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Employee relationsLatest NewsInformation & consultation

Senior HR managers unaware of staff information regulations

by Personnel Today 14 Sep 2005
by Personnel Today 14 Sep 2005

Almost two-thirds of senior HR professionals are unaware of the company reporting regulations requiring greater transparency around employee information, a survey of 15,000 HR managers and directors has revealed.

Under the demands of the Operating and Financial Review (OFR), introduced in April, listed firms are required to file a report in their end-of-year accounts on a range of issues that can affect the performance of the business, including employee information.

But research by training firm Thomson NETg, shows that 43% of UK HR managers do not have a strategy in place to adhere to the regulations and improve the reporting of HR-related matters.

Almost three-quarters (73%) of respondents regarded compliance as an expensive overhead rather than a means to save money.

“This is a curiously short-sighted attitude on behalf of UK companies,” said Mike Summers, director at ThomsonNETg.

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“The regulations purely encourage the take-up of best practice HR management, which means firms will have a better handle on areas where their teams are weak and may need more training.”

Summers said HR managers should view OFR not as a burden, but as an opportunity.


Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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