MARINA DEL REY, Calif.--()--Regulatory commissions, such as the Securities and Exchange Commission (SEC), require extensive disclosure regarding all major assets including financial, physical, and technological or intellectual property. However, they do not require disclosure of a company’s largest annual operating expense and their stated “most valuable asset”: human capital.
“Human Capital Financial Statements represent far more than a set of reports. They are a clear, quantitative, standard – a surgical tool - that provides insight for investors and proactive management tools for company senior leadership. By using data instead of gut instinct, organizations can better manage the workforce.”
Human capital and talent management create intellectual capital, competitive advantage, and major costs. Therefore, human capital should be reported as a part of public financial statements. HCMI’s Human Capital Financial Statements (HCF$™) provide a standard means with which to measure, report and disclose a company’s human capital. Now for the first time, the workforce can be valued and articulated as a critical factor of company success, allowing investors to make better investment decisions.
Jeff Higgins, CEO of HCMI, states: “Human Capital Financial Statements represent far more than a set of reports. They are a clear, quantitative, standard – a surgical tool - that provides insight for investors and proactive management tools for company senior leadership. By using data instead of gut instinct, organizations can better manage the workforce.”
Organizations that adopt HCF$™ gain greater workforce insight; a critical advantage in today’s knowledge capital driven market. These companies will also have the ability to make better informed strategic workforce decisions by trending shifts in workforce productivity, costs, and value creation. Human Capital Financial Statements definitively quantify total workforce costs and value, highlight productivity differentials and value contribution for different job roles, and identify HR programs and contributions that create value.
“HCMI’s Human Capital Financial Statements represent the endpoint to standardize measurement and enable comparison of human capital performance across industry, and geography,” states Dr. Jac Fitz-enz, CEO, Human Capital Source; also known as the father of workforce analytics.
HCMI’s Human Capital Financial Statements whitepaper and case study are now available. Visit http://www.hcminst.com to sign up for a webinar or learn more about how HCMI is changing the face of Finance and HR.
The Human Capital Management Institute was founded on the belief that organizations can, and must, find better ways of measuring their investments in human capital. Serving global and domestic clients, HCMI delivers advanced workforce intelligence training, assessments, consulting, and advanced analytics and workforce planning modeling tools.