Posts Tagged ‘Measures’

Global Petrol Price Index infographic

Thursday, June 30th, 2011

The price payed by motorists to fuel their cars has historically been influenced by multifaceted internal and external factors. The price of petrol is also impacting not only drivers but also also the cost of goods across the boarders, including price of food and of living in general. Below you can view an interactive info-graphic picturing a comparison of petrol prices between United Kingdom and other countries in Europe.

The info-graphic also contains a comparison between these countries on other 9 important KPIs:

  • # Population
  • # Cars per 1000 people
  • # Kilometers of roads per 1000 people
  • # Oil exported / imported per year (litres)
  • # Oil used per person per year (litres)
  • % Energy from renewables
  • % Fuel tax from total cost
  • $ GDP per capita
  • # Human Development Index

How do UK petrol prices compare with other countries?

Infographic by Staveley Head

Over 6400 Key Performance Indicator (KPI) examples on www.smartKPIs.com

Wednesday, March 2nd, 2011

Registered members of the www.smartKPIs.com community can now select their Key Performance Indicators (KPIs) from over 6400 performance measures documented and published in the online repository. The smartKPIs.com research team focused over the last few days on publishing examples from the Supply Chain, Procurement, Sales & Customer Service, Corporate Services and Human Resources functional areas. Examples from the Education & Training, Publishing, Arts & Culture and Financial Institutions industries were also added.

The functional areas with the highest number of KPI examples are:

The industries with the highest number of documented performance measures are:

Example of a documented performance indicator: # Incoming to outgoing exchange students ratio

smartKPIs Premium

The gold standard‘ in KPI documentation is now available on smartkpis.com. At the core of smartKPIs Premium is a set of over 1,200 KPI examples preselected by the eab group’s research team as the most relevant for practice across functional areas and industries. These were thoroughly documented in over 30 fields, 3 times more than the standard used for most other KPIs.

Example of a performance measure that was documented for smartKPIs Premium section: % Policy renewal rate

Registered member experience on http://www.smartKPIs.com

  • Learn: To learn more about performance management and Key Performance Management visit the Resources section.
  • Explore: To explore the library of KPI examples by navigating the functional area and industry directory, visit the Browse KPIs section.
  • Customize: To build your customized KPI library by saving favorite examples for later use, visit the My KPIs section.
  • Contribute: To propose a new example of KPI, visit the Submit KPIs section.
  • Collaborate: To collaborate with other users and to discuss KPI examples, add comments on each KPI description page, ask questions on smartKPIs Answers, or contribute to the smartKPIs Forum.
registered members

Over 6300 Key Performance Indicator (KPI) examples on www.smartKPIs.com

Friday, February 18th, 2011

Registered members of the www.smartKPIs.com community can now select their Key Performance Indicators (KPIs) from over 6300 performance measures documented and published in the online repository. The smartKPIs.com research team focused over the last few days on publishing examples from the Supply Chain, Procurement, Distribution and  Human Resources functional areas. Examples from the Infrastructure Operations, Transportation, Manufacturing and Telecommunication / Call Center industries were also added.

The functional areas with the highest number of KPI examples are:

The industries with the highest number of documented performance measures are:

Example of a documented performance indicator: # Answer seizure ratio (ASR)

smartKPIs Premium

The gold standard‘ in KPI documentation is now available on smartkpis.com. At the core of smartKPIs Premium is a set of over 1,200 KPI examples preselected by the eab group’s research team as the most relevant for practice across functional areas and industries. These were thoroughly documented in over 30 fields, 3 times more than the standard used for most other KPIs.

