To further its programme of work on human capital, the CIPD is developing a Panel comprising a small number of companies already recognised as 'human capital champions'. Although the requirements for mandatory reporting on human capital from companies is as yet still unclear, most of the FTSE companies would agree that as companies recognise the merits of human capital reporting, there will be increasing impetus to strengthen reporting, and for companies who currently do not report to do so.
We have therefore developed what we hope will become a vehicle to encourage and disseminate best practice. By starting with a small number of companies who already have a good track record for human capital reporting and are skilled in the process we hope to be able to add momentum to the debate and encourage others to strengthen their data in this area.
Purpose of the Panel
The Panel's purpose is to produce regular material tracking the development and use of measures to demonstrate the value and contribution of human capital.
While carrying out research for this purpose, the Panel will also seek to provide information on the following issues:
- how measures link to bottom line performance indicators
- how this data is reported externally within the requirements for business reporting
- whether any generic measures are emerging which might have value for comparability across sectors or organisations
- what skills the HR profession needs to develop to make progress on human capital evaluation.
If any companies believe they fulfil the requirements and would like to join to Panel, please contact Angela Baron, CIPD adviser on organisation and resourcing.
Publications
The first report from the Panel Human Capital Evaluation: Getting started was published in March 2006.
The second report Human Capital Evaluation: Evolving the data was published in October 2006.
The third report Developing Performance Measures was published in July 2007.