Final answer:
The 3Ps used to measure HRM practices on the balanced scorecard are Performance, Progress, and Processes. These encompass assessments of goal fulfillment, skills enhancement, and the effectiveness of HR systems within the organization.
Step-by-step explanation:
On the balanced scorecard, measurements of HRM (Human Resource Management) practices are assessed by examining three Ps: Performance, Progress, and Processes.
Performance refers to examining how well employees are fulfilling their job requirements and achieving goals. Progress measures the improvements and growth in employee skills and their contributions to the organization over time. Lastly, Processes pertain to the evaluation of the HR systems in place, such as recruitment, training, and development initiatives, and how effectively these processes function within the organization.
Evaluating HRM practices often involves tools like 360-degree performance appraisals and analyzing results such as productivity, job satisfaction, and profitability to get a comprehensive view of human capital performance in relation to organizational goals.