Example of a performance measure that was documented for smartKPIs Premium section: # Inventory to sales ratio (ISR)

Registered member experience on http://www.smartKPIs.com

  • Learn: To learn more about performance management and Key Performance Management visit the Resources section.
  • Explore: To explore the library of KPI examples by navigating the functional area and industry directory, visit the Browse KPIs section.
  • Customize: To build your customized KPI library by saving favorite examples for later use, visit the My KPIs section.
  • Contribute: To propose a new example of KPI, visit the Submit KPIs section.
  • Collaborate: To collaborate with other users and to discuss KPI examples, add comments on each KPI description page, ask questions on smartKPIs Answers, or contribute to the smartKPIs Forum.
registered members

States and nations infographic – Matching Gross Domestic Product (GDP) and Population size

Monday, February 14th, 2011

One of the most commented blog articles on The Economist is an dynamic infographic that maps state economies part of the US to their equivalents from around the world in terms of $ GDP and # Population size.

While “The Economist proves itself to be imaginative and interesting in its way of illustrating how our world works” as one of the article commentators is acknowledging, what proves to be really interesting from a performance measurement perspective, is the  interest expressed  by the article viewers to visualize  a comparison between America’s States and rest of the world in term of other performance indicators. As it results from a quick analysis of the opinions expressed in the comments section, the most popular  suggestion is  $ GDP per capita.

Other suggestions for comparison picked out from the article comments section are in terms of:

  • $ Median income
  • # Life expectancy
  • # Child mortality
  • # Geographical size
  • # Resources
  • % Debt from GDP

Source: The Economist, 2011

References

The Economist (2011), US equivalents – Which countries match the GDP and population of America’s states?, available at http://www.economist.com/blogs/dailychart, (accessed 22 January 2011)

Employee Engagement – a key driver of business performance

Tuesday, February 8th, 2011

Source: Compare Infobase Limited, 2007

Employee engagement has become in the recent years a hot topic. Although several scholars reported that it has rarely been studied in the academic literature and little scientific evidence is available about its antecedents and consequences (Saks, 2006; Robinson et al, 2004; Macey & Schneider, 2008), research initiatives in this area are on the rise (as illustrated by the number of journal published in the last few years).

Alignment between recruitment, retention and engagement is essential due to implications on the organizational delivery capability.

According to a research study documented by Echols (2007) cited in Bux & Tay (2010), “85% of value creation is driven by intangible assets such as people and not by asset on the balance sheet”. Searching and retaining the right talent and most of all, keeping them engaged represents today the key that drives lean organizations forward and sustains business performance in competitive and dynamic market conditions. A report on the American workforce shows that roughly half of all Americans in the workforce are not fully engaged or they are disengaged, leading to what was referred to as an “engagement gap” that it cost US businesses an estimated $ 300 billion a year in lost productivity (Saks, 2006 citing Bates, 2004; Johnson, 2004 & Kowalski, 2003).

What is Employee Engagement?

Many practitioners consider employee engagement a measure that reflects the extent to which employees contribute through their effort and enthusiasm to the success and performance of their organization.

In the same line of thought Crim and Seijts (2006) consider that an engaged employee is a person inspired, fascinated, fully involved, and committed for its work and willing to see the organization succeeding in its mission.

Accordingly, Sacks (2006) associates employee engagement with a sustainable workload, feelings of choice and control, recognition, fairness and justice, a supportive work community and meaningful and valued work.

Robinson et al. (2004) from the Institute of Employment Studies attribute several characteristics to engaged employees:

  • Belief in the organization
  • Desire to work and make things better
  • Understanding of business context and the ‘bigger picture’
  • Respectful of, and helpful to, colleagues
  • Willingness to go the extra mile
  • Keeping up to date with developments in the field

What is takes to raise the level of employee engagement?

According with Robinson et al.(2004), it’s not enough to wish to improve employee engagement, but you need to have strong “building blocks” at the base of your initiative. Here are several aspects that need to be taken into account:

  • Good quality line management;
  • Two way communication;
  • Effective internal co-operation;
  • A development focus;
  • Commitment to employee well-being;
  • Clear accessible HR policies and practices, to which all managers from all levels are committed.

