Key performance indicators (KPIs) are significant to measure team efficiency. They determine the purpose and measurable goals. To strike a balance between KPIs and work culture, introduce the right KPIs to the related culture. In this blog article by Stacey Barr, understand the purpose of measurement for your company’s present work culture.
Knowing the Unknown
Many people are ignorant or new to key performance indicators. Be it a newly formed project team or a streamlined enterprise, find the right approach to introduce KPIs to your employees. Explain the purpose of the KPIs and the framework to measure the performance of different work cultures. Out of several others, let’s focus on the “competing values framework” to measure performance:
People are open to experimenting and innovating but avoid assessing risks. In fast-changing market conditions, fostering new inventions is a challenge. Lack of knowledge in fundamental business processes and originality in research and development create an innovation pitfall. By introducing proper KPIs, you can create a culture of progress in which employees can learn from their failures.
A strong relationship between working professionals is the beginning of a collaborative culture. So, eliminate bureaucracy and nurture teamwork to overcome the roadblocks to cooperative culture. KPIs prove helpful in evaluating “qualitative information” and achieving long-term goals.
Introducing KPIs in organizations that abide by standard work policies and hierarchy is a massive challenge. Associates often assume KPIs are used to critisize their performance. However, you have to explain to them how KPIs can accelerate their performance and bring desired results. The workforce must understand that the outcomes are measurable if planned and projected beforehand.
A majority of the workforce aims to achieve a specific target. You compete with peers from rival organizations to achieve success. Measuring KPIs in a competitive culture leads to a distorted focus. So, achieving business goals becomes secondary, and winning competitions takes priority. Thereby, employees lose focus on improving their independent performance. The right approach is to understand the purpose first and measure progress instead of the process.
Click on the following link to read the original article: https://www.staceybarr.com/measure-up/introducing-proper-kpis-where-theyve-never-been-before/