Elevating People Success as a Business Priority The Evolution of Human Capital Reporting Requirements The rules of reporting and disclosure requirements had remained unchanged in the last 30 years, yet business, the economy, and the workforce environment changed markedly in that time. In the 1990s, management approaches were primarily top-down and people stayed in their companies for life with a mindset that a “good job” meant moving up a slow, steady trajectory of promotions with a stable organization, then retiring at the age of 62. In the meantime, the organization’s approach toward people and culture has shifted dramatically. High-performing companies no longer see people merely as “personnel” that needs to be managed like inventory, aiming to minimize cost.

Join for free to read