As the European Commission is preparing its renewed sustainable finance strategy, including the revision of the Non-Financial Reporting Directive, ACCA and the Adecco Group are delighted to invite you to a Chatham House rule interactive webinar to brainstorm on 'Accounting for human capital'.
The Covid-19 pandemic has made it abundantly clear how the success of any organisation is dependent on its workforce, and has demonstrated how important it is for employers to invest in this human capital.
In our global, fast-evolving, digitalised world, it is becoming increasingly harder to find talent with key skills. Even as an economic crisis looms and unemployment is set to rise, skills gaps may still persist.
Investment in internal training and development can help tackle these issues, but companies may not prioritise such initiatives because of factors like cost, time, the unclear return on investment, and the risk that employees could (still) leave. Most current accounting frameworks do not enable businesses to estimate the value that human capital investments create for the company, or to recoup any expected returns. If training can only be listed as a cost, businesses wishing to appease (more traditional) shareholders lack incentives to invest in the long term.
Alternative measurement and reporting frameworks, which show the connection between currentintangible value investments – such as human capital – and profit, are gaining ground with companies and stakeholders. This is spurred by increasing interest from investors that are beginning to demand more effective disclosure of human capital information of portfolio companies to more holistically understand and assess their long-term value creation and potential risks to it.
10.00 Welcome by Menno Bart, Public Affairs Manager, the Adecco Group & Cécile Bonino, Head of EU Affairs, ACCA
10.10 Short presentations from: