How to activate KPIs?
Activating KPIs is an important challenge that companies face after implementing a performance management system based on Key Performance Indicators.
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Activating KPIs is an important challenge that companies face after implementing a performance management system based on Key Performance Indicators.
Strategic planning is the process of defining the future directions of an entity (organization, department, individual etc.), what it wants to achieve and how it will attain its goals.
Gaming is one type of unethical behavior which refers to influencing results through unapproved means, in order to ensure target achievement. Such a behavior is caused by an extensive focus on targets, as employees will do whatever it takes to achieve the established Key Performance Indicators (KPIs).
The Individual performance plan (IPP) is an instrument used to establish performance expectations and to support the performance evaluation of each employee. Employees how don’t know what is expected from them or how “performance” looks like, are more likely to be disengaged and less productive.
Proper standardization is pivotal in setting the right ground when embarking on the road to establishing a performance management system. This standardization will ensure proper differentiation and understanding of performance management tools and principles.