HR Balanced Scorecard

The balanced scorecard was extremely trendy several years ago. The balanced scorecard is about the longterm vision for the organization and balancing the goals in all areas needed for the successful organization.

The balanced scorecard defines and balances the goals in four main areas - finance, clients, processes and people. The balanced scorecard is a visualization of the goals in the areas and the top management can easily see, how balanced the growth of the company is.

Human Resources has a significant role in the balanced scorecard as one part of the balanced scorecard is about employees (the people part). The goals in other areas have to be aligned with the people part and the top management can push the managers to take care of the employees as they are the only resources to work on the improvement of the other areas of the balanced scorecard.