Introducing the new standard
Precise, accurate standards are needed to promote consistency and credibility in workforce reporting, just as GAAP reporting does for the reporting of financial information.
Regulatory bodies like the SEC are unlikely to issue clear standards in the near term, and any rules they introduce are unlikely to specify detailed implementation methods. It falls to stakeholders to define these standards, and the time to establish clear, actionable frameworks for workforce reporting is NOW
WorRC principles provide reporting employers with guidance that is:
Driven By Experts
Produced in collaboration with people analytics teams at leading employers, the experts who provide data-driven approaches to people-related decisions
Focused on the quality of reporting, but neutral among investor views on good people outcomes or practices
Neutral
Detailed implementation guidance yields measures that are consistent across employers and resistant to “impact washing”
Rigorous & Robust
Continuously evolving through adaptation to ongoing input and testing by experts in people analytics
Iterative
Free Access
Developed on a nonprofit basis and available to reporting employers and investors at no cost
Aligned With Finance
Designed to be combined with financial data
Additional Uses for Specific Stakeholder Groups
Employers
Adapt to develop own robust reporting strategy
Increase credibility with investors
Improve talent management decisions
Employer Advisors & Solution Providers
Help clients produce reliable reporting aligned to trusted standards
Deliver stronger, more credible insights through consistency
Facilitate compatibility
Investors and Investment Advisors
Enable consistent, like-for-like evaluation of potential investments
Enhance due diligence
Increase visibility into portfolio companies
WorRC Principles provides a path to meaningful workforce reporting:
Data Architecture
Solid foundation for workforce reporting:
• Key definitions
• Standardized compensation measures
• Job Ladder
Basic Operational Metrics
(KPIs)
Improve current metrics with data architecture and other implementation rules:
• Headcount
• Turnover
• Demographic representation
Advanced Strategic Metrics (KPIs)
New advanced measures:
• Compensation
• Financial security
• Employee mobility
• Demographics
For information on engaging with WorRC please get in touch. We welcome inquiries from employers, investors, sponsors, and press.
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