Commenting on The UK’s Industrial Strategy (click here) as announced by The Department for Business, Energy and Industrial Strategy (BEIS):
Luke Hildyard, Policy Lead for Stewardship and Corporate Governance, said:
“As significant long-term investors, pension funds welcome the long-term focus of the industrial strategy white paper.
“The focus on better disclosures to investors is especially positive, but requirements to report on capital allocation should include human capital. Investment in training and development by the UK’s biggest employers is crucial both to economic productivity and to the long-term success of our companies and the pension funds that invest in them.
"Despite this, companies provide very little information of this nature to investors. For example, just 21% of the FTSE 100 provide data on training and development, and just 9% provide their internal hire rate. The PLSA has previously highlighted the low levels of reporting in this area, and provided advice for pension funds on the information they should require from investee companies.”
Link to the Full Hidden Talent Report which includes these statistics - click here
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