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Value of UK workers up for first time since 2008

By Damien Clarkson

Published 26/08/2015

ONS calculates a worker's
ONS calculates a worker's "human capital"

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

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