Hossam Sabbour | Lean Six Sigma Consultant
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Key Performance Indicators
Evaluate your success at reaching targets
"You can't manage what you don't measure"
When performance gets measured, people automatically try their best to improve and achieve the targets.
You will be amazed when you realize immediate performance improvement just when people know that their performance is being measured.
A recent report showed that.
· Over 80% of employees want bosses to share more info and data about the business.
· One in four employees have, or know someone who has, left a business due to a lack of transparency in business direction and performance.
· Over 50% of employees say that more company info and data being shared had a significant positive impact on their productivity and performance.
In conclusion, if team members don’t have visibility into what a business’s goals and performance are (i.e. business KPIs), how can you expect them to focus on executing the work that will achieve those goals?!
Five steps to creating and maintaining effective KPIs for your manufacturing plant
Real-Time KPIs
Instead of waiting for monthly performance reports to roll in, the best-performing businesses have moved to real-time KPIs. channele2e.com
- 50% of companies that track metrics in real-time met all their goals in the last 12 months compared to only 24% of companies that did not track in real-time.
- 92% of companies that tracked their metrics in real-time met some or all their goals in the last 12 months – compared to 64% of companies that did not track in real-time.