300 words Balanced Scorecard
| Performance Metrics: Balanced Scorecard [CLOs: 1, 2] |
A key measurement that is used by human resource management is the balanced scorecard. Before beginning your discussion, read the Human Resource Measurement: A Balanced Scorecard (Links to an external site.) article. In the article, an example of using the balanced scorecard for recruiting was described. For this discussion, put yourself into the role of a human resource manager that has been asked by the CEO to create a balanced score card for another area of human resource management (i.e.., motivation, performance reviews, training, laws and regulations, or work environment safety). Using your chosen area, create an example of how the balanced scorecard could be used. Your balanced scorecard must include the following:
- Objective(s)
- Description
- Actions
- Measures
In addition to your example of the balanced scorecard, explain how the results can positively affect the organization.
Your initial post must be a minimum of 300 words.
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Balanced Scorecard
Human Resource department has undergone developments in the previous years, thus, McDonald Corporation can embrace and implement new management techniques by other companies. The balanced scorecard will use innovation, growth, and learning to establish a relationship between good performance and employee perceptions towards organization performance.
(383 words)