Improve HR Strategies through HR Score Card

HR STRATEGY IS THE VITAL STRATEGY IN THE COMPANY

To measure your strategies , we have to set the HR Score Card as measurement.

Below is the sample.

HR Balanced Scorecard Dashboard
	Perspective		Performance
	Employee turnover		54%
	Recruiting		66%
	Retention		72%
	Training and Development		26%
	Total Performance		54.5%
	Help
	-	You can change the values in "weight" column, the value must be between 0 and 10;
		"10" value means that the perspective or goal is the most valuable
	-	You can change the values in "Performance" column;
	Strategy tree and scorecard details:
	Perspective	Goal	Weight (x of 10)	Description	Performance (%)
	Employee turnover		2		54%
		Cost per Hire	1	Calculation of advertising, agency fees, employee referrals, relocation, recruiter pay and benefits costs and the number of hires	30%
		Turnover Cost	3	Calculation of termination, new hire, vacancy and learning curve costs	70%
		Turnover Rate	1		80%
		Time to Fill	3		40%
		Length of Employment	2		50%
		Total Performance in group		Employee turnover	54.0%
	Recruiting		4		66%
		Vacant Period	2	Number of overall days the positions were vacant	80%
		New Hires Performance Appraisal	4	Average performance appraisal of new hires, compared to previous period	90%
		Manager Satisfaction	1		20%
		Turnover Rates of New Hires	1		80%
		Financial Impact of Bad Hire	2		20%
		Total Performance in group		Recruiting	66.0%
	Retention		2		72%
		Preventable Turnover	4	This indicator considers the reasons the employee left the organizations and what measures may be taken to prevent it	80%
		Diversity Turnover	2		40%
		Financial Impact of Employee Turnover	4		80%
		Total Performance in group		Retention	72.0%
	Training and Development		2		26%
		Learning and Growth Opportunities	4	Percentage of employees who are satisfied with the learning and growth opportunities in the organization	20%
		On-the-job learning Contentment	3		30%
		Opportunities for New Hires	3		30%
		Total Performance in group		Training and Development	26.0%
		The total Performance in	HR Balanced Scorecard Dashboard		54.5%

If you need more guideline and consultation please contact wayancarma@hotmail.com