ISO 30414 Human Resource Management Guidelines for Internal and External Human Capital Reporting
ISO 30414 provides guidelines for internal and external human capital reporting (HCR). The objective is to consider and to make transparent the human capital contribution to the organization in order to support sustainability of the workforce. It 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 aims to provide meaningful, comparable, and consistent data to boards and investors about human capital. If this helps bring serious investor attention to human capital it will bring a new energy to the HR function.
The human capital standard covers core HR areas such as:
- Compliance and ethics;
- Costs;
- Diversity;
- Leadership;
- Organizational culture;
- Organizational health, safety and well-being;
- Productivity;
- Recruitment, mobility and turnover;
- Skills and capabilities;
- Succession planning; and
- Workforce availability.
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