Social Security Balanced Scorecard Metrics Template
Social Security programs owing to their inherent complexity require a tracking mechanism for their successful execution. This leads to the need of finding important areas to be followed and related indicators should be framed under each of those. The perspectives in this case can be- Internal Operations, Processes Perspective, Funds’ Sources and Application Assessment and Growth and Progression Perspective.
Indicators like ‘Number of services offered’, ‘Interest rate at which assets earned’, ‘Number of fraudulent cases encountered’ and ‘Number of credits offered in one year’s period’ can be used for having ‘Internal Operations Perspective’.
Processes Perspective can be evaluated using KPIs such as ‘Actuarial Deficit: Taxable Payroll’, ‘Number of people who had their earnings covered by Social Security’, ‘Number of beneficiaries in one year’ and ‘Time consumption in applying’.
‘Funds’ Sources and Application Assessment’ can be assessed with metrics like ‘Annual Income’, ‘Administration costs: Total Income’, ‘Value of benefits paid’ and ‘Total Expenditure incurred’.
Lastly, analysis of ‘Growth and Progression Perspective’ is possible using KPIs like ‘‘Number of beneficiaries increase’ Index’, ‘Funds Procurement Ease Rise’, ‘Drop in unemployment Ratio’ and ‘Citizens’ satisfaction scaling’.
Social Security Metrics in Excel:
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Download trial version of
Social Security Dashboard.
Social Security Evaluation Balanced Scoreboard is distributed
as an Excel file. Before purchase you can download a
trial version of the scorecard.
Social Security Evaluation Balanced Scoreboard Excel file
contains a dashboard (see screenshots below), help information
section, Balanced Scorecard details.
- Purchase full version of
Social Security Dashboard. 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 Social Security 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 Social Security KPI: Social Security is concerned with providing people a shield against socially recognized conditions such as old age, poverty, unemployment etc. This is the governmental responsibility that revolves around making sure that residents of the nation get sufficient protection and enough support for growing and progressing. The tasks that fall under this domain are ‘social insurance’, ‘services’ and ‘income maintenance’, ‘education’, ‘clothing’, ‘medical care’. Carrying forward these activities serves the purpose of creating a conducive environment for citizens and help them fight the unavoidable difficulties associated with society. Several agencies are engaged in such tasks with an ultimate aim of offering the society the much needed ‘safe and secure life’ away from worries. However, keeping a track of all these attempts is a necessity. Moving on, the efforts taken in this direction can be measured and managed by using a performance tackling tool called BSC (Balanced Scorecard). It depends on the metrics and indicators for allocating numbers to steps and moves to the procedure. Summing it all, one can tilt the bar in own favor by being proactive in approach that in turn is enabled by metrics-loaded BSC.
More useful information for Social Estimation:
Business Intelligence (BI) for Social - measure performance with Social Security Scorecard for Excel
We have designed Social Security 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 Social.
In comparison to other business performance measure and control methods, alignment with KPI is much more easier to implement and use.
Use Social Security 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 Social 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.
Social Security Evaluation Balanced Scoreboard Screenshots

Metrics for Social Estimation. This is the actual scorecard with Social Security Dashboard and performance indicators.
The performance indicators include: funds’ sources and application assessment,annual income,value of benefits paid,administration costs: total income,total expenditure incurred,internal operations,number of services offered,interest rate at which assets earned,number of fraudulent cases encountered,number of credits offered in one year’s period,processes perspective,actuarial deficit: taxable payroll,number of people who had their earnings covered by social security,number of beneficiaries in one year,time consumption in applying,growth and progression perspective,‘number of beneficiaries increase’ index,funds procurement ease rise,drop in unemployment ratio,citizens’ satisfaction scaling.
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 Social Security Dashboard 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. |
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Some Balanced Scorecard help information that explains how to interpret scorecard.
What scores and weights can be changed. |
Download or purchase Social Security Evaluation Balanced ScoreboardRight now you can download a trial version
of Social Security Evaluation Balanced Scoreboard 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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