SVDX

Human Capital Management (HCM) involves finding and hiring the right people while managing an evolving set of workforce challenges and opportunities so as to “optimize” productivity. Human capital is the largest expenditure category for the majority of companies and the newly introduced SEC disclosure requirements around this topic are fraught with both opportunity and risk. Talking about HCM is easy (and common these days) but unearthing actionable areas of HCM improvement includes a discussion of: financial security for employees, workforce retention strategies during the “great resignation”, tax goals as related to ESG strategies, and more. SVDX recently held a webinar to discuss what boards need to know about HCM including the opportunities around new disclosure requirements, DE&I trends, training and retention innovations, a more holistic view of employee well-being, employee financial security, and the new normal of engagement with flexibility.

Talent recruitment and retention is nothing new for successful competitive enterprises. However, “human capital management” has evolved from a strategic and compliance issue into a topic for public disclosure. SVDX recently held a small group Xchange session on Human Capital Management disclosure to further explore trends and future plans. Mike Esser and Deborah Lifshey (both Managing Directors at Pearl Meyer) provided additional information around disclosure requirements and what boards of directors should consider.