CIPD chief executive Jackie Orme has spoken of the importance of professional qualifications after research showed they could add tens of thousands of pounds to an employee’s lifetime earnings.
The independent study estimated the lifetime economic benefit of holding professional qualifications at £81,000. It found membership of a professional body could result in additional earnings of up to £71,000.
Orme said: “This research highlights the immense value added by professional qualifications – for individuals, employers and the wider economy.
“People management qualifications have a multiplier effect as professionals use their knowledge and skills to maximise the learning and performance of the whole workforce.”
She added: “The government’s skills agenda cannot succeed without the contribution made by professional bodies and their qualified members.”
The research was commissioned by the Consultative Committee for Professional Management Organisations (CCPMO), and based on analysis of data for six consecutive quarters of the Labour Force Survey.
The CCPMO is a group representing eight leading professional bodies, including the Chartered Institute of Personnel and Development.