” ISO 30414 provides a consistent and meaningful approach for reporting human capital. The mechanism for explicitly defining each area and their corresponding metrics was much needed. Having worked in the industry for more than a decade, I feel it is of paramount importance that we start following a standardized approach in both measuring and reporting human capital.” – Farhat Ali, SHRM-SCP, SPHRi, Service Area Lead, ABACUS.

It is vital for an organization to generate quantitative information to assess the effectiveness of its HR program in order to follow an exact and reliable decision-making process.The ISO 30414 Human Capital Reporting Guidelines Standard enables organizations to follow a systematic and strategic approach to measure the real value of its HR Program. By applying the ISO 30414 Standard, organizations can now measure their human capital’s quality and impact and ensure transparency for the stakeholders. Organizations can thus inevitably enhance productivity and increase stakeholder engagement while adapting their business practices to global standards through the use of the ISO 30414 Standard. Global HR standard ISO 30414 has been introduced in Pakistan by Zahid Mubarik SHRM-SCP, GPHR, SPHRi CEO HR Metrics. Since then, it has become a pioneer in establishing a benchmark for a systematic and strategic approach to measuring the effectiveness of HR activities.

HR Metrics is a consulting and training firm, which provides competency-based SHRM certification, ISO global HR Standards Certification and audit, HR data, analytics, diversity & inclusion management tools to optimize organizational performance. The ISO 30414 Human Capital Reporting Guidelines Standard introduced by HR Metrics provides the following organizational gap analysis audit services on human capital reporting standards, consulting, and training on human capital reporting standards and technology solutions to implement human capital reporting standards.

Recently, HR Metrics conducted the session “Competent in ISO 30414 Human Capital Reporting Standard”, which Farhat Ali attended. Farhat is the Service Area Lead for Talent Analytics at Abacus. He is a Senior Certified Professional (SHRM-SCP) from Society for Human Resource Management and is also certified as Senior Professional in Human Resources-International. He is a key member of the survey team and has significantly contributed to the areas of compensation & benefits, employee engagement, 360 assessments, and total rewards advisory. He has served different business sectors, including FMCG, Pharmaceutical, Telecom, Financial Sector, Oil & Gas, and Logistics. Being a self-motivated & result-focused individual, he merges his diversified workplace experience of more than ten years in building up a strong HR platform, which forms the basis for his strong analytical skills—a well-presented, productive, team and goal-oriented individual who constantly achieves exceptional results. In the past, he had conducted training for both corporate and academic sectors, including HUBCO, University of Management and Technology, Institute of Knowledge and Leadership, Samsung, HPSL, Pakistan LNG Terminals etc. He believes that every individual is unique and learns differently. He has been a pivotal contributor to the top organizations in developing their human capital strategies for more than a decade now. After attending the session, his comments effortlessly sum up why the ISO 30414 Human Capital Reporting Standard is much needed, “Currently, organizations are not effectively measuring the true value of human capital and consider their human resources as a cost center. By measuring the actual HR ROI through these standards, we can quantify the criticality of the most valuable resource i.e., ‘human resources’. This framework provides organizations with the knowledge and credibility to develop reporting and analytics that are significant for management. Furthermore, it can be used to make disclosures to regulators, customers, and all internal and external stakeholders.”

Farhat Ali further explained why, as an HR Professional, it is vital to make things more transparent and tangible. He emphasized that by making use of ISO 30414 matrices, HR Professionals can create a quantifiable link between the company’s financial results and HR role, which can help HR Professionals in making decisions through a data-driven approach across all functions of HR, thus would also enable sustainable growth of the organization.