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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

Published in: Business, Technology
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Transcript

  • 1. SCORE CARD
  • 2.
    • 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
  • 3.
      • 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:
  • 4.
    • 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
  • 5.
    • 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
  • 6.
    • 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
  • 7. Examples of How Balanced Scorecards are Used in FINANCE
  • 8.  
  • 9. Examples of How Balanced Scorecards are Used in GOVERNMENT
  • 10.  
  • 11. Examples of How Balanced Scorecards are Used in HOSPITAL
  • 12.  
  • 13. Credit Card Company Balanced Score Card Example
  • 14. Regional Airline Balanced Score Card Example
  • 15. THE END

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