Balanced Scorecard

Submitted By:
Abhishek Kumar Akshat Raturi Nilay Jogadia Saumay Jain

3/10/13

Balanced Scorecard
Measures

HR Deliverables and objectives

Quantitatively

demonstrate HRs contribution to firms financial results and profitability the degree of alignment between business strategy and HR deliverables

Measure

HR Scorecard links the things people do with the strategy of the firm.
3/10/13

BUSINESS DRIVEN HR MEASURES

3/10/13

Talent Balanced Scorecard shall include all processes and systems related to People Management and Development. It shall focus on following aspects:-

1. 2. 3. 4. 5. 6.

7.

HRIS Workforce Planning Recruitment and Selection Training and Development Career Progression Performance Improvement Process Organizational Development

Click to edit Master subtitle style

3/10/13

Seven Step Model

Clarify

the business strategy Develop HR Architecture Create a strategy map of the firm
Identify

HR Deliverables in the map Align HR Architecture with HR Deliverables Design HR Scorecard Execute/Implementation
3/10/13

Business Indicators Results

BALANCE SCORECARD XYZ COMPANY EXAMPLE:-

3/10/13

HUMAN CAPITAL PERFORMANCE EVALUATION

ACQUIRING MAINTAINING DEVELOPING RETAINING

COST TIME

Cost per hire Cost per EAP Cost per trainee Time to fill jobs Time to fill request

Cost of Turnover

Cost per Turnover by trainee hourlength of service

QUANTITY

Number hiredNo. of claims No. Trained Voluntary processed Turnover rate Manager Satisfaction Employee Trainee satisfaction response
3/10/13

REACTION

Turnover Reasons

Monitors

Key Benefits of Talent Balanced Score card

and improves

3/10/13

3/10/13