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Posted: December 13th, 2022
Economic Value Added (EVA)
Instructions
For this assignment, you will write an essay in which you compare and contrast the following strategic measurement tools used by business and human resource professionals as presented in the Required Unit Resources for this unit. Compare and contrast the following measurement tools.
Economic Value Added (EVA)
Return on Investment (ROI)
Balanced Scorecard (BSC)
HR Scorecard
What are the advantages and disadvantages of each measurement tool? Give an example of how each could be used in your current (or a previous) organization.
Support your essay with an introduction as well as a minimum of two references from the CSU Online Library.
Your essay must be at least two pages in length, not counting the title or reference pages. Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.
Resources
The following resource(s) may help you with this assignment.
Citation Guide
CSU Online Library Research Guide
Submit Writing Center Request
HRM 3302, Human Resource Management 1
Course Learning Outcomes for Unit I
Upon completion of this unit, students should be able to:
1. Differentiate between competitive business and human resource strategies.
1.1 Explain measurement tools used by human resource professionals.
Course/Unit
Learning Outcomes
Learning Activity
1.1
Unit Lesson
Chapter 1, pp. 2–29
Chapter 2, pp. 38–65
Unit I Essay
Required Unit Resources
Chapter 1: The New Human Resource Management Process, pp. 2–29
Chapter 2: Strategy-Driven Human Resource Management, pp. 38–65
Unit Lesson
Review the Unit I Lesson.
Transcript of the Unit I Lesson.
UNIT I STUDY GUIDE
21st Century Human Resources
Management and Strategic Planning
HRM 3302, Human Resource Management 2
UNIT x STUDY GUIDE
Title
Suggested Unit Resources
In order to access the following resources, click the links below.
Watch the following video to learn more about strategies that help grow a business.
Phin, D. (2011, March 11). 7 HR strategies that grow your bottom line – Human resources [Video]. YouTube.
Video transcript for 7 HR Strategies that Grow Your Bottom Line – Human Resources
Learning Activities (Nongraded)
Nongraded Learning Activities are provided to aid students in their course of study. You do not have to submit
them. If you have questions, contact your instructor for further guidance and information.
Human Resource Professional Certification Preparation
Human Resource professionals recognize that success in the field is based on several factors including
certification, access to research and legal and regulatory updates, and networking. Today, several
organizations, including SHRM, HRCI, and others, provide a variety of certification examinations, covering a
variety of topics in the HR realm.
For example, the SHRM-CP examination focuses on HR policy design and implementation and includes both
basic knowledge questions and situational questions. The SHRM-SCP examination focuses on strategic
applications of HR best practices and long-term HR management systems.
Additionally, the Human Resources Certification Institute (HRCI) offers several HR certifications including:
• Associate Professional in Human Resources (aPHR). This certification is based on fundamental
knowledge and is considered an entry-level certification for those just beginning their HR
career.
• Professional in Human Resources (PHR). Minimum experience required. Candidates typically
work under an HR director.
• Senior Professional in Human Resources (SPHR). The SPHR certification demonstrates
mastery in HR management. Candidates are typically HR leaders with a strategic planning role
and who have a broader view of HR functions.
• Global Professional in Human Resources (GPHR). This certification is for HR professionals
who work in the global marketplace to prove their expert knowledge of multinational
responsibilities and policies.
In order to assist in your professional development, CSU is providing a series of self-grading questions in
each unit of this course to begin to prepare you for HR certification examinations. While these questions do
not encompass the full aspects of the certification examinations, they will give you an opportunity to test your
knowledge in many HR areas as you prepare for the exam and your career in Human Resource
Management.
There is a quiz in this unit to allow you to self-check your knowledge This quiz is not mandatory and DOES
NOT contribute to your grade in this course. You will have the option to review your answers and print the
quiz for your own future study purposes.
If you have any questions, do not hesitate to contact your professor.
Complete the “2-1 Self-Assessment: Level of Planning” on page 43 of your textbook. Reflect on your results
and determine the areas that you can work on to strengthen your effective planning skills.
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