In addition to the obvious benefits that we have previously discussed, there are some subtler ones that you may not ever even have considered.
Studies show college graduates are much more likely to get better benefits provided b their employer than people without college degrees. This is especially the case when healthcare coverage is considered. A report produced in 2008 by College Board showed that around 70 percent of the individuals with four-year college degrees were given health insurance from their employer. Less than half of employees with only a high school diploma received the same benefits.
All things considered, college graduates find jobs with better benefits. In addition to the health care insurance, college graduates can also look forward to health savings accounts, better retirement matching, tuition reimbursement, free childcare and even reimbursement for travel and commuting costs. Sometimes, a benefits package can be worth almost as much as an employee’s salary.
College degrees also lead to greater job stability for the most part. Economic downturn often causes employers to cut down on the number of employees the staff. What do you think the first positions to go in these times of hardship are? That’s right, typically it’s those at the bottom of the totem pole. Positions that require unskilled labor are almost always the first to lose their position during layoffs. Recession unemployment rates among college graduates is much lower than the unemployment rate for employees with only a high school diploma.
Certain jobs inherently have a lower unemployment rate than others. According to U.S. News & World Report, some of the jobs with the best job security during a recession include registered nursing, public school teacher, college professor, accountant, federal judge, doctor and air traffic controller. Not surprisingly, most of these jobs if not all of them also require a college degree. Go figure!
It’s no surprise that college graduates are typically more satisfied with their careers than people with a high school diploma. Since we spend almost out entire lives working job satisfaction can be a big factor in our overall satisfaction with life in general and our sense of well – being. Studies have also shown that as level of education increase, job satisfaction does as well.
College graduates are more satisfied with their careers for any number of reasons. It might be because they are able to find higher paying careers. Maybe they’re able to get into positions with job advancement opportunities. They’re able to get hired by employers that provide generous benefits. And most importantly. It might even be that they are simply able work in fields and industries that interest them.
According to 2007 survey from the University of Chicago, some of the most satisfying occupations include physical therapist, firefighter, teacher, clergy, psychologist, education administrator, operating engineer, and office supervisor. Most of which also need a degree to be seriously considered.