Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading...
Transcript of Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading...
![Page 1: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/1.jpg)
Key HR Measures for Public DisclosureHuman Capital Reporting for Internal & External Stakeholders
Marianne Parry
2018 CTR Annual Conference February 22, 2018
![Page 2: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/2.jpg)
WelcomeMarianne Parry
Human Resources Business Partner
Deutsche Bank Joined Deutsche Bank’s
Global Standards for Human
Resource Management
Team in 2011, representing
the United States
![Page 3: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/3.jpg)
Agenda
3
Human Capital Reporting
Background
Key HR Measures
Current Status
Questions
![Page 4: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/4.jpg)
American National Standards for Reportable Human Capital
However, U.S. stakeholders at the time opposed this effort and the
project ended. But in 2011, things changed
4
In 2009 the Society for Human Resource
Management in conjunction with the American
National Standards Institute established a body
of experts who explored the development of an
American National Standard for Reportable
Human Capital.
Background
![Page 5: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/5.jpg)
Leadership
Dr. Stefanie Becker - Convenor Working Group Human
Capital Reporting, HR Strategy & Planning, Chief Operating
Office HR, SAP SE
Mr. Hilger Pothmann – Deutsche Bank Lead Sponsor
Lee Webster, Secretary, ISO Technical Committee 260
Human Resource Management
5
with
Experts from
![Page 6: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/6.jpg)
Key Achievements
6
2011: Initiated by Lee Webster, ISO launched the establishment
of ISO Technical Committee 260 'Human Resource
Management' Discussion: "Minimum effective standards"
Jun 2015: The German mirror committee to ISO, DIN, submitted
to ISO an application for Human Capital Reporting for
Internal / External Stakeholders to be standardized for
international reporting
Oct 2015: ISO TC 260 Approved this submission
Nov 2015: Dr. Stefanie Becker officially launched the new work item
proposal on Human Capital Reporting for Internal &
External Stakeholders with 8 other represented countries.
![Page 7: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/7.jpg)
Committee Structure
7
Reference Title
ISO/TC 260/CAG Chairman's Advisory Group
ISO/TC 260/CPT Communications Project Team
ISO/TC 260/TG 1 Business Plan Task Group
ISO/TC 260/TG 3 Sustainable employability
ISO/TC 260/WG 1 Terminology
ISO/TC 260/WG 2 Metrics
ISO/TC 260/WG 4 Workforce management
ISO/TC 260/WG 5 Recruitment
ISO/TC 260/WG 6 Knowledge Management
ISO/TC 260/WG 7 Human Capital Reporting
ISO/TC 260/WG 8 Diversity and inclusion
![Page 8: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/8.jpg)
ISO Technical Committee 260
8
Terminology
HR
Governance
Workforce
Planning
Recruiting
Knowledge
ManagmentImpact of Hire
Human Capital
Reporting
Diversity &
Inclusion
Workforce
Management
Assessment
of People Pt1
Candidate
Experience
Employee
Engagement
Completed (8) In Progress (9) Planned (2)
Human Capital Reporting project was initiated in 2015 via DIN under German management
Human Resource Management is responsible for these voluntary documents:
Sustainable
Employability
Cost Per Hire
Assessment
of People Pt1
Assessment
of People Pt2
Assessment
of People Pt2
Quality of Hire
Retention /
Turnover
![Page 9: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/9.jpg)
Countries Involved
9
![Page 10: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/10.jpg)
Participating Members (31)
▪ Australia (SA)
▪ Austria (ASI)
▪ Bahrain (BSMD)
▪ Barbados (BNSI)
▪ Belgium (NBN)
▪ Canada (SCC)
▪ Cyprus (CYS)
▪ Finland (SFS)
▪ France (AFNOR)
▪ Germany (DIN)
▪ India (BIS)
▪ Iran, Islamic Republic of (ISIRI)
▪ Israel (SII)
▪ Italy (UNI)
▪ Lithuania (LST))
10
▪ Malaysia (DSM)
▪ Netherlands (NEN)
▪ Nigeria (SON)
▪ Norway (SN)
▪ Pakistan (PSQCA)
▪ Portugal (IPQ)
▪ Romania (ASRO)
▪ Russian Federation (GOST R)
▪ Serbia (ISS)
▪ Slovenia (SIST)
▪ Spain (UNE)
▪ Sweden (SIS)
▪ Turkey (TSE)
▪ United Kingdom (BSI)
▪ United States (ANSI)
▪ Zimbabwe (SAZ)
![Page 11: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/11.jpg)
Observing Countries (22)
▪ Bhutan (BSB)
▪ Bolivia, Plurinational State of
(IBNORCA)
▪ Bulgaria (BDS)
▪ Congo, The Democratic Republic of
the (OCC)
▪ Czech Republic (UNMZ)
▪ Ghana (GSA)
▪ Indonesia (BSN)
▪ Ireland (NSAI)
▪ Japan (JISC)
▪ Korea, Republic of (KATS)
▪ Lebanon (LIBNOR)
▪ Mongolia (MASM)
▪ Montenegro (ISME)
11
▪ New Zealand (NZSO)
▪ Poland (PKN)
▪ Senegal (ASN)
▪ South Africa (SABS)
▪ Sri Lanka (SLSI)
▪ Switzerland (SNV)
▪ Thailand (TISI)
▪ The Former Yugoslav Republic of
Macedonia (ISRM)
▪ Viet Nam (STAMEQ)
![Page 12: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/12.jpg)
Why Standardize Human Capital Reporting?
Investors are HR stakeholders
Investors want to analyze the future of companies
Employees impact intangibles
Employee capability drives intangibles
Intangibles impact market value
HR lacks global Standards
12
Global Human Capital Reporting Standards provide a
benchmark for company‘s long-term capabilities and
human potential for sustainable growth.
