HR SCORECARD

Presented By ABHISHEK SHARMA (MBA HR)

HR SCORECARD

Measures effectiveness and efficiency of HR functions in producing the employees behaviors required to achieve organizational strategic aims

Helps HR managers focus on and manage their strategic responsibilities

CREATING HR SCORECARD
The 10-Step HR Scorecard Process

Define the business strategy

Identify required HR policies and activities

Outline value chain activities

Create HR Scorecard

Outline a strategy map

Choose HR Scorecard measures Summarize Scorecard measures on digital dashboard

Identify strategically required outcomes Identify required workforce competencies and behaviors

10

Monitor, predict, evaluate

OUT LINE VALUE CHAIN AND STRATEGY MAP

Value chain analysis

A tool for identifying, isolating, visualizing, and analyzing the firms most important activities and strategic costs Identifying the primary and crucial activities that create value for customers and the related support activities

Strategy Map A diagram that summarizes the chain of major inter related activities that contributes to a company's success

HR SCORECARD MEASURES

Review existing measures and identify their strengths and weaknesses

Identify corporate goals and HRs contribution toward these goals

Define measures for each result Define levels of goals for each measure Define two tracking reports to communicate actual vs. planned performance.

CONCLUSION
HR Scorecard Enables Managers to Understand how to

Align HR Strategy with Overall Business Objectives

Tracking and Performance Evaluation Of Business

Strategies
HR Scorecard a Tool to Ensure Continued Learning

THANKS