References

Bux, R.S. and Tay, A. (2010), The Relationship of Psychological Empowerment, Talent Engagement and Talent Outcomes, International Review of Business research Papers, Vol 6, No. 1, pp. 215-227

Crim, D and Seijts, H. G. (2006): What engages employees the most or, The ten C’s of employee engagement, Ivey Business Journal, March/April

Macey, W.H. and Schneider, B. (2008), The meaning of Employee Engagement, Society for Industrial and Organizational Psychology, Vol. 1, pp. 3-30, available at http://www.learnership.co.uk/archive/29.pdf , (accessed 22 January 2011)

Robinson, D., Perryman S. and Hayday, S. (2004), The Drivers of Employee Engagement, a study supported by the  Institute of Employment Studies Research Network, Report 408, available at http://www.managingpeople4profit.com/uploads/2/8/1/6/2816853/www-employment-studies-co-uk_drivers_of_engagement.pdf, (accessed 22 January 2011)

Sacks, M. A. (2006), Antecedents and consequence of employee engagement, Journal of Managerial Psychology, Vol. 21, No. 7, pp. 606-619

Additional resources

Lockwood, N.R. (2007), Leveraging Employee Engagement for Competitive Advantage: HR’s strategic role, Society of Human Resource Management, available at http://www.improvedexperience.com

smartKPIs.com (2010), Employee Engagement Index, smartkpis.com Blog, available at http://www.smartkpis.com/blog/2010/03/03/employee-engagement-index/ , (accessed 22 January 2011)

smartKPIs.com (2010), Gallup’s Customer Engagement Index, smartkpis.com Blog, available at http://www.smartkpis.com/blog/2010/03/11/gallups-customer-engagement-index/, (accessed 22 January, 2011)

smartKPIs.com (2010), Employee engagement and organizational performance, smartkpis.com Blog, available at http://www.smartkpis.com/blog/2010/08/06/employee-engagement-and-organisational-performance/ , (accessed 22 January 2011)

Over 6200 Key Performance Indicator (KPI) examples on www.smartKPIs.com

Monday, January 24th, 2011

Registered members of the www.smartKPIs.com community can now select their Key Performance Indicators (KPIs) from over 6200 performance measures documented and published in the online repository. The smartKPIs.com research team focused over the last few days on publishing examples from the Portfolio and Project Management, Human Resources functional areas. Examples from the Infrastructure Operations, Transportation and State and Local Government industries were also added.

The functional areas with the highest number of KPI examples are:

The industries with the highest number of documented performance measures are:

Example of a documented performance measure: # Passengers per aircraft movements

smartKPIs Premium

The gold standard‘ in KPI documentation is now available on smartkpis.com. At the core of smartKPIs Premium is a set of over 1,200 KPI examples preselected by the eab group’s research team as the most relevant for practice across functional areas and industries. These were thoroughly documented in over 30 fields, 3 times more than the standard used for most other KPIs.

Example of a performance measure that was documented for smartKPIs Premium section: % New hire failure

Registered member experience on http://www.smartKPIs.com

  • Learn: To learn more about performance management and Key Performance Management visit the Resources section.
  • Explore: To explore the library of KPI examples by navigating the functional area and industry directory, visit the Browse KPIs section.
  • Customize: To build your customized KPI library by saving favorite examples for later use, visit the My KPIs section.
  • Contribute: To propose a new example of KPI, visit the Submit KPIs section.
  • Collaborate: To collaborate with other users and to discuss KPI examples, add comments on each KPI description page, ask questions on smartKPIs Answers, or contribute to the smartKPIs Forum.
registered members

Over 6100 Key Performance Indicator (KPI) examples on www.smartKPIs.com

Friday, January 14th, 2011

Registered members of the www.smartKPIs.com community can now select their Key Performance Indicators (KPIs) from over 6100 performance measures documented and published in the online repository. The smartKPIs.com research team focused over the last few days on publishing examples from the Portfolio and Project Management, Production & Quality Management and Sales And Customer Service functional areas. Examples from the Arts and Culture (Library and Museums), Agriculture and State and Local Government industries were also added.

