EY’s review of 143 S&P 500 company Form 10-Ks filed from November 8, 2020 (the effective date of the new SEC human capital disclosure requirement) through February 15, 2021, revealed trends and takeaways consistent with other benchmarking reports with the added benefit of industry-specific data.
As previously reported (see, e.g., here and here), DE&I-related disclosures were the most common, with most companies including at least qualitative disclosure and more than 25% including quantitative gender and ethnicity data or metrics. Key disclosure themes, which are further detailed in the report, are depicted here:
Overall, while qualitative disclosure predominated, approximately 2/3 of companies included at least one specific data point or metric in addition to the number of employees.
The disclosure themes of compensation philosophy and employee engagement/surveys showed the greatest variability across industries, addressed by about 80% of communication services and real estate industry companies compared to no companies in the materials and utilities industries. However, employee safety was discussed at a much higher rate among, e.g., consumer staples, utilities, materials, industrials, and energy companies compared to communication services and real estate industry companies.
See this FEI article and additional resources on our Human Capital/Workforce Management page.
This post first appeared in the weekly Society Alert!