What's in it for me?
How can I benefit from learning a new skill?
Did you know that learning a new skill could increase your earnings by £10,000 to £15,000 on average over five years – and perhaps even more in the longer term?
Acquiring new skills and qualifications is a great way to get a new job or advance your career, but there are also financial benefits. For most people a future of more money is in our hands if we invest time in learning. Based on statistics from the Labour Force Survey, investing some of your time and money in learning could grow your annual salary by up to £2,000 - £3,000.
So by investing time in gaining a new qualification you could earn at least an additional £10,000 over 5 years. The exact payback varies from course to course but on average if you choose the right course, learning really can grow your income.
Colin Chapman, 23, from North Tyneside, is moving up the career ladder in his IT job, thanks to securing a Level 3 qualification. “I was doing well at work, but I knew that getting a Level 3 qualification would give me a better chance of promotion, and a higher salary to match. It paid off, and I have just landed myself a management role!”
