7 Key Performance Indicators (KPIs) for Your Team (2024)

How do you really know who your best performing team members are? Having a set of critical key performance indicators for your employees is a good way to develop an objective view of your top performers. We've defined seven key critical performance indicators to help you go about measuring performance in your team.

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Engagement

How happy and engaged is the employee? Does he/she interact with others at work and interact with you in conversations? An early warning sign for dis-engaged employees are those people who do not communicate, are often not visible in the office or unresponsive to emails. Engaged employees are more productive and contribute to a positive work environment.

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Energy

Employees with energy are those who show up to work with an enthusiastic attitude and a desire to get things done. Look for the people who spend their energy in productive ways - like producing deliverables, conducting meetings and communicating a lot. High energy level individuals will often be highly motivated and put in the extra hours.

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Influence

A great key performance indicator is the amount of influence an employee has over his/her peers, managers and direct reports. Employees with influence will rapidly rise to the top because there is normally some reason for their gathered respect, whether it is because they are a subject matter expert in that particular area, or because they are an influential leader.

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Quality

In the long term quality is a greater indicator for success than speed. Look for people who are diligent, hard working and have attention to detail. The quality of an employees work should be sufficient to set them apart from the crowd. Always value employees who let the quality of their work do the talking, rather than their mouthes.

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People skills

Socially adept networkers are sure to rise to the top, and should be given appropriate opportunities to use these skills for the betterment of the company. Employees with great people skills should be given chances to manage teams and work on the people agenda of the company. However, watch out for the quality of their deliverables and ensure they live up to their own standards.

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Technical ability

In technical roles the pure ability to execute on the job description is a good key performance indicator. Employees who are in highly technical roles should be judged accordingly, and not compared with other departments who might fulfil a more generic business function. Be sure to understand the technical background of the role when assessing these staff members.

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Results

Results trump everything else. If someone is constantly hitting and exceeding their targets, then there can be no arguments against what they are achieving. A results driven workforce which rewards people based purely on results can be a highly effective way to manage teams.

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Find out more about high performing teams here:

7 Key Performance Indicators (KPIs) for Your Team (2024)

FAQs

How do you answer key performance indicators? ›

Follow these steps to choose and implement key performance indicators:
  1. Determine your end goal. ...
  2. Ask key performance questions (KPQs) ...
  3. Identify what information you already have. ...
  4. Collect supporting data. ...
  5. Determine how frequently you'll measure each KPI. ...
  6. Set short- and long-term goals for the KPI.
Oct 16, 2023

What is a KPI with an example? ›

In simple terms, key performance indicators are a goal that you work towards achieving. For the sake of simplicity, let's look at this example: you own an apple stand, and to be profitable this month, you have to sell 1,000 apples. So, you set your KPI: sell 1,000 apples this month.

What is the key performance indicator (KPI)? ›

KPI stands for key performance indicator, a quantifiable measure of performance over time for a specific objective.

What are the 5 performance measures? ›

These metrics—or five Work Performance Indicators (WPIs)—are mix, capacity, velocity, quality, and engagement.

What is an example of a smart KPI? ›

A simple KPI goal might be “shorten sales cycle length,” which tracks the average time it takes from initial contact to closing a sale. A SMART KPI goal would be “Decreasing sales cycle length by 5% each month to decrease sales costs by 15% by the end of Q4.”

How many KPIs should an employee have? ›

Try not to have too many KPIs: the optimum number for most areas of a business is between four and 10. Just make sure that you have enough to measure how your team or organization is performing against your key objectives.

What is an example of a bad KPI? ›

For example, say your business had a KPI along the lines of “make the workplace neater” or something else similarly vague. In this instance, employees might clean up their desks and make their workspaces nicer, but still fall short of the goal because there's no measurable standard.

What is a KPI checklist? ›

KPI is a measurable value that helps organizations track their progress using a checklist toward achieving specific objectives. They provide data-driven insights into performance, allowing businesses to make informed decisions and optimize strategies for future growth.

What are the four main types of performance indicators? ›

Anyway, the four KPIs that always come out of these workshops are:
  • Customer Satisfaction,
  • Internal Process Quality,
  • Employee Satisfaction, and.
  • Financial Performance Index.

What are the 4 P's of KPI? ›

For marketers, the best guidance for choosing KPIs comes directly from your Intro to Marketing class: the four P's. For you non-marketers out there, those would be product, price, place, and promotion.

How do you measure a team's performance? ›

The team can be measured on its work results or products. These types of measures could include: the number of cases completed; the use, acceptance, and understandability of the team's final report; the number of customer requests for the team's report; the subscription rate of the team's newsletter.

How to measure if a team is high performing? ›

Here are some secrets or key strategies for measuring a high-performance team: Set Clear Goals & Expectations, Track Progress Regularly, Assess Individual & Team Performance, Use Data and Metrics, Seek Feedback, Evaluate Team Dynamics,Monitor Continuous Improvement, Celebrate Achievements, Benchmark Against Industry ...

How to measure team effectiveness KPIs? ›

Key Performance Indicators (KPIs)

Identify specific KPIs that are relevant to your team's goals and objectives. These could include metrics like sales revenue, customer satisfaction scores, project completion times, or defect rates, depending on your team's focus.

How do you evaluate team performance? ›

The 5 Most Important Metrics for Evaluating Team Performance
  1. 1) Team Member Feedback. ...
  2. 2) Team Turnover Rate. ...
  3. 3) Project Delivery Success Rate. ...
  4. 4) Conflict Resolution Rate. ...
  5. 5) Team Development Rate.

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