Sakshi ppt
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Sakshi ppt Sakshi ppt Presentation Transcript

  • • • • • • Used by managers to assess the value of HR function. Measures the effectiveness and efficiency of the HR function. System of measurement. Shows ‘metrics’ that the firm uses to measure HR activities as well as the employee behaviours. Manages HR as a strategic asset and also measures the contribution of HR to the financial success of the firm.
  • 1. 2. 3. 4. 5. 6. 7. Define business strategic strategy. Outline the value chain of the company. Identify strategic organizational outcomes. Identify required workforce competencies and behaviour. Identify relevant HR systems and practices. Design HR Scorecard measurement. Periodically evaluate the measurement system.
  • HR Scorecard was developed in India by Rao. The model is based on following assumptions:  Competent and motivated employees are needed to provide quality products and services.  The commitment and competencies of employees can be developed.  The HR competencies of HR and line managers play an important role in the implementation of HR practices and systems.  The HRD culture created through HR practices and systems and by HR professionals.  The HR practices, systems, competencies, and culture must be aligned with business goals.
  • HR audit is conducted to obtain a score on the HR Scorecard. It involves assessing each of the factors(HR systems maturity, HR competencies, culture, and business linkage) and assigning a score to each factor. HR practices maturity HR HRD competenci culture es of HR & line manager HR & business linkage Overall grade/ratin g A A C AABC B
  • HR Practices HR Audits (Types) HR Professional HR Department/Fu nction
  • Four types of assessments made for each HR Practices Activity Customer Value Cost/Benefit Research
  • HR Professional must possesses four clusters of competencies: 1. Knowledge of business 2. Knowledge of HR 3. Knowledge of change processes 4. Personal credibility
  • The competencies of the HR function may be determined by summing the individual competencies of HR professionals.