Based on an assessment of FTSE 100 annual reports and focus groups with investors and HR leaders, this report gives benchmarking data, insights and practical recommendations for improving workforce reporting practices
Workforce reporting is the component of reporting that relates to a company’s employment model and working practices, communicating the value and impact of the workforce. It is a key part of stakeholder engagement and responsible business practice, used to show how the workforce is managed and developed, and to provide crucial information for decision-making. Showing how organisations manage and develop their people, not only shows the value they place in their workforce but also provides information on how effectively organisations are addressing material governance and sustainability issues.
With our report findings showing significant variation in the quality of disclosures, the report urges companies, investors and policy-makers to prioritise clearer, more consistent and balanced workforce reporting. Stronger workforce reporting standards help build a future of higher business performance, greater accountability and more meaningful engagement with shareholders and other stakeholders.
While the findings and recommendations are based on the UK context, the broader implications should be of interest wherever you are based.
Key findings include:
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