A system designed to help recruit, retain, develop staff has been launched by the UK’s national business standards company, BSI.
The consultation is open until January 2015 and anybody involved in the management of people and businesses can submit their comments of BSI’s BS7600 draft review here.
Chair of the human capital standards committee at BSI, Dr Wilson Wong, said: “A more considered and principled approach to recognising just how central people are to any organisation’s continued success could make a real impact to our nation’s productivity. We know from the chartered institute of personnel and development CIPD’s ‘Valuing your Talent’ project that the value of an organisation’s people is often not known or reported, and consequently not deployed or developed effectively. Getting this standard right has the potential to improve lives for everyone – businesses, the people working for them, and the societies in which they exist. That’s why we’re encouraging interested parties to contribute to the collective wisdom that will make the standard a success.”
The experts involved in developing the draft review included Advisory, Conciliation and Arbitration Service (ACAS), Chartered Institute of Management Accountants, the CPID, the Federation of Small Businesses, University Forum for Human Resource Development and Trade Union Congress (TUC), as well a range of employers, academics and other industry bodies.
Further to the management system, the BSI Human Capital Standards committee (HSC/1) will develop more specific standards for different elements of the management processes.
The principles of BS7600 are:
- Central to the best interests of organisations are the interests of staff and other stakeholders
- The organisation has a responsibility to operate in a fair and socially responsible manner
- Senior leaders of the organisation must be committed to valuing the importance of people
- People who work for an business have rights over and above those in law, and these legal protections must be respected by the organisation