Deciding which HR KPIs are the best fit for your business is only part of the equation. Once you’ve selected which metrics to track, you next need to create a balanced HR scorecard. An HR scorecard represents KPI data that leadership can use to visualize and analyze the success and failures of the KPIs themselves.
You can think of the scorecard as a kind of overview of KPI effectiveness, providing easy-to-follow and objective demonstration of HR KPI value and the contribution being made by the HR department towards achieving company goals. At the same time, scorecards help keep employees focused on those activities that positively impact the organization.