Businesses fail to include staff impact
More than two in five British companies are failing to measure the impact employees have on their business, with a fifth of large companies never expecting to include it in their annual reports.
Link: UK accountants could ‘audit’ staff
According to a new study, companies are still not seeing the issue as a priority despite a concerted push from government, the potential inclusion of a requirement to report on it in the Operating and Financial Review, and the significant employment costs to most organisations.
The survey carried out by Deloitte found that many organisation still have a long way to go to achieve the aims of a government’s taskforce set up last year to look at measurement techniques and approaches.
Brett Walsh, a human capital consulting partner at Deloitte, said: ‘With employment costs typically accounting for between 40% and 67% of most organisations’ cost base, we continue to be surprised that meausring the value of human capital is so low on most companies’ business agendas.’
However, Walsh conceded the issue could have slipped down the agenda because of the raft of new, more pressing regulation.