South Carolina has an oversupply of labor with associate degrees or higher and fewer jobs that require those levels of education, according to a report by the S.C. Department of Employment and Workforce (DEW).
The report “South Carolina Job Skills Gap Update,” which relies on 2013-2014 data, indicated that 62 percent of the workforce state having attended some college, received an associate’s degree, a bachelor’s degree or higher. However, only 30 percent of the jobs require those levels of education.
The remaining 70 percent of jobs require a high school degree/GED or less but only 37 percent of the workforce has those levels of education. This means that many occupations are being filled by employees with higher levels of education than required, the report said.
“This comparison supports the point made earlier that labor oversupply on the upper end of the education spectrum leads to many in the workforce taking positions for which they are over trained,” the report said.
The report says there were more than 29,500 total graduates than job openings for 2013-2014, which is greater than the number of openings in most career clusters. There are a few exceptions including:
- Architecture and Construction; Finance; Information Technology; and Transportation, Distribution and Logistics need more people with bachelor’s degrees.
- Education and Training; Health Science; and Law, Public Safety, Corrections and Security need more people with Doctorates.
- Health Science; Law, Public Safety, Corrections and Security; and Transportation, Distribution and Logistics need more people with postsecondary non degree certificates and Associate’s degrees.
The report also acknowledges that regardless of education level, job candidates are lacking soft skills needed to be successful in their jobs.
Job posting data from the past three years was analyzed and in many soft skills were listed in jobs ads for most occupations, experience levels or education levels required.
“The fact that advertisements list these requirements indicates that there is a soft skills gap being experienced by employers,” the report said.
To read the full report, click here.