Professional Documents
Culture Documents
Overview
What
Key
Challenges
Methodology
Research
Key
Relevance Possible
future directions
Human
individuals
Input
measure of an asset has quantity and valuation dimensions dimension: educational attainment, work experience, skill level, test
Quantity
Cost - the value of resources devoted to human capital formation Yield methods - the value of output created in the production of human capital Two methods are same in theory but vastly different in practice
Key Challenges
Capital
economic theory
The
Many unknown factors that serve as inputs in the production of human capital
Data available does not directly measure the theoretical concept of human
capital The value of human capital has to be imputed
Kingfisher
Co-operative Group ltd Barclays Home Retail Group Vodafone Group
Research methodology
These organisations were selected randomly Large enough sample to gain an idea of the standard of the HCM reporting The criteria used in the research were using various existing reporting criteria and in-house expertise The criteria were split into three key groups
Strategic intent Governance and assurance Policy and performance
Research methodology
The percentage score in each group of criteria was worked out by calculating the percentage of the total possible number of points for that group
This technique was also used to calculate the overall percentage scores
Groups of Criteria
Strategic Intent - This group of criteria was concerned with disclosures on HCM strategy setting; key and material HCM issues for the business; evidence of engagement with employees on material issues Governance and assurance- This group of criteria related to evidence in the organisations report as to whether there was a robust governance structure in place to manage HCM and sustainability issues and a whistleblowing process for grievances to be aired Policy and performance - This group of criteria related to evidence that performance in material HCM areas was both managed and measured in terms of key performance indicators and narrative disclosures.
Average
human capital for men grew at 0.6% annually Average human capital for women grew at about 2.8% annually Overall average human capital grows at 1.3 % annually Narrowing gaps may be mainly due to Increasing labor force participation rate for women and decreasing labor force participation rate for men Narrowing gaps between male and female earnings
Significantly increased proportions of more-educated workers, in particular for women Annual growth rate of human capital stock for men is 2.0% between 1981-2001 Annual growth rate of human capital stock for women is a massive 4.2% between 1981-2001 Overall growth rate is 2.8% between 1981-2001
Construction
Construction
approach
Questions/Comments