Energy company SSE have just published a report, the first report in the UK, where they’ve commissioned PWC to calculate the value of their ‘human capital’. They’ve calculated it to be £3.4bn.

The calculations are based on assessing the expected lifetime earning of each SSE employee based other skills and qualifications and then factored of how long each employee was likely to stay with SSE. With nearly 20,000 employees these predictions based on averages make sense. In fact they calculated the average ‘human capital’ at £173,000 per head.

A really nice finding was that each apprentices generated £4.29 for all apprentice types, £7.65 for technical apprentices, for every one pound spent.

I wonder what the human capital for the whole of Southwark would be?