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'Volume 1: Identifying the measures that matter most'. Based on research conducted among directors and investors, the report proposes a three-tier framework for human capital reporting. Measures of workforce capability for future performance: Volume 1 is based on research conducted amongst 259 senior directors and in-depth interviews with 20 investment houses. It shows inconsistent approaches to HCM measurement among organisations, but also reveals that both directors and investors would use HCM metrics if they were delivered on a dependable and comparable basis. Published in association with Oracle UK and the Centre for Applied HR Research at Oxford Brookes University (CAHRR), the report proposes a three-tier framework for human capital measurement and reporting. Designed to evolve over time, the framework starts with basic HR and workplace measures (such as employee profile statistics), graduating to comparable analysis (performance indicators) and finally to organisation-specific strategic measures of workforce capability (demonstrating alignment of capability to business strategy). The report also proposes the establishment of an employer-led group, the Human Capital Reporting Forum. Its aim would be to build on the work already begun in the area of HCM Reporting and drive the trialling and applications of measures across all industry sectors.
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