Episode D3.008 (N. American) Individual Dashboards Provide Information on Performance

IBGR - RESULTS Radio Network. Everything a business owner needs to start, grow, or exit a business. Come grow with us.

​Introduction
Employee performance metrics are an essential part of a supervisor’s job when seeking to track how well employees are performing. There are many benefits using employee dashboards as an assessment tool. Employees gain visibility of the company’s decision-making processes, which will assist when making staffing decisions. Employee engagement is increased, and expectations are highlighted. Employees are guided to correct performance issues with the specific metrics. Top performers are recognized and appreciated. Fair staffing decisions are also enabled with dashboards.
Now, let us TeamUP and watch how your business will THRIVE!

Show Objectives
The objective during this show is to ensure business owners are aware of dashboards for each employee and the appropriate information is captured for performance. The 4 main categories are work quality metrics, work quantity metrics, work efficiency metrics, and organizational performance metrics. How can you THRIVE in providing information on performance for individual dashboards? Cognitive processing, adding value to employees, contributing to employee’s success, conscious performance for employees, making effort and engagement with employees for their individual performance, and investing in excellence through dashboards.

Key Issues

1. Business owners are not aware of Key Performance Indicators (KPI)
2. The reason and importance of employee assessments are not known or acknowledged
3. Supervisors seek to fix employees but do not have a metric system in place
4. Staffing decisions may not be fair due to missing or inadequate measure
5. Important information may not be at your fingertips
6. Decision making may not be conducted with metrics
7. Employee strengths are not highlighted to assist with improving weaknesses or goals

What You Need to Know
 
1.    The meaning of KPI
2.    The difference between a KPI and metric
3.    How to build your KPI
4.    How to select the best KPI dashboard software
5.    The dashboard types
a.    Strategic
b.    Operational
c.     Analytical
6.    Performance tracking KPI Dashboards
a.    Sales Dashboard
b.    Marketing Dashboard
c.     Financial Dashboard
d.    Human Resources Dashboard
e.    Retail Dashboard
f.      Manufacturing Dashboard
g.    E-Commerce Dashboard
7.    10 Best Practices
a.    Assign an owner to each KPI
b.    Divide dashboards into functions
c.     Keep it simple
d.    Vanity Metrics should be used sparingly
e.    Avoid gimmicky widgets
f.      Win with timely reviews and adjustments
g.    Set dashboards free
h.    Create actionable KPIs by combining metrics
i.      Ensure data is clean and accurate
j.      Measuring something is always better than measuring nothing

What You Need to Do

1. Select the KPIs and metrics to track
2. Select your data sources
3. Understand the intended audience
4. Build your dashboard with simple and meaningful graphs
5. Share the dashboard

TeamUP & THRIVE practices the team concept using the THRIVE model. The THRIVE model teaches business owners and leaders how to view business with the “heartfelt mindset”, which is deeper than the fixed and growth mindset. To thrive from the heart requires Thought, Heart feeling, Relationships, Intention, Vitality, and Enrichment. Heartfelt mindsets are actively engaged and involved in contribution and focused on internal and external THRIVING.

Shows
Previous: Episode D3.007 Position is Linked to Business Goals and Objectives
Next: Episode D3.009 Understand Personal Impact on Customers and the Business

Written by Dr. Tracie Hines Lashley
CEO, THE Leaders Innovative Growth Solutions LLC
WEBSITE: https://theligsllc.com
EMAIL: growme@theligsllc.com
eBooks: https://aceirt.co/ligsbooks
TeamUP RADIO: https://aceirt.co/TeamUPradio
IBGR PODCAST: https://aceirt.co/TeamUPpodcast

​