A frequent challenge for HR is the pressure to justify the value of HR investments. The HR Scorecard provides a framework for measuring & illustrating the strategic impact of HR. This has proven to be an important benefit to HR executives who are striving to maximize their organizations’ contribution to the goals of the larger enterprise. The HR Scorecard is based on the concept of the Balanced Scorecard and as such a framework that helps HR to translate strategy into operational objectives that drive both behaviour and performance. It accomplishes this by viewing the activities in terms of four perspectives. Related to each other, they define a comprehensive strategy in operational terms that can be translated directly into objectives, measures and initiatives linked to the accomplishment of strategic goals.
Our Solutions: From HR Strategy Map to Operation
NorthgateArinso supports you in all phases of an HR Scorecard project. By linking objectives and performance to strategic business goals, the HR Scorecard becomes a powerful mechanism for: helping in identifying and communicating the HR strategy, demonstrating the strategic value of HR, prioritizing HR initiatives, creating an HR strategy implementation roadmap and enabling HR staff to understand business issues and needs and apply knowledge across all parts of their mission. Phases of the HR Scorecard project:
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HR Scorecard Strategy
Designing the concept aligned with the overall HR Performance Measurement approach
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HR Scorecard Design
Designing the HR Scorecard: Strategy map, performance measures, initiatives / projects and ownership
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Tool Selection
Selecting the suitable tool to support the HR Scorecard.
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Implementation
Implementing the selected tool
Our Approach: Excellence in Execution
The following describes our approach in designing the HR Scorecard. To learn more about our approach when selecting and implementing the HR Scorecard tool, we gladly refer to our HRIS Application Selection and our HR Transformation Roadmap for Implementation. We support you in translating the results of the strategy formulation phase into a Strategy Map which helps you to focus on the top 15 to 25 key HR objectives you need to deliver on. For each of these objectives, the owner and a set of performance measures will be identified to track the implementation of the strategy. In addition we support you in identifying the top projects / initiatives that you need to focus on. Our approach ensures the buy-in of the main stakeholders and opens the door for the next steps: Tool Selection and Implementation.
