Retirement Evaluation Balanced Scorecard metrics template for Excel
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Retirement Balanced Scorecard Metrics Template

Retirement KPI 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.

Retirement process in an organization can prove to be cumbersome if it is not handled efficiently. Managing the task requires the company to adopt a systematic approach so that each process and procedure is initiated smoothly and correctly. KPIs in this regard can be helpful in identifying those aspects of retirement process that play a crucial role in completing the overall task easily and in-time.

KPIs in Retirement process can be categorized in four major perspectives- Retirement planning estimate, Organization workforce distribution, Retirement procedures and plans and Replacement management.

Retirement planning estimate perspective talks about the estimates regarding the employees in the organization who are going to retire in the near future. It includes indicators such as % of employees aged 50+, % of senior executives near retirement age, % of management grade employees near retirement age and % of voluntary retirements in a year.

Organizational workforce distribution provides an overview of the workforce of the company. It incorporates indicators such as % of permanent employees, % part-time employees, % disabled employees and male/female ratio.

Retirement procedures and plans include indicators like number of retirement claims reported, % of retirement cases completed within appropriate time period, % of employees participating in Retirement funds and schemes and number of new retirement schemes and plans launched.

Replacement management takes into consideration KPIs like % of positions filled with internal sources, % of positions filled with external sources, number of training sessions held for new joiners and % increase in expenditure on training of new joiners.

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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
Retirement KPI - Strategy Map

Cascading Strategy Map:
Retirement KPI - Cascading Strategy Map

Cyclical Strategy Map:
Retirement KPI - Cyclical Strategy Map

Check overview scorecard report sample.

Check html scorecard report sample.

Check metrics (diamond) report sample.

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Retirement KPI in Excel:
  • Download trial version of Retirement Measures. Retirement Evaluation Balanced Scorecard is distributed as an Excel file. Before purchase you can download a trial version of the scorecard. Retirement Evaluation Balanced Scorecard Excel file contains a dashboard (see screenshots below), help information section, Balanced Scorecard details.
  • Purchase full version of Retirement Measures. 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.
  • Use Retirement scorecard online with BSC Designer Online system. This SaaS solutions provides world-wide access to scorecards with any web-browser.
  • It is necessary to start the design of KPIs with analysis of business problems, use Free SWOT Method Guide to perform this analysis. Check Balanced Scorecard Toolkit for scorecard designing instructions, download Key Risk Indicators (KRI) Toolkit for risk management.
More ideas on using Retirement KPI:

Retirement is a condition when a person stops working, thereby creating a vacuum for financial assistance. This sends him/her to search for appropriate retirement plans and make arrangements to fill the gap. Companies too are involved in organizing retirement planning policies for their employees the source of inflows.

However, the subject asks for a logical and scientific understanding about the subject and similar approach for gauging the situation.

One can take the required help from BSC (Balanced Scorecard) strategy that was conceptualized by Norton and Kaplan in 1990s. This was because of incapability of financial metrics in helping organizations analyze their well-being.

As a result of this, a successful culmination of financial and non-financial metrics was developed to know about the operations. Also, by knowing about the values and numbers, one can make sure that future decisions have a more concrete and solid basis.

By collecting related set of parameters, it is possible to conduct the retirement planning task successfully.

By arranging the retirement scorecards of retirement policies in a cascade form, the management can get down to individual levels also whenever there exists a need. Thereby, problems in the area of retirement planning can be dug and corrected.

More useful information for HR Evaluation:

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

We have designed Retirement 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 Retirement 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.

Retirement Evaluation Balanced Scorecard Screenshots

This is the actual scorecard with Retirement Measures and performance indicators.

Metrics for HR Evaluation. This is the actual scorecard with Retirement Measures and performance indicators. The performance indicators include: retirement planning estimate,% of employees aged 50+,% of senior executives near retirement age,% of management grade employees near retirement age,% of voluntary retirements in a year,organizational workforce distribution,% of permanent employees,% part-time employees,% disabled employees,male/female ratio,retirement procedures and plans,number of retirement claims reported,% of retirement cases completed in time,% of employees participating in retirement funds and schemes,number of new retirement schemes and plans launched,replacement management,% of positions filled with internal sources,% of positions filled with external sources,number of training sessions held for new joiners,% increase in expenditure on training of new joiners.

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 Retirement Measures or purchase full version of this Balanced Scorecard. Also, it is possible to import this scorecard into web-based balanced scorecard (BSC) software - BSC Designer Online, so it will be accessible to you and your employees with any web-browser.

 
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 Retirement Evaluation Balanced Scorecard

Right now you can download a trial version of Retirement 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.

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