Weichert Relocation Resources Inducted Into Balanced Scorecard Hall of Fame for Executing Strategy
N.J.– Weichert Relocation Resources Inc. (WRRI), one of the world’s leading
relocation and assignment management companies, has been inducted into the 2008
Palladium Balanced Scorecard Hall of Fame for Executing StrategyTM
in recognition of the company’s achievements in driving breakthrough
performance results using the Balanced Scorecard (BSC) methodology.
WRRI is the first relocation and assignment management company to receive
this distinction from the Balanced Scorecard Collaborative, the education and
certification division of Palladium Group, Inc. As a Balanced Scorecard Hall of
Fame member, WRRI joins past winners such as AT&T Canada, Best Buy, Exxon
Mobil, Motorola, Siemens, UPS and Wells Fargo.
“It’s a distinct honor to be recognized by the Balanced Scorecard Collaborative
for our success in executing strategy,” said Aram
Minnetian, president of WRRI and architect of the company’s BSC Enterprise Model. “We are proud to be the first relocation
company to attain the coveted Balanced Scorecard Hall of Fame status. This award offers further evidence of our brand
differentiation and commitment to provide clients with a unique value
In the five
years since adopting the BSC, WRRI has successfully implemented scorecards for
its entire global workforce and supplier networks, while achieving continuously
higher levels of scorecard goal achievement across its key BSC metrics.
“Our Balanced Scorecard program has helped us attain unprecedented levels of financial
performance, customer satisfaction, colleague engagement and process innovation,”
said Minnetian. “The program has made us a better company, and represents one
of the most important and rewarding business decisions that we have made in the
past five years.”
implementing the BSC, WRRI has seen its colleague engagement levels rise to 73
percent, which is almost three times the average corporate rate of 26 percent,
according to BlessingWhite’s 2006
Employee Engagement Survey.
indicates that the most successful employees are those who understand how the
work they perform impacts their company’s success,” said Minnetian. “The
Balanced Scorecard has provided a framework to
define our strategy, communicate it to our employees, and align it with individual
performance. This approach has helped WRRI create a culture centered around
meaningful work and empowerment.
“I am most
proud of the manner in which our colleagues have embraced the Balanced
Scorecard principles,” added Minnetian. “Our success with the Balanced
Scorecard and induction into the Hall of Fame are entirely the result of their
Created by Dr. Robert Kaplan and Dr. David Norton in 1992, the BSC has
been adopted by several thousand corporations worldwide since its inception,
and was cited by the Harvard Business
Review as one of the most important management ideas of the past 75 years.
Launched in 2000, the BSC Hall of Fame Program publicly honors organizations
that have successfully implemented the methodology to achieve and sustain
breakthrough performance results.
“What WRRI has done in the five years since adopting the Balanced
Scorecard is truly remarkable and an excellent illustration of a
strategy-focused organization,” said Robert L. Howie, Jr., Managing Director of
Palladium and Director of the Hall of Fame program. “WRRI has set a new
performance standard for companies within its industry by aligning its global
workforce around a common strategy, and motivating its employees to make executing
that strategy everyone’s job.”
Weichert Relocation Resources:
Relocation Resources Inc. (WRRI) delivers innovative Next PracticesSM—the next generation of relocation and
assignment management services—that help some of the world's leading companies
avoid inventory, increase employee home sales, enhance mobile workforce
management and reduce program costs. WRRI is recognized as the growth-oriented
industry leader, providing a unique combination of stability, financial
expertise and seasoned leadership that has made the company a trusted,
proactive partner to clients throughout the world. A Balanced Scorecard
Hall of FameTM Company, WRRI is committed to delivering Raving Fan® service; investing in new
capabilities, technologies and talent; and bringing unmatched innovations to
market, such as the industry’s only complete, end-to-end global workforce
mobility solution. For more information, visit wrri.com.
Palladium Group, Inc.
Group, Inc., helps the world’s leading organizations measure and manage
tomorrow’s performance today by providing services and expertise in strategy,
finance, and IT management.
education, conferences, assessments, advisory services, consulting and
technology solutions, Palladium helps clients successfully execute their
strategies. Balanced Scorecard
Palladium’s education and certification division, manages the Balanced
Fame for Executing Strategy™ program. Palladium has 18 offices worldwide and an
additional 17 affiliate offices throughout Europe, Latin America, Africa and Asia-Pacific. Palladium currently has over 700
clients worldwide. For more information, visit thepalladiumgroup.com.