Future of Work

Human capital at work: The value of experience

Human capital is much more than a macroeconomic abstraction.

Human capital is a significant resource to economies of the world Image: Unsplash/krakenimages

Anu Madgavkar
Partner, McKinsey & Company
Bill Schaninger
Senior Partner, McKinsey & Company
Sven Smit
Senior Partner, McKinsey & Company
Jonathan Woetzel
Senior Partner, McKinsey & Company
Hamid Samandari
Senior Partner, McKinsey & Company
Davis Carlin
Partner, McKinsey & Company
Jeongmin Seong
Partner, McKinsey & Company
Kanmani Chockalingam
Engagement Manager, McKinsey & Company
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The value of human capital represents roughly two-thirds of an individual’s total wealth.
The value of human capital represents roughly two-thirds of an individual’s total wealth. Image: McKinsey & Company

Those that move roles are likely to significantly increase their skills and add to their human capital value.
Those that move roles are likely to significantly increase their skills and add to their human capital value. Image: McKinsey & Company
Experience and role moves can enable workers to move into higher earning quintiles and human capital value.
Experience and role moves can enable workers to move into higher earning quintiles and human capital value. Image: McKinsey & Company
Charts showing the share of people who advance to a higher national earnings quintile and also add to the value of human capital.
People can advance from the 5th, 4th, 3rd, and 2nd earnings quintile to the very top. Image: McKinsey & Company

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