Human capital encompasses the total experience, expertise, and talents of an organization, as well as the impact it has on the organizational mission. Human capital assessment enhances the capacity of an enterprise to handle people, one of the most critical resources and challenges. Research demonstrates that companies that do not manage their human resources can affect the company’s capacity and potential to produce long-term and sustainable value achieved by their employees.
ISO 30414 provides guidelines for internal and external human capital reporting (HCR). The aim of this standard is to make the human capital investments and returns transparent to establish a successful work culture and improved use of resources. This standard is applicable to all organizations, regardless of the type, size, nature or complexity of the business, whether in the public, private or voluntary sector, or a not-for-profit organization.
This standard provides guidelines on the following core HCR areas:
Benefits of ISO 30414:
The advantages of a structured human capital reporting (HCR) include:
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