HR Balanced Scorecard
The balanced scorecard is used for the management of organizations as the goals are well balanced in different areas. The managers tend to focus on a single goal, which has to be reached and the balance scorecard helps to streamline the approach as the organization is not in a danger of the imbalance.
The balanced scorecard helps to find a right approach between the cost cutting and investing into the future of the organization, the process improvements and the employees of the organization. The tool is pretty simple, but it shows the whole complex of the organization on a single sheet of the paper.
HR Balanced scorecard helps to Human Resources to prioritize the initiatives and it helps to find the right approach to managers and employees. The advantage of the HR Balanced scorecard is in showing the priorities of Human Resources and how they are connected together. Additionally, it helps to communicate the priorities to managers as they can see, what is the target of Human Resources in the coming period.