore less pay than their education and experience qualify the candidate for.
Economy’s markets and recessions have been known to affect the demand for skilled employees. As immigration has been on the rise, particularly in North America, this has resulted in an increase in the proportion of overqualified employees exceeding the demands of the positions within a majority of employment throughout many sectors.
