Week 2 - Discussion

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Brookdale Community College *

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120

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Management

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Jan 9, 2024

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docx

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Week #2 Discussion Using the Internet, discuss two examples of how companies are using an HR scorecard to help create HR systems that support the company’s strategic aims. (Include both the examples of scorecard usage and how the scorecard tool supports the company’s strategic objectives.). Communication : The HR scorecard can be used as a communication tool with top executives and line managers. It provides immediate feedback about the performance of the HR department, allowing for timely adjustments and improvements. Basis for Discussions : The HR scorecard provides a foundation for discussions about HR development. It helps identify areas of strength and areas that need improvement, facilitating strategic planning and decision-making. Benchmarking : The HR scorecard provides a set of metrics that can be used to benchmark the performance of the HR department. This allows organizations to compare their HR performance against industry standards or against their own past performance. Showcasing Value : The HR scorecard can help demonstrate the value of the HR department to the organization. By showing how HR initiatives contribute to organizational goals, the scorecard can help establish the HR department as a strategic asset. Strategic Partnership : By aligning HR metrics with organizational goals, the HR scorecard can help establish the HR department as a strategic partner in the organization. This can enhance the role of HR in strategic planning and decision-making.
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