Summary of How to build an HR Balanced Scorecard Webinar

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00:00:00 - 00:30:00

In this webinar, Lucinda Kearney discusses how HR professionals can build a balanced scorecard to demonstrate their value to the business. She provides tips on how to operationalize HR activities, link HR measures to business goals, and incentivize activities that lead to business growth.

  • 00:00:00 This video is about how to build an HR balanced scorecard and demonstrate strategic value. Lucinda Kearney, a chartered psychologist, discusses how HR professionals can improve their strategic skills and demonstrate value to the business. She also discusses how to turn strategy into action and link HR measures to business goals.
  • 00:05:00 The presenter discusses how to align HR strategy with business growth. They suggest using systems and processes to operationalize HR activities and making sure goals are clear and aligned with the company's direction. They also mention incentivizing activities that lead to business growth.
  • 00:10:00 The presenter discusses how to be strategic in HR by having a defined strategy and vision for the business. They also discuss how easy it can be for HR to be non-strategic if the business does not have a strategy. Finally, they ask a question about whether or not a business has a strategy and receive a majority of "yes" responses.
  • 00:15:00 This 1-hour webinar is designed to help HR professionals develop a strategy for balancing their organization's goals and objectives. The presenter provides common-sense tips for understanding and implementing a strategy, including five steps to follow. The example provided illustrates how to develop a strategy for a company losing business to a new competitor.
  • 00:20:00 The speaker discusses how to build an HR balanced scorecard, which is a tool that differentiates between lagging indicators to help identify areas where improvements can be made. He also discusses how to measure the impact of HR and learning and development activities on company results.
  • 00:25:00 This video provides tips on building a HR balanced scorecard. The presenter discusses various metrics that could be included in a HR balanced scorecard, such as training budgets, employee turnover rates, and customer satisfaction rates. The presenter also discusses how to improve the effectiveness of procedural activities such as employee recruitment and performance management. Finally, the presenter provides tips on improving employee growth and learning and growth.
  • 00:30:00 The presenter offers tips for building an HR balanced scorecard, including noting key metrics and aligning them with business strategy, and explaining how to use HR uprising resources to find measures of value that are more meaningful than easy to measure metrics. The presenter also discusses the next webinar topic, organizational development.

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