Buzzwords KPIs

Buzzwords KPIs Buzzwords KPIsPosted January 10, 2014, by Julia Watters The first time someone mentioned KPIs to me, I stared vacantly, nodded and promptly turned to my good friend Google. It is, as I discovered, an acronym for key performance indicators and is a widely recognised performance review tool in the business world. While KPIs can be used to benchmark the achievements of entire organisations, they can also represent a mutual agreement between a manager and an employee and be used to track individual performance. Establishing KPIs with your manager is a great opportunity to nut out what you both believe your role demands and what goals you need to be achieving throughout the work year. For example, you could have sales targets to aim for, efficiency goals to work towards, or perhaps you are expected to have progressed to a certain point in particular projects. The agreed indicators should provide an overview of your performance but still allow for the variables that will in evitably crop up during the year. Another benefit of having predetermined performance indicators with your anfhrer is the ability to push back when you feel your workload is getting to be too much. It should also provide your manager, and others in your organisation, with a broad yet useful idea of what your role involves and how it needs to develop from year to year. Regular reviews of your KPIs will also give you the opportunity to present your case for increased responsibilities or promotion. But if you dont have KPIs or youve never been through a review process or goal planning, dont worry. Suggesting that you set some goals with your boss will generally be welcomed and it can definitely work in your favour. Unless, of course, youve been getting away with doing nothing for the last yearthen maybe its time to answer some emails. If you are keen to update your skills, there are plenty of online courses to help you boost your knowledge and earn you some boss brownie points as we ll. ResourcesMy first resumeCover letter for my first jobCareer Insider StoriesShelley Lask - Body Positive Health & FitnessInterested in becoming a?Human Resources OfficerGeneral ManagerBusiness ManagerAccountantOffice Administrator CoursesBachelor of Social WorkEnquire Online Enquire OnlineCertificate III in Health AdministrationEnquire Online Enquire OnlineBachelor of Criminal JusticeEnquire Online Enquire OnlineCertificate III in Allied Health AssistanceEnquire Online Enquire OnlineJulia WattersRelated ArticlesBrowse moreAgricultureA different kind of hay feverWe chat to Rohan Brill, a Research and Development Agronomist for the NSW Department of Primary Industries, about why he chose a career in Agriculture.Work/life balanceWorking in Australiartlich Australia Is the grass really greener?Regional cities are booming with job opportunities ripe for the picking. Is regional Australia where its at?WORKFORCE TRENDSEarn or learnWith youth unemployment rising, federal and state govern ments have joined forces to guarantee a place in study or training for every unemployed person under 25.