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Human capital standards: Valuing the
people who make organisations work
Wilson Wong
SABPP 2nd National Standards Conference
Johannesburg, SA
28th August 2014
South African futures
futuristablog.com
Human resources or capital?
Individual human capital
Economic inactivity
Skills and knowledge
obsolescence
Long-term illness
Lack of opportunity
Oppression/ discrimination
Education/ Training
Life/ Work experiences
Networks
Potential to learn & adapt
Economic activity
The people value eco-system
Value
creation
Human capital
Deployment and
optimal
utilisation
of capitals Enabling systems
(e.g. governance;
institutional
trustworthiness;
infrastructure)
BS76000
• Feb 2014. Human capital standards committee, British
standards Institute
• BS76000: Management system for valuing people in
organizations ̶ Requirements
• BS76000 public comment 1st October for 100 days
• Expected publication 1st June 2015
• Invitation to be part of a wider international
consultation
6
7
Global HR?
Internationalisation
of HR
Competencies/
Body of
Knowledge
Academic and
market
credibility of
the assessment
Internationally
accepted
frameworks
and standards Organisational
measurement:
human capital
metrics
Value to other
business areas
Thank you
9
Wilson Wong
w.wong@cipd.co.uk
@drwilsonwong
5-6 November 2014

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Global Keynote Address: Dr Wilson Wong, CIPD, UK

Editor's Notes

  1. Mont Fluer Ostrich – in which a negotiated settlement to the crisis in South Africa is not achieved, and the country’s government continues to be non-representative; Lame Duck – in which a settlement is achieved, but the transition to a new system is slow and indecisive; Icarus – in which transition is rapid, but the new government unwisely pursues unsustainable, populist economic policies; and Flight of the Flamingos – in which the government’s policies are sustainable, and the country takes a path of inclusive growth and democracy. http://futuristablog.com/wp-content/uploads/2013/04/Schermafbeelding-2013-04-21-om-16.00.57.png
  2. ONS: Human capital puts a monetary value on the knowledge, skills, competencies and attributes of a person. All of these factors enable individuals to work, and therefore produce something of economic value.
  3. Human capital interacts with capital and infrastructure to generate value. Integrated Reporting Council 6 Capitals Framework: Financial; Manufactured; Intellectual; Human,; Social; Natural
  4. Developing behavioural metrics? Curriculum and competency overhaul Cross recognition: AHRI Partnerships: CIMA etc. For global HR competencies – Symposium, crowdsourced