2011
Talent development reporting principles
The absence of standardized metrics has long plagued the learning and development (and HR) profession.
Standardized ways of measuring and valuing investment processes and resulting value creation would help L&D professionals up their game and bring a new accountability to the function.
That, in turn, would increase the centrality and ultimately the effectiveness of learning – improving outcomes for employees, employers, and shareholders.
To help move the ball forward, a group of high-level L&D professionals – convened and supported with the assistance of Knowledge Advisors – has just released Version 1 of the Talent Development Reporting Principles (TDRP):
“The hope is that this standard framework will be broadly adopted with common terminology and measures, which in turn will contribute to a greater understanding of successful practices and meaningful comparisons across organizations. Our inspiration is the set of Generally Accepted Accounting Principles (GAAP) which have been used by the accounting profession in the United States since 1973 to provide consistency, clarity and uniformity in the analysis of the financial well-being of organizations. The data produced using these principles can then provide a solid foundation for analysis, just as the data produced by accountants according to GAAP provides the foundation for financial analysis.”