Investing in skills means 'bigger salary'

Investing in improving one's knowledge and skills can result in receiving bigger paycheques, one organisation has said.

According to the Learning and Skills Council (LSC), workers who spend time improving their abilities and expanding their knowledge will be able to earn more money in the long run.

Alvin Hall, an Independent Financial Expert, remarked that the concept is straightforward.

'Simply put, the more you invest in and improve your knowledge, the more you can earn,' he stated.

Mr Hall added: 'In our already hectic lives, we frequently overlook the fact that developing new skills and acquiring fresh knowledge helps us to remain valuable.'

The LSC - responsible for planning and funding high-quality training and education of the English workforce - conducted research that found Brits will spend double the amount of money on their appearance than they do on acquiring new skills.

Around £20.612m is spent by Brits on beauty products and toiletries a year, whereas only £10.998m of expenditure goes towards developing talents and knowledge.