How important is CPD for increasing your salary?

Thu 06 Oct 2022

Michelle Timms

Product Manager / Property Law Tutor

One of the biggest benefits of continuing professional development is that it can help you improve your career prospects and salary potential.

What is CPD?

Continuing Professional Development (CPD) is any type of learning that you take part in which increases your knowledge, understanding and experiences for your professional role. 

Types of CPD

There are many types of learning that count as continuing professional development and one size does not fit all. Generally, continuing professional development refers to formal learning experiences, however, there are informal methods too. 

  • CPD through accredited professional courses
  • CPD through accredited short courses
  • CPD through conferences & seminars
  • CPD through self-directed learning

Learn more about how to do CPD.

How can CPD increase your salary?

Professional qualifications as a form of CPD can make an individual more employable and can lead to increasing your salary over the course of your career.  But how exactly does CPD help you achieve a higher salary?

Develop the skills needed for a promotion to a senior role

CPD can give you advanced knowledge in areas for your field so you will be able to excel in your role, pursue new projects and develop the specialist skills you need to get a promotion.

You will also be eligible to proactively apply for senior roles that require advanced levels of knowledge and skill. These more senior roles tend to come with a higher salary compared to what you can earn with more generalist skills. 

Become more employable

As well as developing key skills needed to advance, the simple act of investing your time and energy in continuing professional development makes you stand out in a competitive jobs market as it demonstrates your commitment to continuous improvement and a willingness to learn. 

Completing CPD shows employers that you are committed to improving your abilities, willing to take on extra responsibilities, and have developed industry-leading management skills that can give you an advantage over other candidates. 

There isn’t always a requirement for candidates to have a particular qualification, however, when looking to progress or move roles it can be a significant advantage.

Continuing professional development is essential to ensuring you can perform at a high level in your current role and advance in your career. At MOL Learn, we specialise in professional qualifications accredited by recognised industry awarding bodies in Human Resources, Learning & Development, Management & Leadership, Project Management, Conveyancing, and Property Agency

With a wide range of online resources, high-quality self-study materials and interactive live and recorded webinars you’ll learn from experts; with our tutors on hand to give you all the support you need. 

Browse our courses or get in touch with our Qualification Advisors on 03452 032 103 to take the next step in your professional development journey. 

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