Key Performance Indicators (KPIs)

What is Key Performance Indicators (KPIs) ?

 

‘Key Performance Indicators’ is a tangible value that shows how effectively a company is achieving its business goals. KPIs help the companies as well as the employees achieve their preset goals, which can be defined with the help of a robust performance management system.

 

KPIs are usually split into the following groups:

 

  • Qualitative Indicators: These are the KPIs which can’t be measured quantitatively.

 

  • Process Indicators: These are the KPIs which measure the effectiveness of a process.

 

  • Directional Indicators: These are the KPIs which indicate whether the company is prospering or withering.

 

Also Read:

The major disadvantage of KPIs is that it is hard to quantify certain important metrics required to measure an organization’s success such as employee satisfaction, employee engagement, etc.

More HR Terms

Human Capital

What is Human Capital ? ‘Human Capital’ refers to the intangible economic value of the employee which is the direct result of their experience and

Machine Learning

What is Machine Learning?    Machine Learning refers to a branch of artificial intelligence in which the machines are subjected to huge amounts of data

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’