Human Capital Frameworks | TPAP 006

What if publicly-listed companies had to report their HR metrics like talent capability and training costs in the same way that they reported profit-to-earnings and material investment? It might sound unrealistic to some, but that view is not shared by the UK government, which has been working with the CIPD, CIMA and several other organisations on a project that aims to achieve precisely that. The ‘Valuing your Talent’ initiative was the brainchild of Dr. Anthony Hesketh, professor at Lancaster University, and Peter Cheese, head of the CIPD. Dr. Hesketh went on to write the seminal paper that gave birth to the movement, which is slowly gaining momentum among businesses and professional associations. Max Blumberg talks with Anthony Hesketh about this project, and also with Krysta Gough, who has been working with the CIPD, along with several others (Max included), to help design and implement this coming shake-up in how business views and measures its human capital. Key questions they will answer: Why is a human capital framework important, and who benefits? How did ‘Valuing Your Talent’ arise as a concept? What has been the response from industry so far? What kind of challenges/obstacles/resistance are being faced? Will we achieve standardisation when it comes to people metrics? Why should companies get involved with VyT? And how can they get involved?