The functional areas with the highest number of KPI examples are:

The industries with the highest number of documented performance measures are:

Example of a documented performance measure: % Training investment per customer

smartKPIs Premium

The gold standard‘ in KPI documentation is now available on smartkpis.com. At the core of smartKPIs Premium is a set of over 1,000 KPI examples preselected by the eab group’s research team as the most relevant for practice across functional areas and industries. These were thoroughly documented in over 30 fields, 3 times more than the standard used for most other KPIs.

Example of a performance measure that was documented for smartKPIs Premium section: # Project schedule performance index (SPI)

Registered member experience on http://www.smartKPIs.com

  • Learn: To learn more about performance management and Key Performance Management visit the Resources section.
  • Explore: To explore the library of KPI examples by navigating the functional area and industry directory, visit the Browse KPIs section.
  • Customize: To build your customized KPI library by saving favorite examples for later use, visit the My KPIs section.
  • Contribute: To propose a new example of KPI, visit the Submit KPIs section.
  • Collaborate: To collaborate with other users and to discuss KPI examples, add comments on each KPI description page, ask questions on smartKPIs Answers, or contribute to the smartKPIs Forum.
registered members

Over 6000 Key Performance Indicator (KPI) examples on www.smartKPIs.com

Tuesday, December 28th, 2010

Registered members of the www.smartKPIs.com community can now select their Key Performance Indicators (KPIs) from over 6000 performance measures documented and published in the online repository. The smartKPIs.com research team focused over the last few days on publishing examples from the Accounting and Sales functional areas. Examples from the Arts and Culture (Library and Museums), Financial Institutions (Insurance) and Media industry were also added.

The functional areas with the highest number of KPI examples are:

The industries with the highest number of documented performance measures are:

Example of a documented performance measure: % First call resolution rate

smartKPIs Premium

The gold standard‘ in KPI documentation is now available on smartkpis.com. At the core of smartKPIs Premium is a set of over 1,000 KPI examples preselected by the eab group’s research team as the most relevant for practice across functional areas and industries. These were thoroughly documented in over 30 fields, 3 times more than the standard used for most other KPIs.

Example of a performance measure that was documented for smartKPIs Premium section: # Employee satisfaction

Registered member experience on http://www.smartKPIs.com

  • Learn: To learn more about performance management and Key Performance Management visit the Resources section.
  • Explore: To explore the library of KPI examples by navigating the functional area and industry directory, visit the Browse KPIs section.
  • Customize: To build your customized KPI library by saving favorite examples for later use, visit the My KPIs section.
  • Contribute: To propose a new example of KPI, visit the Submit KPIs section.
  • Collaborate: To collaborate with other users and to discuss KPI examples, add comments on each KPI description page, ask questions on smartKPIs Answers, or contribute to the smartKPIs Forum.
registered members

Over 5900 Key Performance Indicator (KPI) examples on www.smartKPIs.com

Friday, December 24th, 2010

Registered members of the www.smartKPIs.com community can now select their Key Performance Indicators (KPIs) from over 5900 performance measures documented and published in the online repository. The team focused over the last few days on publishing examples from the Information Technology functional area. Examples from the Arts and Culture (Library and Museums), Infrastructure Operations (Ports) and Construction & Capital Works sectors were also added.

The functional areas with the highest number of KPI examples are:

The industries with the highest number of documented performance measures are:

Example of a documented performance measure: % Maintenance cost from equipment cost

smartKPIs Premium

The gold standard‘ in KPI documentation is now available on smartkpis.com. At the core of smartKPIs Premium is a set of over 1,000 KPI examples preselected by the eab group’s research team as the most relevant for practice across functional areas and industries. These were thoroughly documented in over 30 fields, 3 times more than the standard used for most other KPIs.

