1. what is the importance of balance scorecard 2. In this section, provide an overview of the...
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Question:
1. what is the importance of balance scorecard
2. In this section, provide an overview of the four perspectives of the Balanced Scorecard: Financial, Customer, Internal Processes, and Learning & Growth.
For each perspective, you should provide specific details and examples of how it applies to HR at Walmart.
- Financial: How does HR at Walmart contribute to the organization's financial performance? This could include metrics such as cost savings, revenue generation, or ROI on HR investments.
- Customer: How does HR at Walmart support the organization's customer-centric mission? This could include initiatives such as employee training or customer feedback programs.
- Internal Processes: How does HR at Walmart help to optimize internal processes? This could include initiatives such as streamlining recruitment or improving employee engagement.
- Learning & Growth: How does HR at Walmart promote continuous learning and development? This could include initiatives such as skills training or leadership development programs.
III. HR Application
- In this section, you should provide specific examples of how HR concepts, strategies, and solutions have been applied at Walmart. This could include initiatives such as:
- Diversity and inclusion programs
- Talent management and succession planning
- Employee engagement and retention strategies
- Performance management and rewards programs
- Training and development opportunities
- For each initiative, you should explain the objectives, implementation process, and outcomes, as well as any challenges or lessons learned along the way.
- explain how HR leaders creat alignment between organizational strategy and HR strategy. This could include topics such as:
- Developing a clear understanding of the organization's strategic objectives and how HR can support them
- Aligning HR metrics and KPIs with organizational goals
- Building partnerships and relationships across different departments and functions
- Developing and communicating HR policies and procedures that are consistent with organizational culture and values
- You should then analyze how Walmart's HR strategy aligns with the overall organizational strategy, and provide recommendations for improving HR strategic alignment at the organization.
- summarize the key points and reiterate the importance of the Balanced Scorecard in HR.
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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