SABPP steps up to the challenge of developing a human capital reporting framework by Prof Theo Veldsman and Dr Penny Abbott
Building on the launch of the National HR Management System Standard and its Audit Framework, over the last six months, a small project team of volunteers from academia and practice has been working hard in the SABPP offices to come up with a meaningful human capital reporting framework. Work in this area from the South Africa and the rest of the world that informed the team included:
- The CIPD and Chartered Institute of Management Accountants Valuing Your Talent work in the UK;
- Early stage work from the US on HR metrics for investors;
- Statistics produced by the research unit of the Institute for Race Relations (CRA) in the South Africa Survey
- The Standard HR Metrics report from the Corporate Leadership Council.
Prominent Human Capital researchers in South Africa, Professors Theo Veldsman (UJ), Gregory Lee (WBS) and Ina Rothmann (NWU) joined Zia Atlee (Knowledge Resources) and senior practitioners including Maropeng Sebothoma (SARS), Deon Pieterse (ARM), Tracy Harper (EOH), Elsabe Bell (Britehouse), Paul Pretorius (Hebron), Reuphillan Kasselman (Forte Advisory Services) and Anthea Saffy (Anglo Platinum) in this innovative and intensive concept development process.
The difference between our SABPP work and other HR metrics projects around the world is that our metrics work is based on the HRM Standards rather than free-floating metrics. Other HR metrics projects in other countries have failed when these frameworks were presented in a vacuum. Because the South African human capital reporting framework is based on the HRM Standards, it forms a cohesive part of the overall Standards project, along with the HR Audits launched last year. SABPP CEO, Marius Meyer, points out that the human capital reporting framework will support better evidence-based decision making by HR practitioners.
The team has successfully delivered the concept for the framework, which will be presented at the 3rd National HR Standards Roll Out in Sandton on September 17th. After that, in true SABPP collaborative style, a period of consultation within the profession and with other stakeholders will be conducted before an implementation road map is prepared. The final output of this project will be a full set of HR metrics for South Africa.
Prof Theo Veldsman is Chairperson of the Department of Industrial Psychology and People Management at the University of Johannesburg. Dr Penny Abbott is Head of Research and Project Leader of the National HR Metrics Working Group. You can download the HR Standards programme and booking form for 17 September from www.sabpp.co.za