Lessons From Year One Human Capital Management Disclosures

With the SEC’s 10-K human capital management disclosure rule in its first year of implementation, we collected S&P 500 company disclosures between September 2020 and March 2021. Access our report to see the various disclosure categories, insights by industry, predictions for future reporting strategy, and more. In this digital issue brief, we’ll:

• Explore the most common HCM disclosure themes, from demographics to pay equity to Covid to corporate citizenship
• Investigate the use of both objective and subjective disclosure metrics
• Delve into the disparate disclosure approaches, from minimalist to in-depth
• Flag model disclosures that may form the basis of future practice
• Discuss how future SEC rule-making could change the nature of required disclosure