Human Capital Financial Reports

by Giehll, Tim

• ISBN13: 9780615534107
• ISBN10: 0615534104
• Format: Paperback
• Copyright: 2011-10-01
• Publisher: Itasca Books

Summary

Business people around the world are familiar with the typical financial reporting statements: profit and loss (P&L), balance sheet, and cash flow. But those three reports focus only on dollars and shed no light on the workforce that actually drives the revenue. In "Human Capital Financial Reports," Tim Giehll takes the next step in the dialogue about human capital management by proposing a set of financial reporting tools that provide a more meaningful picture of the ways in which a company's workforce influences earnings. By paying more attention to the workforce reporting and metrics of the business, companies can use human capital financial reports to achieve workforce optimization and attain greater financial success.

Author Biography

Human Capital industry veteran, technology visionary, and manufacturing expert, Tim Giehll serves as CEO of Bond-Telent-US and eEmpACT, creating recruiting and staffing software for a global market.

Table of Contents

Foreword	p. ix
Introduction	p. xi
The Human Capital Supply Chain Link to the Board Room's Challenge	p. 1
The Power of the Contingent Workforce	p. 9
Financial Reports-GMP->IFRS->HCFR	p. 21
Emerging Perspectives of Regulators	p. 37
Birth of Human Capital Financial Reports	p. 47
Structure of the Human Capital Financial Reports	p. 55
Profit and Loss (P&L) vs. Revenue and Human Capital Expenses (R&E)	p. 65
Balance Sheet: Fixed Assets vs. Variable Human Inventory (Talent Sheet)	p. 79
Cash Flow: How to Get from Here to There (Talent Flow)	p. 95
Financial Ratios: Looking at HR Metrics and HR Analytics	p. 101
C-levels, Investors, Government, and Citizens Call to Action: An Open Letter	p. 111
Acknowledgments	p. 115
About the Author	p. 117
Index	p. 119
Table of Contents provided by Ingram. All Rights Reserved.