We’ve talked about Key Performance Indicators in the past. It’s a phrase managers of all kinds are familiar with. To summarize, Key Performance Indicators, or KPI, are a series of measurements, which may vary from company to company, that are believed to reflect the current state of health of the business.
As the effects of employee job satisfaction on a business have been well documented, taking steps to improve overall satisfaction are simply part of a good business strategy.
Key Performance Indicators (KPIs) are set to measure performance. There are different reasons why an organization would have KPIs set and these could be to evaluate engagement in a particular activity, success or production processes.
Each business and industry has its own set of Key Performance Indicators (KPIs). In the retail sector, sales are an integral part of KPI while in the motor industry manufacturing schedules could be in their KPIs.
Key Performance Indicators (KPIs), are the measurements used to analyze an organization’s performance. They exist to highlight how well a company is performing in meeting its goals. KPI tracking is essential to a business’ success.