Last post October 28, 2010 09:56 AM by senthil kumar R. 1 repiles.
Hi, I am in need of some practical data on Balanced Score Card Method for measuring Individual Performance. We have a KPI based system of appraisals and want to further strengthen it by introducing BSC measurement method. Would request all those who have already implemented this method to measure their employee's performance, to please share the practical details with me. I have the conceptual data on BSC. Regards, tara
Its great to know that many organizations are switching to the BSC system.
I work in a financial institution and its our 3rd year of the BSC implementation. Trust me, its far better than the old performance appraisal.
Offcourse, its not that easy to implement the BSC as the concept of objective target setting & evaluation may not fit in well in the minds of the workforce.
Therefore, the process needs to be done step by step.
Also, you might face difficulty in setting the objective KPIs / KRAs & Targets for the support functions like HR,Administration etc.
Individual performance need to be calculated based on their productivity and quality.