There are many KPIs you can measure that are specifically related to your organization’s or department’s finances, including: ![]() Here are 16 KPI examples for the workplace to help guide your decision: Financial metrics The best way to do this is by researching and understanding the most important KPIs. However, it’s important to make sure that the ones you choose align with your goals and objectives. There are thousands of KPIs to choose from. Related: Using Key Performance Indicators (KPIs) To Achieve Goals KPI examples for the workplace By understanding this, you could choose to use that time to perform software updates, conduct company-wide training or explore new opportunities for growth. This could allow you to see that certain times of year are slower for your business, for example. This will give you a good idea of whether you are progressing toward the results you want or if you need to make adjustments to stay on track.Īnalyze patterns over time: If you measure the same KPIs continually, you will begin to see trends over time. Measure progress over time: By monitoring your KPIs like revenue, gross margin and number of employees, you can monitor your progress toward your long-term goals.Īllow you to make adjustments: By monitoring KPIs, you can form predictions about what will happen in the future. It can be useful to measure a few KPIs in the categories of employees, customers, processes and revenue. Monitor company health: You must monitor KPIs to monitor the overall health and performance of your organization. Some specific reasons why it’s important to measure KPIs are they: KPIs enable you to understand the health and performance of the business so you can adjust strategies to organizational goals. Related: SMART Goals: Definition and Examples Why measure KPIs? A KPI must be:Ĭommunicated throughout your organizationĪpplicable to your business or department ![]() ![]() A good KPI should help you and your team understand if the strategies you are using are taking you toward your goals. KPI stands for key performance indicators, which are measurable values that allow you to understand how your department or organization is performing. We also provide some tips to help guide your decision for which KPIs you should measure. In this article, we discuss what KPIs are, why measuring them is critical to your organization’s success and offer some examples of KPIs for the workplace. Selecting the right KPIs for monitoring your business’ performance takes research and analysis. They also allow you to recognize patterns and make adjustments in your strategy to reach your objectives. KPIs, or key performance indicators, allow you to measure the health and progress that your department or company is making toward reaching its goals.
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