Productivity Balanced Scorecard Metrics Template
Obviously measuring personal productivity is important, and the reasons why are obvious. If you do not know how your staff is doing, then how can you truly know the inner workings of your own company? Staff discontent can put your company in serious jeopardy, while on the other hand, high staff productivity can be your best company asset.But without measuring these two extremes, and which way your staff might be moving towards them, how will you ever know? Not knowing your company's inner workings should never be a part of the way you do business. Decisions that are made towards sales, whether buying or selling, are also impacted by your company's staff. If your finances are declining because high labor costs are causing a drain on savings that could be used for making important company purchases, you would be unaware, without actually measuring, which areas need the improvement. On the other hand, if you do measure your staff's productivity, then you will know, for example, which employees should be rewarded, for high performance levels, that are saving your company money.
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What are benefits of Productivity metric:
- Measuring productivity is a part of any scorecard in any industry. As such, both personal and group productivity is measured.
- Productivity is all about saving time, money and resources. Relevant kpis are to be measured, for instance, finance saved or time saved.
- Measuring personal productivity is important since in such a way it's possible to reveal the best performing employees and reward them.
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More ideas on using Productivity KPI:
'Productivity' constitutes the central issue around which revolves every step and move an organization takes. All objectives and purposes aim at adding to the organizational productivity. Productivity is about utilizing whatever inputs are available 'at the fullest'.
This field asks for a significant command over statistical aspect as calculations form a major part of 'productivity judgment'.
One is required to frame 'manageable' number of metrics to help the organization analyze its productivity levels from different angles. By preventing the values of these indicators from moving out of the suggested range, one can ensure that intended path is traced. Stating it in other words, optimum utilization of resources, both physical and human is possible by adopting KPIs (Key performance Indicators) to measure and track movements.
These metrics are organized on a Balanced Scorecard and kept for future references. This strategy renders the organizational processes 'much needed' transparency. Employees, in turn feel more attached and involved with the organization. Such sense of belongingness causes them to go 'out of place', if need be.
On the whole, by continuous monitoring of the degree of productivity an organization manages, one can maximize the returns.
More useful information for Productivity Estimation:
Productivity best practices articles:
Productivity Estimation Balanced Scoreboard Screenshots
Metrics for Productivity Estimation. This is the actual scorecard with Productivity Measures and performance indicators.
The performance indicators include: financial impact of productivity,productivity in internal process,morale improvement,goals efficiency,problems solving efficiency,projects success rate,productivity and customers,better education and growth,implementation speed,new opportunities ratio,courses efficiency.
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