6th Industrial Engineering and Operations Management Bangladesh Conference

Analysis of Performance Measurement Using The Balanced Scorecard and Objective Matrix Method at PT. XYZ

Louis Setiawan, Mohammad Agung Saryatmo & Juliana Kristina
Publisher: IEOM Society International
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Abstract

Performance measurement is a process used by companies to measure, monitor, and evaluate the work of employees or teams in achieving company goals with the aim of measuring employee performance standards. Performance measurement must be carried out to improve the performance of company employees, human resource development, corporate culture development, and the growth of the company's success. PT XYZ is a manufacturing company engaged in the power and telecommunications cable industry. PT XYZ has a vision to become the largest power cable manufacturer in Indonesia with a global reputation and its cable products are of international quality and reliability. The performance assessment method that will be used for this research is the Balanced Scorecard (BSC) because this method is a method that can measure performance in a holistic and balanced manner, which measures financial aspects and non-financial aspects. The results of the research that will be obtained are a suitable Key Performance Indicator (KPI) system and will be continued by giving weighted values with the Analytical Network Process method, analyzing performance appraisal with Objective Matrix (OMAX) and making an assessment table with the Traffic Light System. Therefore, it is expected that this research can produce strategies that are more effective and lead to better achievement of company goals.Performance measurement is a process used by companies to measure, monitor, and evaluate the work of employees or teams in achieving company goals with the aim of measuring employee performance standards. Performance measurement must be carried out to improve the performance of company employees, human resource development, corporate culture development, and the growth of the company's success. PT XYZ is a manufacturing company engaged in the power and telecommunications cable industry. PT XYZ has a vision to become the largest power cable manufacturer in Indonesia with a global reputation and its cable products are of international quality and reliability. The performance assessment method that will be used for this research is the Balanced Scorecard (BSC) because this method is a method that can measure performance in a holistic and balanced manner, which measures financial aspects and non-financial aspects. The results of the research that will be obtained are a suitable Key Performance Indicator (KPI) system and will be continued by giving weighted values with the Analytical Hierarchy Process method, analyzing performance appraisal with Objective Matrix (OMAX) and making an assessment table with the Traffic Light System. Therefore, it is expected that this research can produce strategies that are more effective and lead to better achievement of company goals.

Published in: 6th Industrial Engineering and Operations Management Bangladesh Conference, Dhaka, Bangladesh

Publisher: IEOM Society International
Date of Conference: December 26-28, 2023

ISBN: 979-8-3507-1733-4
ISSN/E-ISSN: 2169-8767