Is there overqualification in Portugal?
Is there overqualification in Portugal? A recent study by the Collaborative Laboratory for Labour, Employment and Social Protection (CoLabor) indicates that. In fact, the situation is worrying. In particular, a quarter of graduates in Portugal have higher qualifications than those required for their jobs. This phenomenon, which is on the rise, has a significant impact on the labour market and the country's economy.
The current reality
A few years ago, the majority of Portuguese workers had lower qualifications than those needed for their jobs. Today, however, the situation has reversed. Around 25% of workers with higher education are overqualified for the jobs they hold. Clearly, this drastic change reveals a structural mismatch in the labour market.
Impact on women and young people
The CoLabor study highlights that women are the most affected by overqualification. In addition, this phenomenon also has a strong impact on young graduates. These groups therefore face greater difficulties in finding jobs that match their level of qualification. Consequently, this situation can contribute to increasing gender inequalities and frustration among young people.
Sectors most affected
Some sectors are particularly affected by overqualification. Administrative activities, personal services, protection and security stand out, with 40% employees with higher education in these areas being overqualified. Trade and the financial sector also show high levels of overqualification.
Economic consequences
This mismatch in the labour market has several consequences. Firstly, qualified human resources are being underutilised. Secondly, the exclusion of the least qualified from the labour market is becoming a reality. Thirdly, there is an increased risk of talent emigration. In fact, workers may look for better opportunities abroad, contributing to a brain drain.
The way forward
To meet this challenge, it is essential to monitor the magnitude of overqualification and adopt measures that promote a better match between workers' qualifications and job requirements. Such as: continuous training policies, retraining and incentives to create qualified jobs are fundamental steps. In addition, it is crucial that companies recognise and value the qualifications of their employees, promoting the appropriate use of available human resources.
Conclusion
Is there overqualification in Portugal? The answer is clear: yes. This phenomenon presents significant challenges for the labour market and the country's economy. However, with a proactive and strategic approach, it is possible to mitigate the negative impacts and create a more balanced and fair labour market for all.
At Serro & AndradeWe are committed to helping companies meet these challenges. Through our accounting and consulting services, we offer customised solutions to optimise human resource management and promote sustainable growth. Contact us to find out more about how we can support your company.
