Belfast Telegraph

UK Website Of The Year

Value of UK workers up for first time since 2008

By Damien Clarkson

The value of Britain's workforce has increased for the first time since the recession began, official data has found.

A typical employee stands to receive a potential total of £444,000 in earnings over the rest of their working life - £4,600 more than a year earlier.

The Office for National Statistics (ONS) calculates our worth, or "human capital", by factoring in skills, knowledge, abilities, social attributes, personality and health attributes.

As a collective, the UK's human capital rose to £18.2trn in 2014, the latest year stats show. This is the first rise seen since 2008.

Among the other key findings, women made up just over a third (37%) of the total for 2014, a figure which is virtually the same as it was 10 years earlier (36% in 2004).

It also found that, while 16-to-35-year-olds make up 41.4% of the total workforce, they contribute a far higher share (66.1%) of the human capital. Perhaps unsurprisingly, graduates have the highest potential worth at £6.6trn.

Belfast Telegraph

Popular

From Belfast Telegraph