PERFORMANCE MANAGEMENT & MEASUREMENT IN HR AND PAYROLL

The article brings out a proposed strategy map and respective key performance indicators (KPIs) in human resources (HR). The article provides an overview of how HR activities are supported in order to reach the partial goals of HR as defined in the strategic map. Overall the aim of the paper is to show the possibilities of using the modern Balanced Scorecard method in human capital. Performance management is a procedure by which managers and employees cooperate to arrange, screen and audit a employee's work goals and general commitment to the organization. More than just an annual performance audit, performance management is the constant procedure of setting targets, evaluating progress and giving on-going instructing and input to guarantee that employees are meeting their destinations and vocation objectives. The principal objective of performance manager is to advance and enhance employee adequacy. It is a persistent procedure where manager and employees cooperate to arrange, screen and survey a employee's work destinations or objectives and his or her general commitment to the organization. This paper concentrates on performance management and measurement in HR and payroll.