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.
Follow Will International on LinkedIn for more insights about human capital and other important HR topics affecting the world of work today.
HR Leadership, HR Insights and News
According to several surveys, millions of employees all over the globe are planning to leave their jobs in the coming months. The Covid-19 pandemic exposed poor management and engagement practices among organisations that led to a talent exodus, and many are afraid that it will keep going. Executives are going back to the drawing board to develop strategies to retain their top employees or attract new top employees. Is it possible that the answer is in front of us all along? It is. Authentic, impactful, and proactive employee experience starting from the candidate stage until the establishment of career transparency could, in fact, be the answer to avoiding staff resignations.Read more
HR Insights and News
As organisations design strategies to become more sustainable, they are rarely focussing on human capital. However, research and common sense show that the most significant opportunity to achieving business sustainability is engaging and investing in people.Read more
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