Enhance Your Human Capital Reporting (HCR) with ISO 30414 Expertise
Our ISO 30414 expertise empowers you to measure, manage, and report on your human capital, drive performance, enhance transparency, and maximise ROI.
What is ISO 30414?
ISO 30414 is the global standard providing guidelines for internal and external Human Capital Reporting (HCR). Its primary objective is to enhance the transparency of human capital contributions across all organisations, irrespective of industry or business complexity. This standard assists organisations in measuring, managing, and reporting on their workforce effectively and with increased accountability.
The ISO 30414 standard provides a robust framework for human capital reporting, encompassing 58 measurable metrics across 11 distinct human capital areas.
- Compliance and Ethics – adherence to legal and ethical integrity in managing human resources.
- Costs – human capital expenses, including training salaries and benefits.
- Diversity – diversity across workforce demographics.
- Leadership – effectiveness of leadership and development.
- Organisational Culture – values, beliefs, and behaviours defining the workplace.
- Organisational Health, Safety, and Well-being – workplace safety, physical and psychological health of employees.
- Productivity – employee efficiency and effectiveness/human capital ROI.
- Recruitment, Mobility, and Turnover – job openings, hiring timeline, applicant pool size.
- Skills and Capabilities – workforce competencies and abilities.
- Succession Planning – strategies for identifying and developing future leader.
- Workforce Availability – availability of qualified employees to meet organisational needs.
The guidelines and associated areas of human capital reporting apply to various stages of the employee lifecycle (ELC).
- Attraction: Attracting a diverse and skilled workforce requires investment in branding, benefits, and promoting a positive and inclusive organisational culture.
- Recruitment: Efficient and effective recruitment processes are essential for managing costs and ensuring the availability of a diverse and qualified workforce.
- Onboarding: Effective onboarding integrates new hires into the company culture, code of conduct, ensures compliance and safety, and equips them with necessary skills.
- Development: Continuous development enhances employee skills, leadership capabilities, compliance, productivity, and prepares them for future roles.
- Retention: Retention strategies focus on maintaining a positive culture, effective leadership, continuous development, and ensuring employee well-being to keep employees engaged and committed.
- Exit: Understanding and managing the reasons for employee turnover and associated costs is essential for improving retention, succession management and planning for future recruitment.
- Alumni: Maintaining positive relationships with former employees can enhance the company’s reputation and leverage alumni networks for referrals and advocacy.
Why ISO 30414 Matters to your Organisation:
It is relevant to all types of organisations—private, public, and non-profit—and standardises how human capital is measured and reported, similar to financial reporting. Stakeholders, including boards, investors, employees, and customers, demand more accountability in human capital management. The standard aids in evaluating and enhancing workforce sustainability by ensuring the right personnel with appropriate skills are in optimal roles.
- Provides guidelines on standardising human capital metrics, ensuring consistency, comparability, and facilitating benchmarking.
- It emphasises the growing role of analytics in human capital reporting, promoting data-driven insights for transparency and strategic decision-making.
- Promotes trust with stakeholders through transparent reporting on human capital management practices.
- Advocates sustainable practices, including fostering a positive workplace culture, diversity, and well-being, essential for meeting ESG social criteria.
- Encourages responsible leadership by integrating human capital management into overall governance, supporting long-term sustainability.
- Supports the broader aims of the Sustainable Development Goals (SDGs), focusing on human well-being and equitable, sustainable development.
- Enables the board’s understanding of the true cost, value, and impact of their companies’ workforce.
- Empowers the board to confront the "elephant in the boardroom" fostering open conversations about critical human capital issues that are often overlooked.
- Aligns human capital with business strategy, ensuring workforce capabilities and investments support key objectives.
- Promotes fair and transparent practices, enhancing employer branding and employee satisfaction.
The Relevance of ISO 30414 Human Capital Disclosure
Human capital disclosure requirements are being introduced and strengthened as numerous regulatory bodies globally demand more transparency from companies on the disclosure of all major assets. Not just financial or physical assets, now human capital.
- ISO 30414 provides a structured approach to human capital reporting and disclosure, aligning ESG goals with effective human capital management.
- It identifies crucial metrics like productivity, diversity, skills, and culture which are increasingly important for socially responsible investors.
- Human capital risks are material, and ISO 30414 helps companies fulfil their duty to disclose them.
- Quantifying human capital enables informed talent decisions, optimising workforce strategies and boosting competitiveness.
- ISO 30414 fosters transparency by providing standardised metrics and disclosures, allowing investors to make informed decisions.
- The standard encourages companies to move beyond cost considerations and focus on maximising the value that their human capital creates.
- Investing in human capital, as guided by ISO 30414, can significantly increase EBITDA and overall company performance.
Our ISO 30414 Services
Elevate your human capital reporting and gain a competitive edge in today’s dynamic business environment We help organisations harness the power of people analytics and implement ISO 30414, the global standards for human capital reporting in partnership with HR Metrics, transforming your workforce data into milestones of organisational commitment and conscientious investment. Our services include:
Certifications & Workshops
Certify your HR professionals with the knowledge and skills to successfully implement and maintain ISO 30414 reporting practices.
Gap Analysis & HCR Review
Assess your current HCR practices against the standard to identify areas for improvement and develop an action plan to address the gaps.
Preparation for Conformity Assessment
Ensure that all identified gaps in human capital reporting practices are addressed and updated to meet ISO 30414 standards and organisational certification.
Why choose us
Our team of experienced consultants has a deep understanding of ISO 30414 and human capital management best practices. We’ll guide you through implementing key interventions and achieving compliance with international standards, providing you with the insights you need to make data-driven decisions and reveal the true value of your workforce.
