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Human capital—the strength of all the collective knowledge, attributes, skills, experience, and health of its workforce—is the most vital resource for any organization or economy. Individuals accumulate human capital throughout their working lives, and taking on new roles helps them become upwardly mobile. In fact, work experience can contribute to 40-60 percent of the average individual’s lifetime earnings. But making bold moves that stretch a worker’s potential is not possible unless employers take a chance on hiring them and provide opportunities. Don't miss a new report on how to unlock the power of your people. And to learn more about the research, be sure to register for a virtual event on June 15.

— Sarah Skinner, digital editor, New York

Human capital at work: The value of experience

Human capital represents two-thirds of wealth for the average individual—and work experience contributes almost half of that value.

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Quote of the Day

“We found that women are not doing [nonpromotable] work because they really enjoy it or care more about doing the work. . . . Rather, it’s because we all have the expectation that women will do this work. That collective expectation is held by managers and people who are asking them to do this work. ”

—Lise Vesterlund, director of the Pittsburgh Experimental Economics Laboratory in a new Author Talks interview

Chart of the Day

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Also New

Innovation sourcing in biopharma: Four practices to maximize success

Biopharma companies’ pipelines are full of assets they source externally to access innovation. Four practices will help ensure their investments flourish at a time of fierce competition.

Understand pharmaceutical innovations

Addressing unequal opportunity in an American city

Spatial inequality limits opportunities for millions of Americans. How can companies leverage their unique positions to promote sustainable, inclusive growth in the communities they call home?

Build a better future

How banks can reimagine lending to small and medium-size enterprises

If banks reimagine and modernize their business-lending processes, they can take advantage of new opportunities with SMEs and capture more of the forecast growth.

Take a new approach

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