Human capital topics are making their way to the table. Business leaders are diving deeper to better understand human capital and to establish dynamic strategies that would enable all stakeholders to thrive. Here is a collection of Will International’s human capital articles written by our Managing Director Strategic Growth, Technology and Talent Solutions Caleb Baker.
Measuring and reporting financial metrics to prove the return of investment (ROI) of human capital proves to be an ongoing challenge for HR leaders. In the modern workforce, there are emerging directions and opportunities on how to define human capital metrics in financial terms. To realise this would enable a complete shift in the thinking, investment and overall design of work, the workplace and employee engagement for future generations. Financial capital, and its use, continues to dominate business strategy, employee management and economic models. As we pivot our focus to the future of work and the workplace, we also unlock ways to maximise the value of human capital.
As Human Capital Management (HCM) leaders forge their way into the boardroom, we are also seeing ESG (Environmental, Social and Governance) factors increasingly influence organisations in rethinking corporate decision making and risk evaluation. Just like human capital, utilising and understanding ESG in its many forms is crucial for organisations looking to brace the future of work and the rewards it can deliver.
Human capital (HC) is vital to the DNA of how we do successful business in the present, and the future. Human capital reporting has now become less of an operational requirement and far more of a strategic imperative. For organisations to ensure they are building a truly sustainable business they must be able to report, interpret and make decisions from their human capital reporting. To achieve this, organisations must define which human capital metrics are important in measuring culture and performance. They need to be able to measure them effectively and efficiently. Then most importantly, make key people decisions that bring the most positive impact on all stakeholders. Identifying these metrics or indicators allow organisations to fully understand human capital, in more than just financial and operational terms. Understanding these metrics is pivotal in the agenda of bringing HR and human capital to the boardroom and transitioning from a purely financial and shareholder-centric framework to an all stakeholders approach to build the future of work.
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As AI (artificial intelligence) integration in the recruitment process becomes more extensive, value for both organisations and hiring teams is growing stronger. Ethos BeathChapman (EBC), one of Will’s hero brands with a global presence in executive recruitment solutions, is seeing impactful results with this type of technology investment. For EBC, the possibility that recruitment as an industry is well on its way through an AI-driven transformation is becoming a reality. We’ve interviewed EBC Asia’s Director, Hamza Mush, to get more insights as to why AI is considered an accelerator for winning the war for talent.Read more
HR Insights and News
HR being a strategic leader is imperative in the future as it is in the present. State of work will continue to deal with unprecedented disruptions and changes that is why it is more important than ever to embrace business and workforce sustainability. HR itself is in the midst of a major transformation that would redefine how organisations should take care of their people, especially their employees.Read more
HR Insights and News
Jobs and skills are evolving. The need to reskill and upskill employees are no longer just a trend. Organisations are concerned about the lack of skills their workforce needs to thrive in the future. Relevant skills strategies for employees are top of the agenda among business leaders today, especially for HR executives.Read more