Materiality of Human Capital Metrics

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Materiality of Human Capital Metrics

February 10, 2025
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Famous People Painting – Discussing the Divine Comedy with Dante

 

Materiality of Human Capital Metrics

Lee S. Webster | University of Texas Medical Branch

 

Since the advent of scientific management in the late 19th century, investors have remained unpersuaded if not dismissive of human capital measures when determining the cumulative financial value of publicly traded companies. This reluctance stems from a perceived arbitrariness and empirical uncertainty that has attached to the measurement of workforce contributions to organizational value. Past critics of the use of human capital metrics frequently claim these measures are unproven, unserious, and immaterial disclosures that fail to meet the standard of relevant information for investors to consider. Contemporary management and investment experts challenge that reasoning and offer a more expansive and inclusive perspective of what investors need to know to make informed decisions. The publication of ISO 30414:2018 Human resource management* recommends that stakeholders revisit the relevance of human capital measurement in both American and international board rooms, investment banks, regulatory agencies, and security markets.  These stakeholders now have the means to explore whether human capital measures can provide faithfully and rigorously derived material information for investors.

 

Human resource management — Guidelines for internal and external human capital reporting

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Human Resource Management

 

 

Barbering & Cosmetology Academies

February 9, 2025
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Café Linné Fika

February 9, 2025
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Cafelinne

 

University students at restaurant ‘Flustrets’, Uppsala, Sweden 1896.
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“Forty Days and Forty Nights”

February 9, 2025
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Swedish Meat Balls

February 9, 2025
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Abiit sed non oblitus | Michigan

February 9, 2025
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One-hundred-twenty-five years ago, hardy and hard-working Finnish Lutheran immigrants founded a school in Michigan’s Upper Peninsula. Their lives were marked by a gritty quality captured in the Finnish term, sisu – grit and perseverance in the face of adversity.  Citing financial difficulties related to demographic changes, the Board of Trustees announced that the Class of 2023 was Finlandia’s final graduating class.

“The Board of Trustees and University President Timothy Pinnow stated the extremely difficult decision is the result of an intensive analysis of Finlandia’s operations after exploring all potentially feasible strategic alternatives, including the rigorous search for new partnerships and reorganization of the institution’s finances. With financial challenges impacting liberal arts colleges throughout the country, Finlandia is no exception….

The combination of demographic changes, with fewer high school graduates available, a steep decrease in interest in going to college among those graduates, a dwindling endowment, and an unbearable debt load have made Finlandia no longer viable…

…Finlandia University has finalized eight Teach-Out Agreements with Adrian College, Bay College, Michigan Technological University, Northeast Wisconsin Technical College, Northern Michigan University, University of Dubuque, Waldorf University, and Wartburg College. Several non-partnering institutions have also made commitments to supporting FinnU students in incredible ways…”

Board of Trustees vote to dissolve University wind up affairs in orderly manner

 

 

 

 

 

 

 

 

 

 

 

 

 

“History of the Finns in Michigan” 2001 | Armas K. E. Holmio

 

 

 

 

 

 

 

 

Jazz Standard “Alfie”

February 8, 2025
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Form and Structure: The song doesn’t follow a standard verse-chorus pop structure. Instead, it’s more through-composed, with a flowing, almost conversational quality that mirrors the introspective lyrics by Hal David. It’s built around a series of melodic phrases that evolve rather than repeat predictably, giving it a cinematic feel suited to the film’s narrative. The AABA form is loosely present, but Bacharach stretches it with irregular phrase lengths and unexpected transitions.

Time Signature and Rhythm: Alfie is in 4/4 time, but Bacharach plays with rhythmic fluidity. The phrasing often feels asymmetrical—some measures stretch to five or six beats’ worth of melody over the 4/4 pulse, creating a sense of suspension. The tempo is moderate, around 60-70 BPM, allowing the vocalist room to linger on notes and emote.

Harmony:Bacharach’s harmonic language is where the technical brilliance shines. The song is in C major but frequently ventures into chromatic territory. It’s loaded with extended chords—think 7ths, 9ths, and 11ths—and passing modulations that keep the ear guessing. For example, the opening line (“What’s it all about, Alfie?”) starts with a simple Cmaj7 but quickly pivots to a G7 with a flat 9, then resolves unpredictably. These shifts create tension and release, mirroring the song’s questioning tone.

Melody: The melody is deceptively simple but fiendishly clever. It spans a wide range (over an octave), with leaps and stepwise motion that demand vocal control. Take the phrase “Is it just for the moment we live?”—it starts low, climbs a major 7th, then descends gracefully. Bacharach avoids repetition, so each line feels like a new thought, pulling the listener deeper into the philosophical musing.

Dynamics and Phrasing: The song ebbs and flows dynamically. It begins softly, almost whispered, then builds to a gentle climax around “Are we meant to take more than we give?” before retreating. Warwick’s delivery—smooth, with a touch of restraint—amplifies this. Bacharach’s conducting ensured the band followed her phrasing, not the other way around, giving it an organic, live feel.

Key Changes and Modulations: While the song stays rooted in C major, Bacharach sprinkles in momentary key shifts. For instance, the bridge (“As sure as I believe there’s a heaven above, Alfie”) flirts with A minor and F major, adding a bittersweet flavor before resolving back home. These subtle modulations keep the music unpredictable, reflecting the uncertainty of the lyrics.

Dionne Warwick

Bacharach famously struggled to get this song right—recording it multiple times before settling on Warwick’s take after 18 tries. His perfectionism paid off: the interplay of technical complexity (those jazzy chords and odd phrase lengths) with musical accessibility (a singable, memorable melody) is what makes Alfie timeless. It’s not just a song; it’s a miniature drama, unfolding note by note.

Jazz Standards

 

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