Utilizing the Balanced Scorecard for HR Decision Making

Name: Utilizing the Balanced Scorecard for HR Decision Making
Author: Eboni Mathis

This course identifies important tools for strategizing, such as an HR strategy map and a balanced scorecard. It covers how best to meet your organization’s…

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(cheerful music) The following lessons will demonstrate important tools for strategizing, such as an HR strategy map and a balanced scorecard. You will learn how to better meet your organization's deliverables, as well as create efficiencies by properly utilizing technology. HR leaders are challenged to develop strategies for engaging with employees that align with the organization's mission. Many employees start their jobs with a limited understanding of how their role connects to the organization's overall goals. Think about your own job and how it aligns with your company's mission or vision statement. When you complete your work, do you ever assess how it contributes to your employer's overall expectations? Does your supervisor or leader meet with you to ensure that you're on the right track? If you can answer yes to these questions, then your organization is properly strategizing your work to align with their business goals. When people feel as though they are part of the employer's overall mission, they are more likely to feel connected as a contributor to the organization's success. (bubble popping) When employees only connect to their specific department's plans and goals with little to no insight on how they can impact things on a higher level, the organization suffers. (air whooshing) Offer additional training and workshop opportunities to help people feel more connected. You might also need to introduce the idea of scheduling more face-to-face interactions with employees and leaders. (air whooshing) It will help your employees understand the company vision or business plan to hear it from higher-ups directly. This can be done in monthly seminars or weekly meetings. Mapping out people's roles to reach deliverables can lead to the intended outcomes if they are properly communicated. This can be done with an HR strategy map. This map is a framework that clearly connects employee objectives with organizational plans and processes. (air whooshing) Providing your employer with a strategy map can help them take ownership of their role, and as a result, be more reliable and productive. Providing your employees with a strategy map can help them take ownership of their role, and as a result, be more reliable and productive. Have you ever taken ownership over your work tasks? Were you allowed to restructure or change your duties to better meet your goals? An effective HR strategy helps facilitate this type of engagement so that employees can meet their targets.

Intermediate Provider : Eboni Mathis 4 Lessons · 7m in Arabic, German, English, Spanish, French, Portuguese, Chinese

Course Description

This course identifies important tools for strategizing, such as an HR strategy map and a balanced scorecard. It covers how best to meet your organization’s objectives while creating efficiencies by properly utilizing technology. The tools you learn will help you ensure that your employees’ needs are being met.

What You'll Learn

Create and use an HR strategy map to define deliverables
Implement the balanced scorecard for HR decision making
Manage and retain talent within your organization
Create HR efficiencies by properly utilizing technology
Align HR policies, processes, and practices with online systems

Key Takeaways

The HR strategy map and balanced scorecard are important tools for strategizing in HR decision making.
Properly utilizing technology helps meet organizational objectives while creating efficiencies.
Aligning HR policies, processes, and practices with online systems supports HR efficiency.
The tools covered help ensure that employees' needs are being met.

Frequently Asked Questions

What tools does this course cover?

The course identifies important tools for strategizing, including an HR strategy map and a balanced scorecard.

What will I learn in this course?

You will learn how to manage and retain talent and how to create and use an HR strategy map, along with creating HR efficiencies and implementing the balanced scorecard.

How does this course address technology?

It covers how best to meet your organization's objectives while creating efficiencies by properly utilizing technology, including aligning HR policies, processes, and practices with online systems.

What topics are included in the lessons?

Lessons cover the HR Strategy Map and Deliverables, Aligning HR Policies, Processes, and Practices with Online Systems, Creating HR Efficiencies, and Implementing the Balanced Scorecard.