Following the success of SHRM’s first ANSI standard I believe they are still looking for volunteers for its Taskforce. If you were thinking of applying you might like to test your own standards first. Have a look at its latest efforts on “Investor Metrics” and then submit your answers to the questions below. Good luck!
PLEASE ONLY CIRCLE ONE ANSWER FOR EACH QUESTION
Question 1. Do you think the Earth is flat?
- Well, I haven’t fallen off yet so I guess it must be round?
Question 2. Do you think employees would rather be referred to as -
b. human beings?
c. human capital?
(Note. If you answered ‘c’ please state how it differs from ‘a’ and ‘b’.)
Question 3. Section ‘4.0.1 – Spending on human capital’ – do you know why they refer to ‘human capital’ rather than ‘employees’?
- Presumably because they think it is what investors want to hear?
Question 4. ‘5.3 Objective’ – “The objective of the spending on human capital metric is to quantify an organization’s total expenditure on people, and look at that measure relative to other standard financial measures used in valuing an organization.” Do you think they really mean what they say?
- I don’t know what they are saying so I don’t know if they mean it
Question 5. Section ‘6.0 Instructions for reporting on retaining talent’ – do you think it matters that there is no definition of talent here and they seem to be just referring to old fashioned staff turnover?
- Yes it does matter
- Errrm, not really sure
- No it does not matter
Question 6. Do you think it would be a good idea to set global standards that are actually based on some evidence?
- That might be nice.
Question 7. Section 9.6.1 – Do you think “Step 1” should be to -
a. (page 19) “… get employees to fill in a questionnaire, typically organizations hire a vendor who has expertise in employee questionnaires, but it is possible for an organization to develop their own questions. Good vendors will have tested their questions to prove there is a correlation with important business outcomes.”
b. Just give Gallup a call, again
c. Find out what the business priorities are.
Question 8. Do you think everyone hates HR because it ….
- Wastes everyone’s time
- Produces meaningless metrics
- Avoids business accountability at all costs
- All of the above
Question 9. Would you meet this standard?
- Yes – I have been measuring this stuff for many years
- No – but that does not worry me because no one outside HR is really interested anyway
- I don’t want to – it would mean dropping my own standards
Question 10. If you are not already a member of SHRM would this standard make you want to join?
- Do I really look that stupid?
See also HR Standards