Human Capital Disclosure Rules: Getting Your Company Ready | PWC – CFO Direct

HR Effectiveness

In light of the SEC’s new human capital disclosure requirements designed for firms to give stakeholders insight into human capital, I have provided several resources over the past months as firms prepare. A few of these resources include 1) a webinar by Mercer, 2) an article from Visier, and most recently, last week, 3) an article by Harvard Law School Forum on Corporate Governance, which examined the HCM themes of the first fifty 10-Ks filed, and 4) a report by The Conference Board. As I continue to get several requests for other resources, here is an additional article by PwC that can help firms evaluate which objectives or measures to disclose to comply with the principles-based requirements and meet investor and regulator expectations. Among the various insights are 11 human capital areas that firms can report on, including the number of employees in wellbeing programs, revenue or profit per employee, and total workforce costs/labor costs per FTE, to name a few. Since firms may face challenges in obtaining, analyzing, and reporting on the data, the resource includes a chart on how firms can overcome a few of these challenges. As a bonus resource, here is a 35-minute podcast that was recently released by PwC’s Accounting Podcast, titled New SEC Human Capital Disclosure Rules: What You Need to Know Now

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