Question

The ________ is a process for assigning financial and nonfinancial goals or metrics to the human resource management-related strategy-map chain of activities required for achieving the company's strategic aims

Select one:
a. HR scorecard
b. vision statement
c. digital dashboard
d. benchmarking process

Answer 1

The HR scorecard is a process for assigning financial and nonfinancial goals or metrics to the human resource management strategy. It helps align HR strategies with overall business goals and enables data-driven decision-making.

Step-by-step explanation:

The HR scorecard is a process for assigning financial and nonfinancial goals or metrics to the human resource management-related strategy-map chain of activities required for achieving the company's strategic aims. It is a tool that helps organizations align their HR strategies with the overall business strategy.

For example, let's say a company has a strategic aim of reducing employee turnover. The HR scorecard would help identify specific HR metrics like turnover rate, training and development programs, and employee engagement surveys that can be measured to track progress towards achieving this strategic goal.

By using the HR scorecard, businesses can monitor and measure their HR performance and make data-driven decisions to improve their human resource management practices and contribute to the company's overall success.