CIPD confirms human capital measurements partnership with CIMA
17 July 2013
The Chartered Institute of Personnel & Development (CIPD) has confirmed “a major new strategic collaboration” with another professional institute to work in fields including developing human capital metrics, as previously reported by recruiter.co.uk.
Wed, 17 Jul 2013The Chartered Institute of Personnel & Development (CIPD) has confirmed “a major new strategic collaboration” with another professional institute to work in fields including developing human capital metrics, as previously reported by recruiter.co.uk.
A tie-up between the CIPD and the Chartered Institute of Management Accountants (CIMA) will “foster closer working links between the finance and HR professions, helping to increase their combined impact on business performance”, according to a CIPD statement.
The partnership will include programmes of joint research on areas such as Big Data and shared services for finance and HR, and making existing continuous professional development and training opportunities available to members of both organisations.
The development of human capital is at the heart of the partnership, being one of the first shared projects for the organisations. As Recruiter reported earlier this year, this is not the first collaboration wrestle with the challenge of human capital metrics.
CIPD chief executive officer Peter Cheese (pictured) announced the imminent partnership earlier this month at an event attended by Recruiter. While admitting that such a project would be very challenging, he also said that measuring the real value of HR “is something that I’m very passionate about”.
In a statement today, he comments: “Many of the recent crises affecting business can be traced back to failures of culture that could have been picked up if longer-term, people-related metrics had been given more weight instead of a myopic focus on short-term financial results.”
His CIMA counterpart Charles Tilley adds that “CIMA has long advocated that more emphasis should be placed on measuring the value of non-financial assets”.
A tie-up between the CIPD and the Chartered Institute of Management Accountants (CIMA) will “foster closer working links between the finance and HR professions, helping to increase their combined impact on business performance”, according to a CIPD statement.
The partnership will include programmes of joint research on areas such as Big Data and shared services for finance and HR, and making existing continuous professional development and training opportunities available to members of both organisations.
The development of human capital is at the heart of the partnership, being one of the first shared projects for the organisations. As Recruiter reported earlier this year, this is not the first collaboration wrestle with the challenge of human capital metrics.
CIPD chief executive officer Peter Cheese (pictured) announced the imminent partnership earlier this month at an event attended by Recruiter. While admitting that such a project would be very challenging, he also said that measuring the real value of HR “is something that I’m very passionate about”.
In a statement today, he comments: “Many of the recent crises affecting business can be traced back to failures of culture that could have been picked up if longer-term, people-related metrics had been given more weight instead of a myopic focus on short-term financial results.”
His CIMA counterpart Charles Tilley adds that “CIMA has long advocated that more emphasis should be placed on measuring the value of non-financial assets”.
