Lesson 6 Discussion Forum 2: 300 Words minimum
What are some key performance indicators that are used by organizations in which you have been employed? How did managers explain the importance of these KPIs, and were any rewards tied to them?
Your discussion is to be submitted in 12-point Times New Roman font using APA format with a minimum of two sources.
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A key performance indicator is a method used to value the performance outcomes on techniques shown by business companies for the aim of achieving key business benefits and achievements.
a) What are some key performance indicators that are used by organizations in which you have been employed?
For the organizations to perform well and gain some performance the following attributes are done in my working organization to gain satisfaction.
i)Strategic workforce plan which can be designed by the employers to come up with the exact number of employees giving service and also calculating the number of retired employees for the security purposes for that retired personnel not to gain advantages than the ones working considering age limit(Medne, & Lapina, 2019).
ii) Net profit and gross income
The analysis is done every time to calculate the total gross income and also the net profit to the organization to know how it performs in terms of business success and how the profit is generated either positively or negatively.
b) How did managers explain the importance of these KPIs, and were any rewards tied to them?
According to the manager’s explanation on the importance of KPIs is that they support and give at the same time give motivations to employees who seriously show the highest level of determination when working leaving the underperforming employees with fewer benefits (Nallusamy, 2016).