Human capital management is not a priority for HR

One year on from the publication of the Accounting for People report, human capital management has yet to become a priority for many HR practitioners, according to new research.

The study, from Personnel Today and Deloitte, found that some 27% of senior HR professionals surveyed do not measure human capital. Of those that do not, 42% say that they do not perceive the measurement of human capital as a priority for their business.

Elsewhere, only 21% regard 'being able to adhere to the Accounting for People taskforce recommendations' as a key benefit of human capital reporting. This is in contrast to 'the ability to evaluate the contribution of HCM to overall organisational performance', identified by 77% of respondents as a key benefit.

  • People still a low priority for UK plc   and Business must use delay to make sure people count
  •   Personnel Today's Mike Berry presents the key findings of the research.

  • Is HCM dead in the water?   The Accounting for People report promised much, but delivered little, argues Stephen Overell. From Personnel Today.

    Also

    All counting for nothing   The Government's commitment to human capital management standards is undercut by hollow language and a failure to offer hard measurements. By Stephen Overell.

    Human capital reporting: proving the value of people  Writing in IRS Employment Review, Rachel Suff investigates whether employers are ready for the new human capital reporting requirements, and explores the range of available measures for demonstrating the value of human assets.

    People strategy vital part of UK annual accounts  Personnel Today reports.

    HR must act now on human capital management and Human capital proposals open doors for HR  HR & Compliance Centre provides links to extensive resources on what human capital management means for HR, and on the Accounting for People taskforce report which proposed the need for a formalised system of human capital reporting.