Economic impact assessment of the CCPMO: Final report - CIPD

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Section 4 The economic return to professional qualifications Figure 7: Attainment of professional qualifications and membership of a professional institute by highest other qualification held and age Proportion of population holding professional qualifications Proportion of population holding membership of a professional institute Source: London Economics based on Labour Force Survey. London Economics December 2008 26
Section 4 The economic return to professional qualifications 4.4 Estimating the lifetime earnings of those with professional qualifications 4.4.1 Differences in individual earnings Using the Labour Force Survey, we compare the estimated average annual wage achieved by individuals with professional qualifications to those without such qualifications, as well as individuals with no formally recognised qualifications 30 . The results are displayed in Figure 8. This analysis indicates that individuals with professional qualifications achieve on average substantially higher average wages across their lifetime compared to other individuals. Men, with professional qualifications, for instance earn, on average, almost £12,000 per annum more across their working life, compared to individuals without professional qualifications 31 . For women, the average difference is around £8,500 per annum. 30 Note: these figures do not include individuals that hold membership of a professional institute. 31 This can be seen as the vertical distance between the yellow and red lines in the figure. London Economics December 2008 27
Page 1 and 2: An Economic Impact Assessment of th
Page 3 and 4: ViÃÊiÌÊÀiViÌÞÊ>ÌÊÌiÊ7>
Page 5 and 6: Contents Page 6 References 38 Annex
Page 7 and 8: Foreword Foreword In recent years t
Page 9 and 10: Executive Summary Executive Summary
Page 11 and 12: Executive Summary Training Professi
Page 13 and 14: Executive Summary The skills provid
Page 15 and 16: Section 1 Introduction and backgrou
Page 17 and 18: Section 2 Overview of the CCPMO 2 O
Page 19 and 20: Section 2 Overview of the CCPMO 2.3
Page 21 and 22: Section 2 Overview of the CCPMO Fig
Page 23 and 24: Section 2 Overview of the CCPMO 20%
Page 25 and 26: Section 2 Overview of the CCPMO 2.4
Page 27 and 28: Section 3 The contribution of the C
Page 35 and 36: Section 4 The economic return to pr
Page 39: Section 4 The economic return to pr
Page 51 and 52: Section 5 Concluding remarks from t
Page 53 and 54: Section 6 References Sector Skills
Page 55 and 56: Annex 1 The Skills Strategy employe
Page 57 and 58: Annex 1 The Skills Strategy issues
Page 59 and 60: Annex 1 The Skills Strategy have ac
Page 61 and 62: Annex 1 The Skills Strategy access
Page 63 and 64: The Members of the CCPMO The Member
Page 65 and 66: The Members of the CCPMO The Instit
Page 67: 11-15 Betterton Street London WC2H

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