Disclosing Information About Employees According to Global Reporting Initiative Standards

Abstract

AbstractEmployees, in terms of human capital, are an important part of a company's engine. Without this part, a company would not be able to function, regardless of its assets. Its presentation is insignificant in most of the company’s financial reports. Financial reports represent an important element to get to know in detail a company. The lack of legislative alignment on reporting criteria and requirements has led to the presentation of information by companies in different ways. Global Reporting Initiatives is one of the standards that tracks the impact that a company has on the economic environment, including information about the companies employees. At the international level, researchers have tried to identify the elements that determine the reporting human capital information, but no universal-valid element has yet been identified. In Romania, the research on human capital reporting is in initial stage and in practice it is known that the reporting employees information is limited to several indicators and financial data. The objective of this research is to determine some of the information requested by Global Reporting Initiative about employees and economist perception about this. The research questions are based on Global Reporting Initiative requirements about employees. Using the quantitative method, the questionnaire, was identified the perception and openness of Romanian economists regarding to reporting detailed information about employees according to Global Reporting Initiative Standards. The results show that Romanian economists are not willing to include detailed information about employees. This study case represents the beginning of identifying the perception of Romanian economists about the information proposed by the Global Reporting Initiative. Considering that the research in Romania regarding to employees’ disclosure is incipient, the perception of the Romanian economists regarding to change and awareness of the information importance about the employees in the financial reports must be known.KeywordsHuman capitalEmployees reporting informationEmployees reporting information in RomaniaGlobal reporting initiativeGlobal reporting initiative in Romania