OREANDA-NEWS. Standards for establishing the reporting and management of human capital are truly critical to the talent and HR functions (including training) as a sincere governance practice, and Tata Interactive Systems (TIS) - one of the global providers of learning technology solutions - is offering training and consultancy services to implement talent development reporting principles (TDRp) for all human capital processes. TIS is also a founding silver sponsor of the Center for Talent Reporting (CTR) - a non-profit organisation that has established a framework for TDRp. In fact, the formal launch announcement of CTR was done at the Tata Learning Forum held in Washington DC in October 2012, in the presence of key CTR board members.

TDRp has developed principles, standards, definitions, recommended statements and reports, and processes for all key talent processes including learning and development, leadership development, talent acquisition, performance management, capability management and total rewards. These standards provide much-needed guidance in defining the right measures to use and in constructing meaningful management reports. Once in place and consistently applied, the standards would also significantly increase the ease and value of benchmarking with other organisations.

David Vance, executive director for CTR, avers, “The introduction of the TDRp framework helps talent professionals plan, measure and manage to deliver business impact using a standard, yet flexible approach. TDRp helps you run talent like a business, identify business goals, align human capital initiatives to those goals, get upfront agreement with the sponsors on the expected impact, and then execute with discipline on a monthly basis using standard reports just like financial reports are used on a monthly basis to manage other aspects of any business.”

Adds Gajanan Kasbekar, senior vice president, Tata Interactive Systems, “Till a few years ago, there was no agreed-upon standard for the reporting or management of human capital. Today, TDRp is considered as a groundbreaking initiative that brings standard principles and reporting to all human capital processes. Also, during the course of TIS's year-long association with CTR, we have trained some of our key performance consultants in TDRp workshops. These performance consultants are today capable of defining, designing and implementing key steps in the TDRp journey for our clients, through levels of maturity.” Mr Kasbekar is one of the advisory council members at CTR.

Hundreds of organisations are already using TDRp. TIS offers TDRp consulting services that can help align an organisation's L&D initiatives to its business goals and outcomes, making comprehensive analysis and reporting possible.