Learn in the textbookMajor International and Domestic Standards
DefinitionISO 30414 is an international standard for measuring the state of an organization's human capital, its people, and reporting it internally and externally; the 2018 edition is written as guidelines.
ExplanationIt sets out an approach to metrics that show in numbers the return on investment in people and the state of the workforce. The results can inform internal management decisions as well as explanations to investors and other outside parties.
AnalogyIt is like taking only the people-related items from a company's health checkup form, leaving out equipment and money, and giving them a common format.