"If it can not be measured it can not be managed" - Peter Drucker
When was the last time you contemplated creating KPIs for your team?
KPI's, Key Performance Indicators, Key Success Criteria or any other term you would like to use are essential to drive employee performance, productivity and engagement.
Too often this task lands firmly in the 'too hard basket' because let's be honest it's not the easiest task to do.
Done poorly, creating KPIs are an utter waste of time. For many of you who have been in the position where you have been allocated or managed staff with ineffective KPI's, this will have undoubtedly influenced your desire to develop better targets for your future teams.
If this sounds like you, I am going to challenge you to rethink your approach today. I am challenging you to set just 1 KPI for each role over the next week, and 3 big ones for your business or team.
Why?
Our team members fundamentally want to know 3 key things from their leaders:
1) What do we expect ...
It’s simple maths that you can’t continue to grow a business and achieve greater results year on year, quarter on quarter and week on week without a great team. But once you have that team, the challenge can be how to keep them motivated.
Motivated employees are our most engaged employees, and we know that an engaged team can be 17% more productive and lead to a whopping 21% increase in business profitability, according to a study conducted by Gallup.
So keeping motivation high, and ultimately increasing engagement is like your secret weapon that can really differentiate you from your competitors. Motivated and engaged teams attract the best and brightest, and foster environments which encourage productivity, creativity and best practice at every level.
So what can we as employers proactively do to maintain and improve our teams motivation at work?
As a business owner or manager, you may think you have a million more important things to do than write a position description for every role in your company.
Particularly in small business, where there is a need for flexibility within the scope and responsibility and daily duties of each individual, to meet the fluctuating needs and demands of a fluid business structure, these ‘structured’ documents can often seem limiting and unnecessary.
However, accurate and detailed Position Descriptions, in my opinion, are the most important document to have in your business, when it comes to managing staff, and here is why:
What exactly is 'Employee Engagement'?
Like many others you may think it is a bit of the HR buzzword and a fluffy concept made up by someone trying to create work for themselves in a big corporation.
There is a popular misconception that it's about keeping people happy, making sure they're having fun at work, giving employees everything they want, beanbags in the staff room, chocolate biscuits in the kitchen and all of those perks. Keeping staff happy and making sure they are looked after is important, and forms part of it, but employee engagement is actually a far deeper concept, and it's important no matter how big or small your business is.
One thing is for sure and that is that businesses of any size who can get this right and really dedicate the right amount of thought, intention and commitment to nurturing this particular aspect of managing and leading staff can really see the benefits. Benefits including reduced staff turnover, a decline in absenteeism rates, higher productivit...
Let me ask you a question. As the business owner, leader, manager, the head honcho, how important is 'self-care' to you? In fact, what does self-care even mean to you?
Why am I asking you this? And what on earth does this have to do with your team, your HR compliance, and your business success?
Well I wanted to let you in on a little background and share my experience in realising just how important this is to our success as business owners. I wanted to share this with you because I was there, I was doing all of the things, all of the time and thought I was smashing it! I had it totally under control and was moving forward and building my empire (yes literally that was my mantra, I'm not even joking).
But do you know what, I was on the fast train towards burnout and I couldn't see it, and in fact it took one of my team to not so subtly let me know that I wasn't being the best leader, manager or business owner I could be.
Was my business successful at the time? Absolute...
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