HR accounting Balanced Scorecard Metrics Template

HR accounting Balanced Scorecard KPI - Balanced Scorecard metrics template example

The Balanced Scorecard (BSC) dashboard indicates performance within each perspective and the total performance of HR.

Click to see more screenshots below.

Quality and quantity of assets present in an organization can specify its position in the prevailing market. One such precious asset is human resources. Putting these assets of the organization on the balance sheet is a new trend. But carrying out this process efficiently and effectively is a difficult task which requires a strategy-focused approach. KPIs can be a good way to perform this task.

In this context, four perspectives can be considered. These are: - HR costs; HR investments; HR outcomes; and some other Strategic factors.

HR costs perspective specifies the overall costs incurred on human resources and includes KPIs such as acquisition costs, remuneration, manpower planning and cost of non productive hours.

Next perspective, i.e. HR investments, considers that skills and abilities of the employees are the key to competitive advantage and that they can be enhanced by making planned investments. Specific areas of investments include information systems, education & training, succession planning and insurance.

HR outcomes can be known by looking at revenues, number of on-time deliveries, employee turnover, and yield. Improvements in these parameters can be attributed to a sound HR accounting plan.

Factors such as client satisfaction, market share, product and process quality, and strategic achievements can be grouped together under the strategic perspective in which each factor has its own importance.

These indicators can be arranged in a balanced scorecard and utilized by any organization to effectively and efficiently calculate the cost and benefits associated with their human resources.

Notice from developers: the version of web-based KPI system is in development now.

There are more types of strategy map supported - including snowflake, vertical and horizontal trees

HR accounting Balanced Scorecard - Strategy Map

Cyclical Strategy Map:

Classical Strategy Map:

Check overview scorecard report sample.

Check html scorecard report sample.

Check metrics (diamond) report sample.

We share best "how-to" ideas:

Subscribe to Balanced Scorecard ideas newsletter provided for free by authors of Strateg2Act web-site. You will have 1-2 emails every week with balanced scorecard ideas and tips.

Email:

HR accounting KPI in Excel:

Download trial version of HR accounting Performance Indicators. HR accounting Evaluation Balanced Scorecard is distributed as an Excel file. Before purchase you can download a trial version of the scorecard. HR accounting Evaluation Balanced Scorecard Excel file contains a dashboard (see screenshots below), help information section, Balanced Scorecard details.
Purchase full version of HR accounting Performance Indicators. Immediately after your order will be processed you will have a link to download Balanced Scorecard (BSC) Excel file and file in Balanced Scorecard Designer format.
Check Balanced Scorecard Toolkit for scorecard designing instructions.

More ideas on using HR accounting KPI:

HR accounting is concerned with valuing the Human assets possessed by a given organization. Further, these are then listed on the balance sheet under the ‘assets’ head. However, coming up with numbers that can be assigned to this category is a tough task in itself. On of the major difficulties relates to the ‘qualitative aspect’ of the topic.

One of the methodologies by which this act of HR valuation can be successfully and easily established is the usage of KPIs (Key Performance Indicators) in the job. These remove the ‘qualitative’ fraction in the thought-process as values and numbers gain a higher importance in the subject. This lends the results a more solid and substantial ground for making decisions and conclusions.

Moving on, calculating the value of human resources is increasingly gaining acceptance as HR can be taken to be the strongest pillar on which an organization rests; thereby making its evaluation an almost obvious task.

Further, improvements can be carried on by looking at the various factors and perspectives involved such as ‘motivation level’, ‘loyalty’, ‘skills’ etc. One can quantify these by using a ‘scaling method’ and ensure ‘by regular analysis’ that values are always favorable.

Various methods for calculating human resources asset are available, one can choose any of the suitable ones.

More useful information for HR Evaluation:

Related metrics and KPIs for: HR, HR Hire, HR Training, Leadership, Motivation, HR Outsourcing, Awards, Retirement.
Customers who viewed this item also viewed: HR Scorecard Pack | Finance Metrics | Banking Metrics
Are you a specialist in HR area? Be a partner for balanced scorecard software and info-products.
HR best practices articles: How to invest in hiring, HR Training And Development, Human Resource management, KPI vs. Balanced Scorecard, 24 Key HR Management Issues All articles about measuring performance in Accounting.
Balanced Scorecard e-course. In this e-course you will learn more about Balanced Scorecard niche. We talk about Balanced Scorecard design and management issues.
With BSC Designer user can generate strategy map for HR accounting Performance Indicators. The map is a great way to visualize performance indicators and relationship between them.
Balanced Scorecard toolkit. Is a whitepaper where you will learn more about mathematics that stands behind Balanced Scorecard, you will learn basic ideas that will help to design your own scorecard, develop and implement KPI in your business processes.
Balanced Scorecard fact sheet. The collection of business facts and statistics on Balanced Scorecard.
Recent posts in KPI forum: Use promotion scorecard for having marketing attempts, College Research measures are to measure research attempts, Coverage metrics are for managing car insurance business
Scorecard Design Software. This metric was designed with Balanced Scorecard Designer. This is a great tool for scorecards or KPI building, performance measurement and information sharing.
Can add value to HR accounting KPI? Be a partner for balanced scorecard software and info-products.

Business Intelligence (BI) for HR - measure performance with HR accounting Scorecard for Excel

We have designed HR accounting Balanced Scorecard (BSC) in MS Excel, so now you can measure and control your performance using this popular business tool. Download trial version right now.

Alignment with Balanced Scorecard and KPIs is a great way to control the performance of HR.

In comparison to other business performance measure and control methods, alignment with KPI is much more easier to implement and use. Use HR accounting scorecard to align business performance.

Why do I need these metrics?

MS Excel files that we distribute are a spreadsheets packed with metrics information and the performance calculation formulas.

It's a real-business information. We invested in research that involved experts from HR Evaluation industry who elaborated and shared certain metrics. It's valuable, real-life experience which will help to improve the performance of your business.

I'm sure you understand the importance of measuring and controlling business using correct metrics, so this small investment will return in a great increase in sales.
To get a basic idea about what metrics to use. We learned a lot of business metrics and packed scorecard with the most successful.
To have a sample excel file, which is easy to modify to fit your needs. All Excel formulas are available for copy and change.
To start with measuring business performance. It's important to start with correct metrics, then you will be able to fulfill scorecard.

Cascading Scorecards. Establish connection to scorecard located in the web or in local network

Strategy Maps in Balanced Scorecard Designer

HR accounting Evaluation Balanced Scorecard Screenshots

Metrics for HR Evaluation. This is the actual scorecard with HR accounting Performance Indicators and performance indicators. The performance indicators include: hr costing and accounting,hr costs,acquisition costs,remuneration,manpower planning costs,cost of non productive hours,hr investments,education and training,succession planning,insurance,information systems,hr outcomes,high revenue growth,on time delivery,employee turnover,increase in productivity,strategic achievements,client satisfaction,market growth,product and process quality .

These indicators can be converted from text into the visualized view with BSC Designer strategy map function. Right now you can download trial version of HR accounting Performance Indicators or purchase full version of this Balanced Scorecard.

Some help information that explains how to interpret scorecard.

Some Balanced Scorecard help information that explains how to interpret scorecard. What scores and weights can be changed.

Download or purchase HR accounting Evaluation Balanced Scorecard

Right now you can download a trial version of HR accounting Evaluation Balanced Scorecard or purchase a full version online. Also, if you are interested you can subscribe to our e-course that helps a lot with Balanced Scorecard design.