
In 2020, many business leaders recognized that it wasn’t our unique products or market niches that sustained us. It was our people. It was those leaders and team members who, despite incredible obstacles, stepped up and delivered great value for our companies and the clients/customers we serve. Last July, we wrote about the importance of supporting our employees as they do what they can to support us and our businesses. As we look ahead to 2021 and beyond, how can we further these efforts to support our most important resource – our human capital?
Even the Securities & Exchange Commission (SEC) – the entity that regulates reporting requirements for all publicly-traded companies – now recognizes the critical importance of an organization’s workforce. The SEC recently determined that key human capital measures and objectives beyond traditional financial statements must be disclosed in order to more accurately describe the overall health of a company. To this end, all public companies now need to disclose the key human capital measures and objectives that enable them to manage their businesses when they file.
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