The Accounting for People taskforce, whose recommendations were largely ignored in new government regulations on company reporting, cost £277,000, Personnel Today can reveal.
The DTI, which released the figures after a Freedom of Information request, said the bulk of the cost was accounted for by an external team that provided administrative support. Denise Kingsmill, head of the taskforce, was paid an ‘honorarium’ of £20,000.
The taskforce was set up in 2003 to look at ways the people element of business could be included in company reports. It recommended that human capital management (HCM) should form a key part of operating and financial reviews, but when the regulations came into force on 1 April, employees were only mentioned in passing and there was no reference to HCM.
Click here to view the DTI’s full response
