Cooley's post: "New reporting standard for human capital management" based on this CFO.com article provides an overview of relatively recent developments in the push for enhanced corporate human capital management disclosure, and the impending publication of a new human capital reporting standard - ISO 30414 - by the International Organization for Standardization.
The standard reportedly calls for companies to publicly report on 23 specific metrics, and internally report an additional 36 metrics. The publicly reportable metrics are grouped into these nine categories:
- Ethics (number and type of employee grievances filed; number and type of concluded disciplinary actions; percentage of employees who have completed training on compliance and ethics)
- Costs (total workforce costs)
- Workforce diversity (with respect to age, gender, disability, and “other indicators of diversity”; and diversity of leadership team)
- Leadership (“leadership trust,” to be determined by employee surveys)
- Organizational safety, health, and well-being (lost time for injury; number of occupational accidents; number of people killed during work)
- Productivity (EBIT/revenue/turnover/profit per employee; human capital ROI, or the ratio of income or revenue to human capital)
- Recruitment, mobility, and turnover (average time to fill vacant positions; average time to fill critical business positions; percentage of positions filled internally; percentage of critical business positions filled internally; turnover rate)
- Skills and capabilities (total development and training costs)
- Workforce availability (number of employees; full-time equivalents)
Several of the internal-only reporting metrics purportedly fall within two additional categories: "organizational culture" and "succession planning."