Companies use HR scorecards to track employee performance as it aligns to outcomes defined in overall strategic goals. What do companies get out of monitoring this performance? Are they able to gauge their progress towards their strategic goals? How do managers use the information they find?
In this project, you will explore the important relationship between employee performance and overall organizational success—and the importance of continuously tracking performance and its impact to strategic goals.
Deliverables
A 500-word summary
An HR Scorecard
Activity Details
Step 1: Read and research.
Review the lesson readings and research the Cline Library or the Internet for five examples of how real businesses apply HR scorecards to assist in developing HR performance appraisal systems that align with the company’s strategic goals.
Step 2: Write a summary.
Incorporate your research from Step 1 into this 500-word summary.
Consider and respond to the following:
Do all companies and their management teams define HR scorecards in the same way? What are the similarities and differences?
What type of metrics are included in a scorecard?
How do the metrics help HR managers make decisions?
Do the metrics align with the organizational goals?
Why is it important to have a well-designed set of metrics?
Step 3: Create an HR Scorecard
Based on your reading and research create an HR Scorecard for a large company of your choice (that doesn’t have a scorecard currently that you are aware of).