Workshop Summary
The William Davidson Institute hosted its bi-annual 2006 Human Resource Network meeting in Budapest, Hungary from June 20-21. The theme of the workshop was The Workforce Scorecard – The New HR Matrix for Strategic Success. Thirteen HR Network members – representing such companies as Oracle, Nokia, Nestlé, Holcim, and Coca-Cola – attended the interactive workshop.
Professor Dick Beatty, co-author of The Workforce Scorecard, taught the workshop. Professor Beatty argues that current management and human resources practices hinder employees' ability to contribute to strategic goals. Beatty believes that in order to maximize the power of their workforce, organizations must meet three challenges: view their workforce in terms of contribution rather than cost; replace benchmarking metrics with measures that differentiate levels of strategic impact; and make line managers and HR professionals jointly responsible for executing workforce initiatives.
During the workshop Professor Beatty showed HRN members how to create a Workforce Scorecard that identifies and measures the behaviors, competencies, mind-set, and culture required for workforce success and reveals how each dimension impacts the bottom line. Professor Beatty talked about these metrics in detail, and asked participants to share their current practices in their own organizations.
Faculty Bio
Richard W. (Dick) Beatty Professor of Human Resource Management at Rutgers University. He received his B.A. from Hanover College, his M.B.A. from Emory University, and his Ph.D. in Human Resources and Organizational Behavior from Washington University. Professor Beatty teaches in the areas of applied behavioral science in human resource management and the role of the human resource function in organizations in applying behavioral science to human resource management. He is also active in executive and professional education and is a Core Faculty member at the University of Michigan’s Executive Education Center and teaches in executive education programs at Cornell, Pittsburgh, and the Wharton School. Professor Beatty's research interests focus on performance appraisal, selection, compensation, human resource planning, and the use of incentives in organizations, as well as human resource development. He has published several books and more than one hundred articles on topics in human resource management, business, and organizational psychology journals and is an associate editor of Human Resource Management. He has twice won the Human Resource Planning Society’s research award for the best article on human resource management and also won the Best Book award by the Society for Human Resource Management. He is active in a number of professional organizations and past President of the Society for Human Resource Management Foundation.
Professor Beatty’s experience in executive education and consulting is extensive. He has worked with well over half of the Fortune 100 firms. His specialty is working with organizations to design and implement strategic change initiatives, emphasizing the building of workforce capability (and intellectual capital) through the human resource “tool kit.”
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