Example of a performance measure that was documented for smartKPIs Premium section: # Employee satisfaction

Registered member experience on http://www.smartKPIs.com

  • Learn: To learn more about performance management and Key Performance Management visit the Resources section.
  • Explore: To explore the library of KPI examples by navigating the functional area and industry directory, visit the Browse KPIs section.
  • Customize: To build your customized KPI library by saving favorite examples for later use, visit the My KPIs section.
  • Contribute: To propose a new example of KPI, visit the Submit KPIs section.
  • Collaborate: To collaborate with other users and to discuss KPI examples, add comments on each KPI description page, ask questions on smartKPIs Answers, or contribute to the smartKPIs Forum.
registered members

Over 5800 Key Performance Indicator (KPI) examples on www.smartKPIs.com

Wednesday, December 22nd, 2010

Registered members of the www.smartKPIs.com community can now select their Key Performance Indicators (KPIs) from over 5800 performance measures documented and published in the online repository. The team focused over the last few days on publishing examples from the Accounting functional area. Examples from the Arts and Culture (Library and Museums) and Infrastructure Operations (Ports) sectors were also added.

The functional areas with the highest number of KPI examples are:

The industries with the highest number of documented performance measures are:

Example of a documented performance measure: $ Berth occupancy revenue per ton of cargo

smartKPIs Premium

The gold standard‘ in KPI documentation is now available on smartkpis.com. At the core of smartKPIs Premium is a set of over 1,000 KPI examples preselected by the eab group’s research team as the most relevant for practice across functional areas and industries. These were thoroughly documented in over 30 fields, 3 times more than the standard used for most other KPIs.

Example of a performance measure that was documented for smartKPIs Premium section: # Employee satisfaction

Registered member experience on http://www.smartKPIs.com

  • Learn: To learn more about performance management and Key Performance Management visit the Resources section.
  • Explore: To explore the library of KPI examples by navigating the functional area and industry directory, visit the Browse KPIs section.
  • Customize: To build your customized KPI library by saving favorite examples for later use, visit the My KPIs section.
  • Contribute: To propose a new example of KPI, visit the Submit KPIs section.
  • Collaborate: To collaborate with other users and to discuss KPI examples, add comments on each KPI description page, ask questions on smartKPIs Answers, or contribute to the smartKPIs Forum.
registered members

Over 5700 Key Performance Indicator (KPI) examples on www.smartKPIs.com

Monday, December 20th, 2010

Registered members of the www.smartKPIs.com community can now select their Key Performance Indicators (KPIs) from over 5700 performance measures documented and published in the online repository. The team focused over the last few days on publishing examples from the Finance functional area. Examples from the Arts and Culture sector were also added.

The functional areas with the highest number of KPI examples are:

The industries with the highest number of documented performance measures are:

Example of a documented performance measure: # Turnaround time

smartKPIs Premium

The gold standard‘ in KPI documentation is now available on smartkpis.com. At the core of smartKPIs Premium is a set of over 1,000 KPI examples preselected by the eab group’s research team as the most relevant for practice across functional areas and industries. These were thoroughly documented in over 30 fields, 3 times more than the standard used for most other KPIs.

Example of a performance measure that was documented for smartKPIs Premium section: # Employee satisfaction

Registered member experience on http://www.smartKPIs.com

  • Learn: To learn more about performance management and Key Performance Management visit the Resources section.
  • Explore: To explore the library of KPI examples by navigating the functional area and industry directory, visit the Browse KPIs section.
  • Customize: To build your customized KPI library by saving favorite examples for later use, visit the My KPIs section.
  • Contribute: To propose a new example of KPI, visit the Submit KPIs section.
  • Collaborate: To collaborate with other users and to discuss KPI examples, add comments on each KPI description page, ask questions on smartKPIs Answers, or contribute to the smartKPIs Forum.
registered members

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