Question

Explaining the steps in hr scorecard approach

Answer 1

The HR scorecard approach is used to measure the efficiency and effectiveness of the HR function in creating employee behaviors required to achieve the strategic goals of the company. The seven steps involved in the HR score card approach of a company are:

*Defining the business strategy

*Outlining the value chain activities

*Identifying the organizational outcomes required strategically

*Identifying the workforce behaviors needed

*Identifying the appropriate HR system activities and policies strategically. Examples are up to date grievance and training systems.

*Designing the HR Scorecard measurement system

*Reevaluating the measurement system periodically