Wed 10th Feb, HPA played host to an open discussion in London, attended by some of the major players in human capital. The likes of Jon Ingham, Maurice Phelps of PwC’s Saratoga, Philip Whiteley (Chair of Human Capital Forum), Carol Tighe of the Institute of Work Psychology, and Richard Taylor of the Association of Business Psychologists joined an intensive workshop to consider new models of measuring the value of people in organisations.
See our live updates on Twitter.
HPA Chairman, Dr Michael Reddy, led the event alongside Linda Hoskinson of People Resolutions and Laurie Bassi of McBassi & Co, who facilitated sessions that explored the bottom line value of conducting a People Risk and Culture Audit, as well as the business case for running a conflict investigation within the organisation.
Richard Taylor said afterwards: “You assembled an impressive group of people in a very stimulating environment for discussion. To address the kind of issues raised, what came through very clearly was that there is a huge amount of work to be done in creating awareness of the benefits which can be accrued.”
Some of the key points that came from the morning:
- HPA’s Audits are designed to add people factors to financial reporting in order to give a more accurate picture of the value of the business. Options for financial reporting are limited by the absence of people (“our biggest asset”) from the balance sheet and from a lack of precision of people costs (our biggest liability) from the P&L.
- It is equally difficult in and M&A situation for an acquirer to gain an accurate picture of the human capital value in the target organisation.
We’ll be following up on this instructive event with a free webinar on 24th March – stay tuned for more details or email [email protected] to register for early event announcements.
Our sister company, People Resolutions, is running a free Counting the Cost of Conflict event on 4th March; click here for details.
In the meantime, here are some photos from Wednesday’s event: