Accounting for People 2.0
2003, the UK government formed a Task Force on Human Capital Management charged with considering how it might be possible to ‘account for people’. The Accounting for People Report’s principal recommendation was that HCM information should be included in any expanded Operating and Financial Review (OFR).
2005, for ‘political’ reasons, the ‘radical’ idea of putting people on the balance sheet was then dropped.
2010, we believe the time is right to reopen and reconsider these ideas. Read more.