Events of 2020 accelerated organizational focus on their workforce. There is a greater interest in examining the relationship between workforce programs and corporate performance. There is a greater expectation of transparency and public disclosures of workforce related information. The recent ruling from US Securities and Exchange Commission (SEC) added to the crowded space of measurement and reporting frameworks (such as International Integrated Reporting Council, International Standards Organization, Sustainability Accounting Standards Board, etc.) The SEC replaced the narrow mandatory rule to disclose the number of employees with the requirement that “to the extent such disclosures would be material to an understanding of the registrant’s business taken as a whole,” companies must provide a “description of the registrant’s human capital resources, including the number of persons employed by the registrant, and any human capital measures or objectives that the registrant focuses on in managing the business (such as—depending on the nature of the registrant’s business and workforce—measures or objectives that address the development, attraction and retention of personnel)”.
How should the determination about materiality be made? What is the criteria and the process by which the decision on what should be disclosed is made? What should be disclosed in more qualitative, narrative terms vs in more quantitative ones? How should the relationship between the two be represented? How do you determine what measurements to focus on? How do you make sense and reconcile requirements across different frameworks? What are the expectations of investment community in terms of materiality? What information the Board of Directors needs to ensure it fulfills its role as it relates to the human capital management? What your senior leadership needs to know to ensure the workforce related outcomes are tracked and managed appropriately?
These and many more related questions are important areas where People Analytics practitioners will inevitably be involved and have to provide data, insights, and help the HR and business leaders quantify the results.
We are thrilled to introduce our panel of experts who will help us answer some of these questions:
- Mary Morris, Investment Officer at California State Teachers Retirement System (CalSTRS) - Dr. Solange Charas, co-author of The Conference Board Report "Brave New World: Creating Long-term Value Through HC Management and Disclosure." - Larry Beeferman, the co-author of the "The Materiality of Human Capital to Corporate Financial Performance" and
Join this event to dive into different aspects of disclosure requirements, the growing importance of human capital management, and effective ways to get involved in communicating and disclosing human capital management related information.