Balanced Scorecard

Strategy tree: HR metrics

Scorecard: Suggest a bonus and learning system 

This scorecard was created by John Smith, using Strategy2Act software.

Creation time stamp: 31.05.2006 16:51:25 

 

Vision tree: HR metrics
Suggested solution:  Suggest a bonus and learning system
  Sample: Suggest a system that connects learning and growth results with bonus fees

Solution response:

Improved on-the-job learning satisfaction, decrease a vacant period for new hires
Score: 40 of 100
Scorecard:
HR metrics DescriptionMeasureTargetScore
 Employee turnover 20
  Cost per Hirecalculation of advertising, agency fees, employee referrals, relocation, recruiter pay and benefits costs and the number of hires Sample: lwoer hire costs to 1K$ per hire3 of 2
  Turnover Costcalculation of termination, new hire, vacancy and learning curve costs 7 of 6
  Turnover Raterate of the employees leaving an organization 8 of 2
  Time to Fillthe period from job requisition approval to new hire start date 4 of 6
  Length of EmploymentLength of Employment (this indicator considers the job title, department, etc.) 5 of 4
 Recruiting 30
  Vacant Periodnumber of overall days the positions were vacant 8 of 6
  New Hires Performance Appraisalaverage performance appraisal of new hires, compared to previous period 4 of 12
  Manager Satisfactionaccording to the survey of hiring managers, compared to previous period 2 of 3
  Turnover Rates of New Hiresduring a specified period 8 of 3
  Financial Impact of Bad HireFinancial Impact of Bad Hire (according to turnover cost and cost per hire) 2 of 6
 Retention 20
  Preventable Turnoverthis indicator considers the reasons the employee left the organizations and what measures may be taken to prevent it 8 of 8
  Diversity Turnoverturnover rate in professional, managerial, and technical positions 4 of 4
  Financial Impact of Employee TurnoverFinancial Impact of Employee Turnover 8 of 7
 Training and Development 10
  Learning and Growth Opportunitiespercentage of employees who are satisfied with the learning and growth opportunities in the organization 2 of 4
  On-the-job learning Contentmentpercentage of employees who are satisfied with on-the-job learning, project assignments for growth and development, and job rotations     Comment: Sample: Suggest a system that connects learning and growth results with bonus fees3 of 3
  Opportunities for New Hirespercentage of employees who report training opportunities among the top three reasons they accepted the job 3 of 2

 

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