Scorecards and Dashboards: Translating HR Strategies Into Meaningful Metrics and Staying Focused
Though it has been around for some time, there are some advances being made in the Balanced Scorecard. Once viewed as only a process, it is now being viewed as a system for management. A critical element of that system is Human Resources.
Recognizing this, successful HR departments are helping to manage their organizations using the Balanced Scorecard, by planning their performance measurements across the four distinct legs of the balanced scorecard, to maximize their overall financial performance while building a solid foundation for the future. In this whitepaper, Charles Hannabarger and Frederick Buchman, authors of Balanced Scorecard Strategy for Dummies, offer a system that results in proactive rather than reactive decisions.
About HR Metrics Summit
Turning Insights into Action and Using Metrics to Achieve Results
The zeal to accumulate data that can be used to help executives manage their businesses is at an all time high. Everyday we hear more about new HR analytics and measurement systems that quantify the hidden costs of employee turnover, enable smarter decisions about compensation and wellness programs, measure engagement and employee attitudes and their linkage to profitability.
As HR transitions from a transactional role to a strategic business partner, they must closely align to the business strategy so as to directly contribute to the needs of the business. Metrics provide tangible, measurable evidence of this impact, and allows HR to validate their role to upper management while influencing profitability and business efficiency.
How can your organization use metrics to build and improve company success?
Join us at the HR Metrics Summit on February 16-18 in Chicago as we hear from our speakers on the best metrics and analysis strategies to achieve your organization’s business goal. This program presents for best practice metrics and analysis techniques for talent management, performance management, compensation and wellness programs, and beyond. Learn from your peers about how they’re using metrics to achieve their business goals.
Tags: Balanced Scorecoard | Charles Hannabarger | Frederick Buchman | dashboard | Metrics
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