Week 5 Summary

This was already the end of the session. How did your quiz go? The term Balanced Scorecard wasn’t this difficult, was it? In this session, we discussed that the HRM initiatives, managers can choose, depend on the outcomes they want to achieve. These outcomes can be different in different countries, sectors, industries and depend on strategic objectives. However, we also discussed that organizations can have multiple goals at the same time, focusing on various perspectives. Based on the Balanced Scorecard approach we discussed that the HRM initiatives we need, depend on the financial, internal, customer, and learning and growth perspective.

However, we also discussed that it is not enough to have high quality HRM initiatives but that we also need to make sure they’re effectively implemented. Various HRM stakeholders play a role in this and effective implementation is more likely when HRM practices are perceived as distinctive, consistent and there is agreement between organization actors on how they should be used. Next time we are going to tell you some interesting facts about HRM architecture. Goodbye!