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New Human Capital Reporting Rules from the SEC

Performitiv,
Performitiv
October 25, 2020
Oct 25, 2020 7:00 PM
CST

In August of 2020, the SEC published new rules for human capital reporting of public companies. The rule requires human capital metrics for companies subject to SEC reporting requirements. It will continue to require reporting of employee counts, but encourages additional information, such as temporary, part-time and contractor counts too.

In summary, the new rule requires disclosures about human capital resources, including any human capital measures.  The rule references attraction, development and retention of personnel as three areas where human capital disclosures are to be reported.  As a result, the SEC suggests the below metrics as examples.  The below metrics are primarily activity or efficiency data that most organizations traditionally track anyway.

Attraction: Time to fill vacant position, time to fill critical vacant positions, percentage of positions filled internally, percentage of critical positions filled internally
Development: Development and training cost, percentage of employees who have completed training on compliance and ethics
Retention: Turnover rate

Based on the above, talent organizations now have another compelling reason to measure the effectiveness of onboarding programs, strategic programs like leadership development and the impact of learning that increases employee engagement.  Measuring the impact and outcomes of these strategic learning programs will augment the data above and really showcase the outcomes of realizing better recruiting, retention and engagement.Performitiv worked with leading organizations to create the Net Impact System, including the Impact Process Map. The model and map are the perfect roadmap for measuring attraction, development and retention impact. Contact us if you want to apply practical learning strategies - in real-time - to effectively measure strategic, visible and costly programs.  Reach out to us not only to learn how to better report learning impact on these items, but to use the data to create high performing workforces and to better support your SEC  reporting too.

Click here to read the SEC rule, and jump to page 44 for the section on Human Capital.

Thank you,

The Performitiv Team

[Video] How Having the Right Data Can Change the Conversation to L&D Impact
In Lesson #2 from Performitiv's Next Gen Learning leaders video series, JetBlue's Lauren Kramer describes how learning leaders can communicate to business leaders and help them understand the "what, so what and now what" around their learning programs. Amy Graft from Siemens explains how knowing your data and understanding impact can get you the seat at the table you're looking for.
[Video] How Having the Right Data Can Change the Conversation to L&D Impact
In Lesson #2 from Performitiv's Next Gen Learning leaders video series, JetBlue's Lauren Kramer describes how learning leaders can communicate to business leaders and help them understand the "what, so what and now what" around their learning programs. Amy Graft from Siemens explains how knowing your data and understanding impact can get you the seat at the table you're looking for.
Do You Want To Look Good Or Be Good?
For the vast majority of Learning organizations, our evaluation techniques have remained fairly constant over the past few decades. Most organizations use average scores to measure effectiveness. While average scores have value, they mask where we have failed to add value to participants and our organizations.
Do You Want To Look Good Or Be Good?
For the vast majority of Learning organizations, our evaluation techniques have remained fairly constant over the past few decades. Most organizations use average scores to measure effectiveness. While average scores have value, they mask where we have failed to add value to participants and our organizations.
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Blog Posts
5 min read

New Human Capital Reporting Rules from the SEC

Written by
Performitiv
Published on
July 6, 2022

In August of 2020, the SEC published new rules for human capital reporting of public companies. The rule requires human capital metrics for companies subject to SEC reporting requirements. It will continue to require reporting of employee counts, but encourages additional information, such as temporary, part-time and contractor counts too.

In summary, the new rule requires disclosures about human capital resources, including any human capital measures.  The rule references attraction, development and retention of personnel as three areas where human capital disclosures are to be reported.  As a result, the SEC suggests the below metrics as examples.  The below metrics are primarily activity or efficiency data that most organizations traditionally track anyway.

Attraction: Time to fill vacant position, time to fill critical vacant positions, percentage of positions filled internally, percentage of critical positions filled internally
Development: Development and training cost, percentage of employees who have completed training on compliance and ethics
Retention: Turnover rate

Based on the above, talent organizations now have another compelling reason to measure the effectiveness of onboarding programs, strategic programs like leadership development and the impact of learning that increases employee engagement.  Measuring the impact and outcomes of these strategic learning programs will augment the data above and really showcase the outcomes of realizing better recruiting, retention and engagement.Performitiv worked with leading organizations to create the Net Impact System, including the Impact Process Map. The model and map are the perfect roadmap for measuring attraction, development and retention impact. Contact us if you want to apply practical learning strategies - in real-time - to effectively measure strategic, visible and costly programs.  Reach out to us not only to learn how to better report learning impact on these items, but to use the data to create high performing workforces and to better support your SEC  reporting too.

Click here to read the SEC rule, and jump to page 44 for the section on Human Capital.

Thank you,

The Performitiv Team

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