ISO 30414:2018 Human Resource Management

This document provides guidelines for internal and external human capital reporting. The objective is to consider and to make transparent the human capital contribution to the organization in order to support sustainability of the workforce. This document is applicable to all organizations, regardless of the type, size, nature or complexity of the business, whether in the public, private or voluntary sector, or a not-for-profit organization

ISO 30414:2018 is a standard developed by the International Organization for Standardization (ISO) titled “Human Resource Management – Guidelines for Internal and External Human Capital Reporting.” This standard provides guidelines for organizations to report on their human capital, both internally and externally.

The purpose of ISO 30414 is to assist organizations in measuring, evaluating, and reporting on their human resources, recognizing them as a key asset. By implementing these guidelines, organizations can better understand and communicate the value of their human capital to stakeholders, such as investors, employees, and customers.

Key areas covered by ISO 30414 include:

1. Definitions and concepts: Clarifying terms and concepts related to human capital reporting.
2. Scope: Defining the scope of human capital reporting, including what should be included and excluded.
3. Principles: Outlining principles for human capital reporting, such as relevance, reliability, comparability, and transparency.
4. Content: Specifying the content of human capital reports, including key indicators and metrics related to workforce composition, skills, capabilities, and performance.
5. Process: Describing the process for collecting, analyzing, and reporting human capital data.
6. Audience: Identifying the intended audience for human capital reports and their information needs.
7. Integration: Providing guidance on integrating human capital reporting with other reporting frameworks, such as financial reporting and sustainability reporting.

Overall, ISO 30414 aims to promote greater transparency, accountability, and understanding of human capital management practices within organizations, thereby supporting better decision-making and enhancing stakeholder trust.

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