You’ve started a new job. It’s time to evaluate your performance. The key is to shift the comparison from how you’re performing now to how you were when you started. Identify your key performance indicators and use those to compare your performance to how you performed when you first started.
Identify your key performance indicators
Identifying your key performance indicators is a critical step in evaluating how well your business is performing. These metrics are used to gauge progress and help you hold your team accountable for meeting targets. They can measure short-term progress or longer-term outcomes. In general, KPIs are tied to strategic goals.
It is crucial for everyone in an organization to understand their key performance indicators so they can use this data to make informed decisions. However, key performance indicators can be confusing for people who do not know what they mean. Once you have defined your KPIs, it’s important to keep them updated and adjusted based on actual performance. You’ll also want to make sure you communicate these KPIs to all of your employees and managers.
Your KPI definitions should be concise and easy to read. They should identify the work product that’s being measured and the organizational area that produces it. They should also indicate whether the numerical output should be high or low. This is important because high values don’t necessarily mean a high performance.
Identifying your KPIs is also critical because KPIs are often not easily measured. Metrics can be difficult to understand because they don’t provide context or timeline. In addition, they do not tell you why your performance is poor and why you should improve.