Bloomberg Law for HR Professionals is a complete, one-stop resource, continuously updated, providing HR professionals with fast answers to a wide range of domestic and international human resources...
April 15 — The 25.5 percent of U.S. workers who hold a professional certification or license have higher earnings than those who don't among all education levels, according to figures released April 15 for the first time by the Labor Department.
The new data come from questions added in 2015 to a monthly survey of 60,000 households, which is used to determine the unemployment rate.
“While BLS has published statistics on labor force status by level of education for a long time, nondegree credentials, such as professional certifications or licenses, have received less attention in national surveys,” Erica Groshen, commissioner of the Bureau of Labor Statistics, said in a statement posted on the agency's website.
The new data will allow the BLS to see whether the proportion of people with certifications and licenses changes over time and to track “measures of labor market success for people who hold a certification or license, compared with people who don’t hold these credentials,” Groshen said.
Certifications and licenses—gained to demonstrate a worker has the skill or knowledge needed to do a specific job—include commercial driver’s licenses, teaching licenses, medical licenses and information technology certifications. Some occupations such as those in health care have more workers who hold certifications and licenses.
Among all full-time workers age 25 and older, median weekly earnings of workers with a certification or license were 34 percent higher than those without the credentials in 2015 ($1,004 versus $747).
The amount of the earnings premium varied by education. Weekly earnings of workers with some college or an associate degree and a certification or license were 11 percent higher than their peers who did not have the credentials ($825 per week versus $742).
The occupations with the highest proportions of workers who have a certification or license are health-care practitioners and technical (76.9 percent), legal (68.1 percent), and education, training and library (55.5 percent).
Government workers, many of whom are employed in education and health services, are more likely to hold a certification or license than private-industry workers (40.6 percent versus 22.6 percent).
For more information, see Compensation and Benefits Library’s Bloomberg BNA's Wage Trend Indicator chapter.
To contact the reporter on this story: Larry Swisher in Washington at email@example.com
To contact the editor responsible for this story: Susan J. McGolrick at firstname.lastname@example.org
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)