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BSC v/s HR Scorecard
Human Resources » Performance Management


Chrm Message From: meera Total Posts: 35 Join Date: 25/11/2006
Rank: Executive Post Date: 12/05/2008 08:55:53 Points: 175 Location: United States

Hi all,

Can anyone tell me the differrence between balance scorecard and HR scorecard.

Thanks

meera

Chrm Message From: vinayakprasad4 Total Posts: 3 Join Date: 25/11/2006  
Rank: Beginner Post Date: 22/07/2009 08:23:55 Points: 15 Location: United States

Hi Meera!

A Balanced Scorecard is a scientific method of Performance Measurement System. As the name suggests, a 'Balanced Scorecard' needs to have four main perspective that is the key to a balanced growth of an organization:

1) Financial

2) Customer

3) Process

4) Capability

The BSC (Balanced Scorecard) contains objective or close to objective KRA (Key Result Area) / KPI (Key Performance Indicators) with Targets & Weightages assigned to the Individual KRA / KPI.

Now, the art here is to set the correct / objective KRAs / KPIs that would help in the growth of the organization.

A Scorecard flows from Top to Down. i.e. The Strategy is first penned down in a scorecard at organization level and then it flows down to the department levels & then till the last officer of each department.

Therefore, each Department , each officer would have different scorecard.

Similarly, the HR Department / Function would have a different scorecard than say Administration Department or Accounts Department.

Hope the concept is clear.

Regards,

Vinayak.

 

 

 

 

 
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