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It is already but common to hear about competency-based performance evaluation, benefits and compensation, or hiring and recruitment. It all sounds easy- all these buzzwords related to competencies. But are they really that simple? Can I just adopt it anytime I want? What do I need to do first before I can implement any of those competency-based HR concepts? For many years now, the concept of competencies is usually coined with the concept of strategic human resource management.
The Balanced Scorecard aligns business activities to the vision and strategy of the organization. A framework where measurement, development and alignment of the bottom-line, the top-line and everything in between, provides a more 'balanced' view of the organizations' performance. Particularly interesting, is all that is related to the human capital management and development.
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