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| More Australian graduates head into part-time jobs as economic chill persists | More Australian graduates head into part-time jobs as economic chill persists |
| (about 10 hours later) | |
| Impact of global financial crisis and increased supply of university-educated candidates leaves 38% of graduates in part-time work | |
| Michael McGowan | |
| Thu 11 Jan 2018 17.00 GMT | |
| Last modified on Fri 12 Jan 2018 00.51 GMT | |
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| University leavers in Australia are increasingly settling for part-time employment after graduation as a flood of job seekers holding bachelor degrees dilute their own buying power. | University leavers in Australia are increasingly settling for part-time employment after graduation as a flood of job seekers holding bachelor degrees dilute their own buying power. |
| On Friday the latest graduate outcomes survey revealed that the last decade has seen a rise of 17 percentage points increase in the number of university leavers in part-time employment, while the number of recent graduates in full-time work remains stubbornly below below the levels of the global financial crisis. | On Friday the latest graduate outcomes survey revealed that the last decade has seen a rise of 17 percentage points increase in the number of university leavers in part-time employment, while the number of recent graduates in full-time work remains stubbornly below below the levels of the global financial crisis. |
| It’s what the survey authors say is part of a “pronounced trend towards part-time employment among graduates”. Between 2008 and 2017 the proportion of employed graduates working part-time increased by 17 percentage points to 38% of all graduates. | It’s what the survey authors say is part of a “pronounced trend towards part-time employment among graduates”. Between 2008 and 2017 the proportion of employed graduates working part-time increased by 17 percentage points to 38% of all graduates. |
| While the shift to part-time employment is part of a broader trend in the labour market, it’s particularly pronounced amongst university leavers. | While the shift to part-time employment is part of a broader trend in the labour market, it’s particularly pronounced amongst university leavers. |
| For example in 2017 male graduates were far more likely to be employed part-time than the overall male workforce. Part-time employment was 32% for male graduates compared with 18.7% for employed men overall. | For example in 2017 male graduates were far more likely to be employed part-time than the overall male workforce. Part-time employment was 32% for male graduates compared with 18.7% for employed men overall. |
| Phil Lewis, the director of the Centre for Labour Market Research at the University of Canberra, said the trend to part-time employment was down to supply and demand. | Phil Lewis, the director of the Centre for Labour Market Research at the University of Canberra, said the trend to part-time employment was down to supply and demand. |
| Between 2009 and 2016 domestic undergraduate enrolments grew by 33%, which Lewis said was have an impact on employer choice. | Between 2009 and 2016 domestic undergraduate enrolments grew by 33%, which Lewis said was have an impact on employer choice. |
| “There’s a certain number of people and a certain number of jobs,” he said. | “There’s a certain number of people and a certain number of jobs,” he said. |
| “When the economy is booming the queue becomes very short so employers take whoever they can get [but] the huge increase in graduates since the introduction of the demand-driven system just means the queue gets bigger. | “When the economy is booming the queue becomes very short so employers take whoever they can get [but] the huge increase in graduates since the introduction of the demand-driven system just means the queue gets bigger. |
| “These people will get a job eventually but at the moment new graduates are right at the back because employers can pick whoever they want.” | “These people will get a job eventually but at the moment new graduates are right at the back because employers can pick whoever they want.” |
| The survey also found that since 2008 the full-time employment rate among bachelor degree holders has fallen from 85% to 71.8%. | The survey also found that since 2008 the full-time employment rate among bachelor degree holders has fallen from 85% to 71.8%. |
| Bruce Guthrie, a research manager from Graduate Careers Australia, said: “In a way it’s the unfortunate timing of an increase in graduate output coinciding with a reduced demand for new graduates. | Bruce Guthrie, a research manager from Graduate Careers Australia, said: “In a way it’s the unfortunate timing of an increase in graduate output coinciding with a reduced demand for new graduates. |
| “I used to hold out hopes that the situation would return to pre-GFC levels of strong employment outcomes for new graduates but it looks like the GFC has dislocated many industries and patterns of doing business world-wide and it might be that we’ll never get back to those levels of demand.” | “I used to hold out hopes that the situation would return to pre-GFC levels of strong employment outcomes for new graduates but it looks like the GFC has dislocated many industries and patterns of doing business world-wide and it might be that we’ll never get back to those levels of demand.” |
| The survey comes as the federal education minister Simon Birmingham engages in a war with universities over funding. | The survey comes as the federal education minister Simon Birmingham engages in a war with universities over funding. |
| In its mid-year budget update the government announced it will cut $2.2bn from universities predominantly through a two-year freeze in commonwealth grants funding for teaching and learning – effectively the end of the demand-driven system. | In its mid-year budget update the government announced it will cut $2.2bn from universities predominantly through a two-year freeze in commonwealth grants funding for teaching and learning – effectively the end of the demand-driven system. |
| The minister has signalled that he will seek to force universities to improve graduate outcomes by attaching performance-based measures including graduate outcomes to funding. | The minister has signalled that he will seek to force universities to improve graduate outcomes by attaching performance-based measures including graduate outcomes to funding. |
| He said the survey demonstrated the benefits of “ensuring universities are more accountable and transparent about the job prospects of their graduates”. | He said the survey demonstrated the benefits of “ensuring universities are more accountable and transparent about the job prospects of their graduates”. |
| “For example the results show that 82% of graduates with degrees in teaching secured full-time employment within four months of finishing, with the figure dipping to 60% for graduates in the creative arts and communications fields,” he said. | “For example the results show that 82% of graduates with degrees in teaching secured full-time employment within four months of finishing, with the figure dipping to 60% for graduates in the creative arts and communications fields,” he said. |
| But Catriona Jackson, Universities Australia acting chief executive, pointed out the figures only accounted for graduate outcomes four months after graduating. | But Catriona Jackson, Universities Australia acting chief executive, pointed out the figures only accounted for graduate outcomes four months after graduating. |
| “The data shows that graduates, like everyone entering the labour market, need time to establish in their careers. But this immediate outlook can shift quickly – within three years of finishing their studies, nine in 10 graduates are employed full-time,” she said. | “The data shows that graduates, like everyone entering the labour market, need time to establish in their careers. But this immediate outlook can shift quickly – within three years of finishing their studies, nine in 10 graduates are employed full-time,” she said. |
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