Scorecards and Dashboards: Translating HR Strategies Into Meaningful Metrics and Staying Focused
Though it has been around for some time, there are some advances being made in the Balanced Scorecard. Once viewed as only a process, it is now being viewed as a system for management. A critical element of that system is Human Resources.
Recognizing this, successful HR departments are helping to manage their organizations using the Balanced Scorecard, by planning their performance measurements across the four distinct legs of the balanced scorecard, to maximize their overall financial performance while building a solid foundation for the future. In this whitepaper, Charles Hannabarger and Frederick Buchman, authors of Balanced Scorecard Strategy for Dummies, offer a system that results in proactive rather than reactive decisions.