Balanced Scorecard. The Challenge of Measurement in Human Resource Management

Seminararbeit , 2011 , 19 Seiten , Note: 2.0

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As people are the most important and valuable assets a company has, the human resource management (HRM) has a strategic role to play. However, not always this importance of HRM is seen and human resources (HR) as an organization have in some companies a minor standing.

In order to measure the contribution of HRM to the corporate results a measurement system has to be established. This measurement system, the balanced scorecard (BSC), breaks down the corporate strategy to each level of a company and describes measures accordingly which finally makes the HRM role measureable.

This assignment provides some background information about the balanced scorecard approach in general and for human resource management in particular. The information covers the different perspectives of a BSC as well as some possible measures.

Further on, the performance measurement in HRM is described dealing with an explanation why it is not straight forward and were difficulties are. The chapter deals also with the benefits and how to measure them. As a summary the ad-vantages and limitations in using a balanced scorecard in the HRM are given. The work is closing with the ITM checklist providing a holistic overview of using the BSC approach inside a company and in HRM.

Table of Contents

Executive Summary

List of Abbreviations

List of Figures

1. The Balanced Scorecard
1.1. The Concept of a Balanced Scorecard
1.2. The Benefits of a Balanced Scorecard
1.3. The Balanced Scorecard as Measurement based Management Instrument

2. The Balanced Scorecard for Human Resource Management
2.1. HR-BSC – Financial perspectives
2.2. HR-BSC – Business perspective
2.3. HR-BSC – Customer perspective
2.4. HR-BSC – Learning & Growth perspective

3. The Measuring Challenge in Human Resource Management
3.1. Human Resource Performance Management
3.2. How to Measuring Performance in Human Resource Management
3.3. Benefits of Human Resource Performance Management

4. Advantages and Limitations using a Balanced Scorecard in Human Resource Performance Management

ITM Checklist

Bibliography

• Hochschule: FOM Hochschule für Oekonomie & Management gemeinnützige GmbH, München früher Fachhochschule
• Veranstaltung: MBA
• Note: 2.0
• Autor: Matthias Beer (Autor:in)
• Erscheinungsjahr: 2011
• Seiten: 19
• Katalognummer: V233248
• ISBN (eBook): 9783656494836
• ISBN (Buch): 9783656495338
• Sprache: Englisch
• Schlagworte: HR, Balanced Scorecard, HRM, MBA, Human Resource Management