Fostering performance management by identifying key performance indicators for human capital in integrated reporting
Abstract
Human capital is widely recognized as a pivotal factor in driving economic development and ensuring the sustained success of organizations. In efforts to enhance transparency in reporting and elucidate the mechanisms through which organizational value is generated, businesses might turn to the integrated reporting framework, encompassing six key capital dimensions, including human capital. However, a notable gap exists in the standardization of essential performance indicators within this framework. Therefore, the primary aim of this research was to identify the fundamental concepts underlying key performance indicators specific to human capital within integrated reports. These identified indicators not only enhance the usability of integrated reporting frameworks but also resonate with the perspectives of economic theory on human resource management, delving into various facets of employee performance and well-being. Moreover, the study delved into how transformational and benevolent leadership styles can harmonize with both the integrated reporting framework and the suggested key performance indicators of human capital, offering insights into effective organizational management and sustainable value creation.
Keyword : human capital indicators, integrated reporting, performance management, leadership, sustainability
How to Cite
Uzule, K., Zarina, V., & Shina, I. (2024). Fostering performance management by identifying key performance indicators for human capital in integrated reporting. Business: Theory and Practice, 25(2), 420–433. https://doi.org/10.3846/btp.2024.21351
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Nada, O. H. A., & Gyori, Z. (2023). Measuring the integrated reporting quality in Europe: Balanced scorecard perspectives. Journal of Financial Reporting and Accounting. https://doi.org/10.1108/JFRA-03-2023-0134
Nagpal, M., & Petersen, J. A. (2021). Keyword selection strategies in search engine optimization: How relevant is relevance? Journal of Retailing, 97(4), 746–763. https://doi.org/10.1016/j.jretai.2020.12.002
Nguyen, D-T., & Dao, T. K. (2023). The mediating role of innovation in the relationship between high-performance human resource management practices and firm performance. Heliyon, 9(12), Article e22720. https://doi.org/10.1016/j.heliyon.2023.e22720
Nguyen, N. P., Hang, N. T. T., Hiep, N., & Flynn, O. (2023). Does transformational leadership influence organisational culture and organisational performance: Empirical evidence from an emerging country. IIMB Management Review, 35, 382–392. https://doi.org/10.1016/j.iimb.2023.10.001
Noh, H., Jo, Y., & Lee, S. (2015). Keyword selection and processing strategy for applying text mining to patent analysis. Expert Systems with Applications, 42(9), 4348–4360. https://doi.org/10.1016/j.eswa.2015.01.050
Nordhaug, O. (2004). Contributions to an economic theory of human resource management. Human Resource Management Review, 14(4), 383–393. https://doi.org/10.1016/j.hrmr.2004.10.002
Nundloll, V., Smail, R., Stevens, C., & Blair, G. (2022). Automating the extraction of information from a historical text and building a linked data model for the domain of ecology and conservation science. Heliyon, 8, Article e10710. https://doi.org/10.1016/j.heliyon.2022.e10710
Parfitt, C. (2024). A foundation for ‘ethical capital’: The sustainability accounting standards board and integrated reporting. Critical Perspectives on Accounting, 98, Article 102477. https://doi.org/10.1016/j.cpa.2022.102477
Piwowar-Sulej, K., & Iqbal, Q. (2023). Leadership styles and sustainable performance: A systematic literature review. Journal of Cleaner Production, 382, Article 134600. https://doi.org/10.1016/j.jclepro.2022.134600
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Qiu, Q., Tian, M., Tao, L., Xie, Z., & Ma, K. (2024). Semantic information extraction and search of mineral exploration data using text mining and deep learning methods. Ore Geology Reviews, 165, Article 105863. https://doi.org/10.1016/j.oregeorev.2023.105863
Rai, S. M., Brown, B. D., & Ruwanpura, K. N. (2019). SDG 8: Decent work and economic growth – A gendered analysis. World Development, 113, 368–380. https://doi.org/10.1016/j.worlddev.2018.09.006
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