This webinar brings together leaders in human resources and human capital analytics to highlight the significant opportunity for HR management to play a true strategic role in organization management, metrics, and public disclosures. The panelists will discuss the scope of the opportunity; what can HR do to profit from it, what skills they will need and the next steps.
This is the first in a new EEA Zoom show on Stakeholder Capitalism in Action specifically designed to help organizations translate talk into action.
Moderator: Bruce Bolger, Founder of the Enterprise Engagement Alliance at TheEEA.org.
• Amy Armitage, Chair, Human Capital Investment & Reporting Council, Program Director The Conference Board
• Sonia Consiglio Favaretto, UNGC SDG Pioneer/Chair of the Global Reporting Initiative Brazil Advisory Board/ Vice-chair of the CDP Board
• David Ulrich, Speaker, Author, Professor Thought Leader on human resources management, leadership, and organizational management.
• Laura Queen, EdD, CEO, 29Bison.com, a mid-market M&A advisory firm focusing on human capital risk analysis, with 20-plus years in HR management.
About the Program
The Covid-19 crisis is accelerating a trend already well under way: the need for CEOs to have a strategic and systematic approach to human capital management and metrics that engage all stakeholders—employees, customers, distribution and supply chain partners, and communities, etc.—in the organization’s brand, culture, goals and objectives. Over the last year, the World Economic Forum, the Business Roundtable, the Embankment Project led by the Rothschild family; Larry Fink of Blackrock; the hedge fund investor Paul Tudor Jones and his Just Capital outreach group—have all espoused a new charter for capitalism that focuses on achieving sustainable organizational goals by strategically addressing the needs of all stakeholders, not just shareholders. At least $17 trillion in investment capital is now focused on ESG (Environmental, Social, Governance) investing, and ESG funds have not only outperformed the general indices during the recent crash and over the last eight years, but more money is flowing into them since the Covid-19 crisis than any other category, according to Morningstar.
Over the last two years, the SEC has proposed new rules for human capital disclosures by public companies based on its chairman’s belief that human capital is material to performance; human capital disclosure requirements have now taken effect in 26 European countries, and two bills have been introduced in Congress requiring human capital disclosures by large companies.
Now, as a result of the Covid-19 crisis, CEOs have been confronted with the reality that people really are their No. 1 asset, for without them their balance sheet assets are worthless. A key challenge for CEOs right now will be to make sure they have the people resources and commitment to win back all the talent, customers and other partners that temporarily went away and who are now up for grabs.
What many leaders lack is any training on how to develop and implement a strategic and systematic human capital plan with clear metrics and a measurable way of engaging all stakeholders in the organization’s brand, culture, and goals.
Four experts will share their insights on how HR can profit from this unprecedented convergence of trends favoring a new focus on people and what will be required.
Sponsor: The Enterprise Engagement Alliance at TheEEA.org, the world’s only organization dedicated to promote the application of Stakeholder Capitalism through:
• Information distributed through its online trade publication ESM at EnterpriseEngagement.org, with a monthly audience of 20,000 professionals worldwide, and the only Enterprise Engagement marketplace of solution providers at EEXAdvisors.com.
• The first learning and certification program for Enterprise Engagement.
• The first certification programs in ISO human capital management standards at TheICEE.org.
• The Engagement Agency business development and implementation advisory service.