Balanced scorecard is a management tool designed to help organizations monitor its performance towards achieving its strategic goals, vision, and objectives. Organizations use reports for historical information analysis to make decisions, while balanced scorecard helps organization identify which decisions needs to be made and prioritized towards organization needs.
In Simple words, imaging driving a car without a dashboard that tells you fuel reserve, tire pressures, engine temperature conditions, anti-lock braker warnings, simply it means driving a car half blindly with zero forecasts about when the system will break or when it’s time to take a decision.
Balanced scorecard acts as the car dashboard for leaders and executives to drive their business towards the vision, align business activities with its objectives and goals. Along with monitoring business performance and its affect towards achieving the strategic objectives.
What is in it for me to design employee handbook?
Organizations with clear policies tend to be performing better with high engaged employee in a healthy working environment, an employee handbook is considered one of the foundational components for sustainable business by achieving the following features and objectives:
- Decrease early turnover and increase initial productivity
- Increase employee engagement, loyalty, and morale.
- Increase productivity, performance, and profit per employee.
- Increase customer satisfaction.
- Aligned with all articles of UAE labour law no.33 of 2022 and its execution regulations
- Aligned with best human capital management practices business wise and industry wise.
- Designed to regulate the employment lifecycle at the organization.
- Designed to establish a health working environment with fairness towards employees, organization, clients, and all stakeholders.
- Increase your knowledge capital, assets, and brand value.
- Attract more talents to your organization
- Designed to save cost and time for managers, HR executives and top management.
Build your balanced scorecard and track your business success
Tatweer Employee Handbook Components
This chapter will be describing some facts about the company success stories along with some figures that forms the organization supported by Mission, vision, value, and CEO messages to all employees.
The chapter includes the obligations of employees towards the organization assets, clients, and ethics along with hygiene, customer service, attendance, and work behaviours standards.
The chapter describes the process of recruitment and selection at the organization, its standards and regulations that organize the recruitment, interviews, selection, and orientation program.
The chapter includes regulations and policies about the salary, loans, benefits, overtime, and bonus associated with performance along with promotions and salary increase regulation.
The chapter regulates the performance appraisals cycles conducted at the organization, threshold performance score, consequences resulting from the appraisals and employee of the month program.
The chapter covers the policies, initiatives and regulations associated with employees learning and development and its implementation scope and rules.
The chapter covers policies and regulations related to employee health and safety including both physical and mental health.
The chapter covers the regulation of the separation between the organization and the employee voluntarily or involuntary with the related policies to manage it.
The chapter includes the list of violations that might occur at the workplace and the disciplinary actions associated with each violation in terms of fines, termination, and its implementation rules.
The chapter regulates the process of employee complaints, appeals, and investigations committees.
Balanced scorecard is a broad view of all KPIs connected measuring company overall performance from four perspectives which are financial, operational, customer and development while KPI (Key performance indicators) are the tools to measure organization performance for a specific key result area.
Balanced scorecard can be implemented and beneficial for any organization size at any time.
It differs as per the business objectives, current situation, size, and model, but balanced scorecard should contain at least 16 KPIs and Maximum of 32 KPIs.