Defining a framework of measurable Human Capital
Reporting Standards for Internal & External
Stakeholders:
Facilitates the ability of an organization to better
manage its people, and its processes
Better predicts future states of an organization,
Leading to better ability to manage and predict
shareholder value
?
![Page 13: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/13.jpg)
Why HCR is Important
13
Increase of interest of External
Stakeholders (investors) for intangible
assets (human capital)
People make the difference!
In comparison to financial reporting,
no standards for HC Reporting exist
inability to benchmark
Noticeable increase in strategic
relevance of HC Reporting (internally:
more data-driven decisions like people
analytics; externally: investor benefit of
transparency)
Legal requirements
But WHY and HOW do you measure it?
![Page 14: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/14.jpg)
14
HC Reporting & Investors Investors and Capital Market
Correlation between market value and
return of listed companies is barely
relevant.
Consequence: realistic valuation of
equity and debt capital is difficult
Investors / lenders want to know to
what extent processes and structures
of an organization - especially when
employing personnel - are geared
towards ensuring future viability, in
other words sustainably generating
profit and growth
Intangible corporate values become
visible and therefore assessable
through Human Capital Reporting
* Stock index, which includes the shares of 500 of the
largest listed US companies
In the US alone there are approximately
12.4 million businesses with >1 employee
Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the
leading stock exchange in the world. The exchange trades stocks for some 2,800 companies,
ranging from blue chips to new high-growth companies
![Page 15: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/15.jpg)
HCR Recommendations
15
InternalExternal
Human
Capital
Reporting
(HCR)
Identification of HR Activities strengths & weaknesses
Sustainable improvement of HR activities
More data-driven decisions (connection to finance)
Transparency of peoples‘ value contribution
Ability to benchmark Human Capital on an international scale
Inclusion of Human Capital Risks & Opportunities
Information about how companies will achieve future growth
Comparisonbetween employers and working conditions (culture, career & development opportunities)
Transparency about future stability of the organization
Understand people related opportunities and risks
Better understand how organizations handle their people
Transparency about peoples‘ value contribution
Guidance to fulfill legal requirements
Transparency on Human Resource Policies Strengths & Weaknesses
Opportunity to invest capital
Data-based decision making
Comparable benchmarks about Human Capital on a global scale
Ensure future safeguarding
Check strategy fit (HR activities and corporate strategy)
Capital
Market
Potential
Employees
Society
Policy
Gov’t
Employee
/ Workers
Council
Management
Human
Resources
![Page 16: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/16.jpg)
HCR Process
16
Establish Guiding Principles:
Focus on HC Area Metrics aligned to
Organization’s Leadership Direction
Ensure relevance to Organization
Sector, Type, Size
Transparency of Reporting
Identify Target Groups & Stakeholders
Define Data Collection Tools & Process
Reporting Structure – distinguish between
Internal & External Reporting w/relevant Metrics
Risk Management - include risks & opportunities
for each reported area
Report Quantifiable Metrics to relevant HC
Issues
Reporting Document – identify suitable reporting
document that can be used for internal &
external reporting (HR Report)
Inputs ActivitiesOutputs /
Outcomes
People Investment Employee-Life-Cycle People Outcomes
HCR Guidelines based on traditional HCR Framework comprised 3 Components:
Report at regular frequency
![Page 17: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/17.jpg)
HC Reporting Framework
17
![Page 18: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/18.jpg)
Key HR Measures
18
![Page 19: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/19.jpg)
Key HR Measures 1 of 5
19
![Page 20: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/20.jpg)
20
Key HR Measures 2 of 5
![Page 21: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/21.jpg)
21
Key HR Measures 3 of 5
![Page 22: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/22.jpg)
22
Key HR Measures 4 of 5
![Page 23: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/23.jpg)
23
Key HR Measures 5 of 5
![Page 24: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/24.jpg)
Current Status
24
June 2017: WG7 completed first draft of ISO Standard 30414
Nov 2017: TC 260 approved the draft of ISO Standard 30414
for international review & comment
Jan 2018: International comment period open thru April 3rd
Spring 2018: Review of comments in preparation of the Final
Draft International Standard (FDIS) 30414
Summer 2018: Publication of Draft International Standard (DIS)
30414
Fall 2018: Publication of ISO Standard 30414
![Page 25: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/25.jpg)
Your Opinion Matters
You can influence this
standard’s development
This draft is available for your
viewing / public comment at:
25
https://isostandards.utmb.edu/highe
rlogic/ws/public/document?documen
t_id=7850&wg_abbrev=ustagtc260
![Page 26: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/26.jpg)
Helpful Links
▪ Learn more about standards
▫ https://www.standardslearn.org/
▪ Learn more about ISO
▫ https://www.iso.org
▪ Learn more about TC 260
▫ https://www.iso.org/committee/628737.html
▪ Learn More about ANSI
▫ https://www.ansi.org
![Page 27: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/27.jpg)
Other Questions or How to Join US TAG for TC 260
Lee S. Webster
Director, Standards Development
Secretary, ISO Technical Committee 260 Human Resource Management
Secretary, US TAG for TC 260, Healthcare Management Institute (HMI)
University of Texas Medical Branch
Shearn - Moody Plaza, #7157
Galveston, TX 77554
(409) 772-0830 Office
(703) 867-0721 Cell
http://hmi-online.org
www.utmb.org
![Page 28: Key HR Measures for Public Disclosure€¦ · 12.4 million businesses with >1 employee Trading approximately 1.46 billion shares each day, the New York Stock Exchange is the leading](https://reader033.fdocuments.us/reader033/viewer/2022060404/5f0eec427e708231d4419a6c/html5/thumbnails/28.jpg)
28