Seattle, Washington (PRWEB) August 12, 2014
PayScale, Inc. today announced its report Underemployment: Overeducated, Underpaid, and Underworked. Report also includes new findings about the Skills Gap, based upon employer responses.
“Underemployment is a real concern for today's job seekers as the economic recovery continues to be sluggish,” said Katie Bardaro, Lead Economist, PayScale. “Hiring in many industries remains below expectations and unless you are in certain high-demand fields like technology or health care, well-paying job opportunities are simply not plentiful.”
Some highlights from PayScale's Underemployment study include:
Adds Bardaro: “PayScale has found that more than 40 percent of our surveyed users feel they are underemployed, and the overwhelming majority of them (80 percent) feel it is due to their pay not matching their level of education or training. Underemployment is clearly a broader issue than the strict definition by the Bureau of Labor Statistics which defines it as settling for part-time work when seeking full-time work.”
For more on Underemployment: Overeducated, Underpaid, and Underworked please go to: http://www.payscale.com/data-packages/underemployment.
Creator of the largest database of individual compensation profiles in the world containing more than 40 million salary profiles, PayScale, Inc. provides an immediate and precise snapshot of current market salaries to employees and employers through its online tools and software. PayScale’s products are powered by innovative algorithms that dynamically acquire, analyze and aggregate compensation information for millions of individuals in real-time. Publisher of the quarterly PayScale Index ™, PayScale’s subscription software products for employers include PayScale MarketRate™, PayScale Insight™, and PayScale Insight Expert™. PayScale’s cloud compensation software is used by more than 3,000 customers including Cummins, Warby Parker, Zendesk, Clemson University and Covenant Dove. For more information, please visit: http://www.payscale.com or follow PayScale on Twitter http://twitter.com/payscale or Facebook http://www.facebook.com/PayScale.