ISO 30414:2018 explained

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The International Organisation for Standardisation has published over 22,000 international standards and related documents, covering almost every sector, from technology to food safety, to agriculture and healthcare. ISO international standards impact everyone, everywhere.

ISO 30414:2018

There are many different HR management systems and processes aimed at maximising the return on investment in staff. But they vary from organisation to organisation and country to country, making it difficult to accurately benchmark.

ISO 30414:2018 is the first international standard that allows an organisation to gain a clear understanding of the actual contribution of its human capital.

Applicable to organisations of all types and sizes, it provides guidelines on core HR areas such as organisational culture, recruitment and turnover, productivity, health and safety, and leadership.

What is HCM Reporting?

Human Capital Management (HCM) reporting provides insights that will help provide internal and external stakeholders with tangible evidence for the HR function. This will assist HR Directors, together with board-level colleagues, to make strategic decisions to achieve organisational, transformation.

The benefits of a standardised approach to Human Capital Management reporting include:

✔ Agreement of the relevant data that is comparable across organisations which benefits organisational value
✔ Redefining HCM processes in order to support best practice for employment relations
✔ Investing in Human Capital need to establish clear financial – and non-financial returns and understanding
✔ Reporting of HCM data needs to be clear, easy to obtain and provide significant insight into your organisation’s current and future performance

How will my organisation benefit?

ISO 30414:2018 is essential for ambitious and growth-minded organisations. It will develop past working practices and ensure your HR function is measured.

There is a strong link between HR performance and the financial performance of an organisation, if HR leaders are equipped to partner with organisational leaders.

The standard brings an umbrella approach that encompasses the combined collective and additional areas needed by your organisation. These are broken down into 11 Core Areas of HR that are needed by every organisation.

HCM Metrics has produced evidence highlighting 80 reasons why accreditation is organisation-critical.

ISO 30414:2018 brings order

✓ Brings clarity and order

✓ Develop past working practices

✓ Ensures your HR function is measured

✓ Provides accessibility to all metrics

✓ Ensures all stakeholders’ interests are met

✓ Encourages digitisation

ISO 30414:2018 brings accuracy

✓ Reduces cost

✓ Improves leadership

✓ Increases productivity

✓ Enhances succession planning

✓ Reduces staff turnover

✓ Increases skills and capabilities