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Balanced Score Card
 

Balanced Score Card

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- Functions of score card

- Functions of score card
- How to implement score card
- How score card conduct
- Examples of how score cards are used in finance, government & hospital

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    Balanced Score Card Balanced Score Card Presentation Transcript

    • SCORE CARD
      • To measure the company’s Worker’s performance
      • A method for Human Resources to position itself as a strategic planning partners with line managers and executives in the organization
      • Navigator to competitive success
      • Balanced Scoreboard will help you evaluate performance of HR managers and find solutions to problems
      • The Functions of Score Card:
      INTRODUCTION
        • Cost per hire
        • Turnover cost
        • Turnover rate
        • Time to fill
        • Length of employment
        • Training and development
        • Salaries, compensation and Bonuses
        • Cost effectiveness
      INTRODUCTION
      • Analyzing Scorecard helps by giving answers to:
      • Define HR activities that provide the critical deliverables (such as high-talent staffing or a retention initiative)
      How to Implement Score Card:
      • Identify the critical deliverables for Human Resources
      • Identify HR's customers (for the deliverables)
      • Conduct a cost-benefit analyses of activities that provide deliverables.
      1 2 3 4
      • Looking for ways to measure performance in the organisation of the future
        • E.g. KPI (Key Performance Indicator)
      • Help companies translate and implement strategy
        • E.g. Operational scorecard to manage performance
      How’s Scorecard Conduct?
      • Potential to develop it into a strategic management system, its next development, which added most values to organizations
        • E.g. Number of activities per function
      • Alerting managers to areas where performance deviates from expectations, they can be encouraged to focus their attention on these areas, and hopefully as a result trigger improved performance within the part of the organization they lead
      • Translating the vision into operational goals
      • How’s Scorecard Conduct?
      • Communicating the vision and link it to individual performance
      • Business planning; index setting
      • Feedback and learning
    • Examples of How Balanced Scorecards are Used in FINANCE
    •  
    • Examples of How Balanced Scorecards are Used in GOVERNMENT
    •  
    • Examples of How Balanced Scorecards are Used in HOSPITAL
    •  
    • Credit Card Company Balanced Score Card Example
    • Regional Airline Balanced Score Card Example
    • THE END