At a recent PricewaterhouseCoopers / Saratoga conference held in London, 79% of HR Directors surveyed said they believed that organisations should have a chief human capital officer working alongside the board. This reflects the growing importance placed on the value of employees as the greatest asset a business has, and the need to provide tangible measurement data on human capital.
It is envisaged that the role of a chief human capital officer would be to take responsibility for implementing measurement systems that identify the correct data with which to deliver human capital profiles that support delivery of business strategy.
In addition, 65% of those surveyed believed the proposed chief human capital officer role should be closely aligned with that of the HR Director; 10% thought with the CEO; 12% with the Head of Strategy; 5% with the CFO and 4% with the COO.
Almost all respondents (98%) agreed their businesses should be able to capture, measure and therefore manage data on their people; and that human capital metrics already exist which can be used to do so.
Richard Phelps, Partner, PricewaterhouseCoopers commented,
ìMany organisations donít yet realise that generic measurements exist today which can be used to measure the business impact of human capital in the same way as companies measure every other asset.î
HR Directors call for chief human capital officer
79% of HR Directors surveyed said they believed that organisations should have a chief human capital officer working alongside the board
