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Hr Scorecard

In: Business and Management

Submitted By niharika20
Words 3351
Pages 14
Table of Contents

Acknowledgement 2 Table of Contents 3 Executive Summary 4 HR Scorecard – The Birth 5 HR Scorecard 6 Indicators of HR Scorecard 8 Balanced Scorecard 10 Relation between HR Scorecard & Balance Scorecard 11 Designing HR Scorecard 12 The Implementation 14 Sample HR Scorecard 15 Primary Research Industry Example: The Taj Group 16 Industry Example: NTPC 17 Pros & Cons 18 Conclusion 19 References 20

Executive Summary
This project is based on finding the rationale behind the development of HR Scorecard and the reasons behind its successful implementation in companies worldwide.

HR Scorecard is a tool used by the organization to match HR deliverables with the strategic aspect of the business. It provides a platform to measure HR performance and efficiency and how it can be molded to adapt to the ever-changing strategies of the company. First the strategy of the business is identified and the basis of that, KPIs of HR Scorecard is designed. Implementation of HR Scorecard involves complete acceptance of the system by the employee as well as the employer. Also it requires the development of a flexible system, which can be revised and reformed according to different scenarios.

Overall Performance of Company
The Company’s capacity to implement strategy
Strategically Focused Employees
Performance Measurement System
HR Strategic Alignment
Knowledge Management System
HR Scorecard helps to highlight the role of the HR as that of the Strategic Business Partner. HR department can contribute in the strategy by becoming cost effective and creating added value for the company.

HR’s emerging strategic potential is very efficiently gauged with the help of HR Scorecard. Many Indian companies like NTPC, The Taj Group have adopted and implemented HR Scorecard, which we will discuss in detail in the course of…...

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