Is HR a cost or a profit centre?
This has been argued and discussed for a long time whether HR is a cost centre or a profit centre.
The earlier myth can now be demolished and proven that HR can be a profit centre. The question that business leaders would now ask is How? The answer to this is very simple.
In 1996, Dr. Robert Kaplan and David Norton developed the HR Balanced Scorecard. This HR Balanced Scorecard adds Strategic Non-Financial Performance Measures to Financial Metrics.
7This has been argued and discussed for a long time whether HR is a cost centre or a profit centre.
The earlier myth can now be demolished and proven that HR can be a profit centre. The question that business leaders would now ask is How? The answer to this is very simple.
In 1996, Dr. Robert Kaplan and David Norton developed the HR Balanced Scorecard. This HR Balanced Scorecard adds Strategic Non-Financial Performance Measures to Financial Metrics.