Developing HR Scorecardghrd.in/wp-content/uploads/2019/03/HR-Scorecard-and-HR... · 2019-03-08 · Template : KPI Table for HR Manager • Key performance indicators are measurable

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Developing

HR Scorecard


You can download these

excellent slides at :

www.HR-Management-Slides.com


HR

Strategy

Map


Drive Long term

Shareholder Value

Enhance ROI of HR Strategic

Initiatives

Develop Internal HR

Capabilities

Develop Strategic

Employee

Competencies

Deploy HRIS System

HR Strategy Map

Financial

Internal

Customers

HR Internal

Process

Learning

Create Positive Work

Environment

Enhance “Internal

Customer” (Employee)

Satisfaction

Enhance Employee

Productivity

Apply Excellent

Recruitment

Process

Optimize

Performance

Management System

Implement Best

Talent Management

Practices


HR

Scorecard


Drive Long term

Shareholder Value

HR Scorecard

Strategic Objectives Key Performance Indicators

• Shareholder value

• Shareholder value growth

• ROI of HR Strategic Programs

and Initiatives Enhance ROI of HR

Strategic Initiatives

Enhance Employee

Productivity

• Profit per Employee

• Revenue per Employee


HR Scorecard


• Ranking in “Best Place to Work Annual

Survey” (conducted by Fortune

Magazine)

• % of Employee Turn Over

• Employee Satisfaction Index

Create Positive

Work Environment

Enhance “Internal

Customer” (Employee)

Satisfaction


HR Scorecard


Develop Strategic

Competencies

Apply Excellent

Recruitment Process

• Average lead time to recruit employees

• Recruiting cost per employee

• Performance of New Recruits during

the First Two Years of Employment

• Average Lead Time to Develop Strategic

Competencies

• Average Lead Time to Close Strategic

Competencies Gap

• % of Strategic Competencies Available

within the Organization


HR Scorecard


Optimize Performance

Management System

Implement Best Talent

Management Practices

• Number of Qualified Talents per

Strategic Positions

• Progress of Talent Development Plan

(actual vs. plan)

• % of Senior Managers who Have Been

Promoted Internally

• Average Competency Assessment

Scores

• Number of Performance Feedback

Session Conducted per Year


HR Scorecard


Develop Internal HR

Capabilities

Deploy HRIS System

• % of HR Employees who Develop

Individual Development Plan

• % of HR Employees who Fully

Execute Their Individual

Development Plan

• Progress of HR Portal

Implementation (actual vs. plan)

• Accuracy Level of HR Database


Template

“Performance

Scorecard

Table” for HR

Manager


Template : KPI Table for HR Manager



Key result areas are the

main goals that HR

manager needs to

accomplish. In this sample,

we have four key result

areas.



• Key performance

indicators are

measurable indicators

used to evaluate your

performance level

• Every Key Result Areas

must have at least one

KPI.

• Total number of KPIs

shoud be 8 – 10 items.



Weight of each KPI

should be defined.

Weight of KPI is

determined based

on the scale of

priority. Total weight

should be 100.



Targets are

defined based

on historical

data and

future

expectations.

Targets can

be

percentage,

number, or

score –

depending on

the type of

KPIs.



Actual is the actual

results. Or target

achievements.

We should develop

reporting system to

capture these results.





Formula to calculate

score : Actual / Target x

100 (for KPI Maximize,

the higher the better) or

Target / Actual x 100

(KPI Minimize; the

lower the better).





Formula to obtain

Final Score = Score x

Weight /100



Final Score is used to determine

bonus allocation, salary increase,

and promotion.

Documents

Developing HR Scorecardghrd.in/wp-content/uploads/2019/03/HR-Scorecard-and-HR... · 2019-03-08 · Template : KPI Table for HR Manager • Key performance indicators are measurable