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

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Introduction
Dashboards are visual tools that provide objective information on employees using metrics and key performance indicators (KPIs) in real-time. Having individual dashboards for every employee will help track, measure and reward performance and align efforts so that the management and members of the business units are clear on the direction to which all are heading. It motivates employees and fosters employee engagement because each employee knows how their performance will be rated. Performance management that is built on individual dashboards helps organizations monitor and track business processes and activities that align with its objectives and improve decisions of the business strategy.

Show Objectives
The show objective for this week is to emphasize to business owners the importance of having individual dashboards that provide information on performance. A deep dive and discussion explaining ways to ensure that every employee in the company has a dashboard that provides data and metrics for performance will be conducted. How can you, your employees and your business thrive when individual dashboards provide information on performance? Easy access to information download that enhances faster decision-making, employee performance is easily tracked to reward top performers and support for those who need additional training.

Key Issues:

1. Employee data and metrics are not available real-time.
2. Business owners do not have meetings to discuss employee data and performance.
3. Employees are not rewarded based on actual performance.

What You Need to Know

1. Individual KPIs must be generated and communicated to employees.
2. When individual dashboards provide information on performance, it creates a platform that aids in appropriate reward system.
3. Business owners, Managers and line supervisors must have a weekly meeting with their teams to discuss the information contained in the dashboard.
4. It would resolve performance issues that employees may have.
5. Internal processes will be improved and time is saved on generating manual report.
6. Aligning individual dashboards to provide information on performance will not only communicate and refine company business strategy but will also increase engagement.

What You Need to Do

1. Define KPIs for every role within the business.
2. Develop KPIs that align with business strategy, goals and objectives.
3. Ensure that employee KPIs are matched with job expectations and meet performance goals.
4. Budget for and choose appropriate KPIs for dashboards.
5. Create a performance management system.
6. Schedule weekly or fortnightly meetings to review tasks and how data and metrics on KPI remain relevant.
7. Establish operational strategy that turns visuals into reports.
8. Have a software in place that turns reports into electronic dashboard.
9. Establish a process for review of information on dashboard that aligns with performance.

People – Your greatest asset in business show believes and thrives on the concept that people matter and without people in your business, you will not have a business! We help business owners equip and empower their people with the right resources and information to help them thrive and excel, because when people in your business excel, your business will succeed.

Shows
Previous: Episode D3. 006 Share Expectations of Work Standards
Next: Episode D3.009 Understand Personal Impact on Customers and the Business

Written by Teena Ogbugoh
WEBSITE: https://joanlugardsconsulting.com
EMAIL: info@joanlugardsconsulting.com
EVOLVE RADIO: http://bit.ly/EvolveBeYou
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