How to measure KPI’s?
KPIs are metrics that need to be checked often. You need to collect data on equal intervals especially in their early days. Companies tend to often change their goals in this period, as well as what is key to achieving them.The fact that you calculate them from realistic and current data makes your goals more
agile. Measuring them in such a way can make your actions more proactive, as you will no longer have to act on past events. You will have the power to make corrections in your company’s path forward.
Why are they important?
Now you already have an idea of what KPIs are and their purpose. Yet, you might be wondering why it is so important to use them. Why can’t you follow the organic processes in your company?There are many reasons why KPIs are important factors companies can use in their growth.
First, KPIs help organizations define what success looks like for them. Moreover, they provide an understanding of the company’s position. They point at the key aspects on which managers need to focus on.KPIs help make the organization more transparent and cooperative. They can help accomplish better management of employees. Everyone in the team will be informed about the common goal and be accountable for reaching it.Not convinced yet? Here are some examples of KPIs and their use in different departments.