StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Use of the HR Scorecard - Assignment Example

Cite this document
Summary
The author of the following paper "Use of the HR Scorecard" argues in a well-organized manner that once the organization is made aware of how best its strategies work for human resources, several people-focused competitive advantages can be derived…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
Use of the HR Scorecard
Read Text Preview

Extract of sample "Use of the HR Scorecard"

As noted by Becker, Huselid, and Ulrich (2001), a company has a competitive advantage if it has what it takes to make customers select its products and services over what other competitors offer. Meanwhile, through the use of the HR scorecard to determine the best working outcomes for employees, it is possible to be guaranteed that the employees will show an attitude towards work that is directly responsive to customer requests, expectations, and needs, making customers select them over other competitors.

In the implementation of the HR scorecard, however, some challenges may be encountered. The first of these has to do with the assignment of assessment metrics to work outcomes that are considered more qualitative. A typical example of such work outcome is customer satisfaction. The second challenge has to do with cooperation from employees in the implementation of the outcomes with the HR scorecard (Lawler, Jamrog & Boudreau, 2011). The challenges can be minimized by having a communication system that fully involves employees and clearly explains the modalities of the HR scorecard to them.

Any functional HR scorecard is expected to have the following dimensions in its objectives:

 HR deliverables – to achieve increased productivity

High-performance work system – to use the work system in place to deliver a superior quality output of work based on stated specifications

HR system alignment – to coordinate with other departments in the delivery of work functions

HR efficiency measure - to use the work system efficiently to produce more outcomes with fewer resources

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“HR Scorecard Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/human-resources/1683207-hr-scorecard
(HR Scorecard Assignment Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/human-resources/1683207-hr-scorecard.
“HR Scorecard Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/human-resources/1683207-hr-scorecard.
  • Cited: 0 times

CHECK THESE SAMPLES OF Use of the HR Scorecard

Steps in Strategic Human Resource Management

There are seven steps associated with the implementation of the hr scorecard in the organization.... HR managers focus on the implementation strategy of the hr scorecard in context to the objective of the organization.... Performance measurement action needs to be integrated by the hr department to trigger the value creation process.... ome of the major performance measurement tools that are being used in the current business scenario include the Balanced scorecard, Economic Value Added (EVA), Activity Based Costing and Management, Performance Prism, and Quality Management....
7 Pages (1750 words) Essay

Implementation of Balanced Scorecard by Citibank

Economic-based models harness the use of traditional financial measures to evaluate whether the company's strategy contributes to the bottom-line progress of the company.... Usually, they tend to deviate from the balanced choice models in economics and inquire much into how limitations of human-information processing and decision-making strategy affect the use of performance measures.... This paper "Implementation of Balanced scorecard by Citibank" examines the varied theoretical lenses provided by economics, psychology, and sociology that are effective in the understanding the issues the bank observe during the implementation of the balanced scorecard....
10 Pages (2500 words) Essay

Balanced Scorecard in the Chinese Commercial Banking Sector

The paper "Balanced scorecard in the Chinese Commercial Banking Sector" portrays that performance management enables organizations to measure, plan and control activities in accordance with predefined strategies.... Some of the major performance measurement tools that are being used in the current business scenario include a Balanced scorecard, Economic Value Added (EVA), Activity Based Costing and Management, Performance Prism, and Quality Management.... However, among the aforementioned tools, the importance and usage of a balanced scorecard will be principally highlighted throughout the entire report....
27 Pages (6750 words) Dissertation

Various Factors Involved in Employee Performance

The paper "Various Factors Involved in Employee Performance" highlights that surveys have found that although managers agree that helping employees develop is crucial to company success, most employees do not find managers to be effective in this endeavor.... ... ... ... Although leadership can offer incentives for an increase in employee performance, without cooperation and understanding from the company's workers themselves, little will be accomplished....
8 Pages (2000 words) Essay

Balanced Scorecard for Banagas

This essay declares that the use of Balanced Scorecard as a tool of strategic planning is a very common phenomenon.... This paper examines the application of Balanced scorecard in Banagas a company that activates in the marine industry.... The company has an international presence however its performance has been found to be enhanced after the implementation and the application of Balanced scorecard in its daily operations.... From this report it is clear that Balanced scorecard was created in 1992 by Robert S....
16 Pages (4000 words) Essay

Balanced Scorecard in Practice

The paper "Balanced scorecard in Practice" presents some of the facets of a balanced scorecard and an account of the approach in practice.... To measure a firm's activities in terms of its vision and strategies, a concept of Balanced scorecard was introduced by R.... There are several studies conducted on the subject of Balanced scorecard to develop the concept adaptable to the changing circumstances and needs of the organizations....
7 Pages (1750 words) Term Paper

Application: Constructing an HR Scorecard

The ways and means by which each of the dimensions of the hr scorecard is expected to be used have been.... The ways and means by which each of the dimensions of the hr scorecard is expected to be used have been briefly displayed below.... This particularly modality is expected to transform into the overall expectation or outcome of the hr scorecard for value creation.... There are different ways in which the hr scorecard prepared above may be used to demonstrate and achieve value creation that aligns with the organization's strategic goals....
2 Pages (500 words) Assignment

Use of Balanced Scorecards

The paper "use of Balanced Scorecards" is a perfect example of an essay on finance and accounting.... The paper "use of Balanced Scorecards" is a perfect example of an essay on finance and accounting.... This is supported through various tools including balanced scorecard, strategy mapping and financial and non-financial key.... This is supported through various tools including a balanced scorecard, strategy mapping, and financial and non-financial key performance indicators....
13 Pages (3250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us