Category: Glossary, Type: Career
The Meaing of Key Performance Indicators
The organization's key performance indicators used in process of measuring the achievement of its objectives. These indicators are used in numerous areas, mainly in human resource management. KPIs support the achievement of company's operational and strategic goals. They are fundamental to building a results-oriented organizational culture as they supply employees with goal feedback on their work, costs and quality. KPIs are also a tool of managerial control: they enable fast decision-making, prioritizing actions, early response to problems, plus supporting continual improvement processes and effective utilize of company's resources. So far, numerous indicators have been worked out,
Category: Glossary, Type: Career