KPI

Posted by johnssmith00 on May 31st, 2013

Are you looking to develop your business but you don’t really know on what to focus? Then you need help, namely our help. Ever heard of kpi? The key performance indicators are those elements that can help you expand while focusing on the needs of your company. We can help you make only smart decisions for your company!

In the current context, in which the companies feel both the pressure of a crisis whose effects have not passed as well as the competition of the global players, a key tool in increasing the performance is the evaluation system. If well built, it can provide a company’s leaders both the radiography of the moment of the organization as well as the direction it is heading in terms of growth performance. But for this to be achieved, it is essential that the assessment system to measure what really matters.

Here, the key is the performance indicators – kpi. The key performance indicators are the focal point that can make the shift from individual to organizational performance as a whole. Since the natural reaction of the employees is to focus on activities to be assessed, it is essential for the system to measure those activities that lead to the goals of the company.

If we take the example of a company that produces industrial machinery that aims strategically at enhancing the quality of the product, a kpi implementing this objective at the level of the employee’s activity may represent the percentage of rejects per thousand units, and a production line worker will know that he has met the performance criteria if the total number of rejects on his shift will be not less than ten per month, in which case he will receive the appropriate bonus. So kpi is a landmark that helps all the employees understand what is relevant to their work and to what results should they focus.

The key performance indicators can be predefined or can be chosen by the management of the company. The definition may be even more important than the assessment itself. Depended on it are the relevance of the chosen indicators and the degree of ownership of the objectives of the company at the individual level. An employee, who understands the importance of the assessment and the relevance of the indicators used both from the individual perspective and from the perspective of the company, will be more motivated by the importance of his work and more focused on the activities that really matter. Thus, an assessment system based on clearly defined performance criteria brings clear benefits both to the performance of the company and to its employees.

Our experience in implementing and optimizing the performance indicators results from the multitude of projects completed. In addressing smartKPIs.com regarding the definition of the key performance indicators, the information on the strategic goals and operational processes within the company will be examined and translated into integrated systems. We gladly support you in creating a successful system for monitoring performance indicators.

If you want to find out more about kpi, smartKPIs.com is the best place where you should search for help. Find out what the key performance indicators are and what role do they have in the expansion of your business.

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johnssmith00
Joined: January 9th, 2013
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