Performance management is the organized approach through which a company involves the employees in increasing company performance in the achievement of business goals and objectives.
Generally, financial ratio is a straightforward numerical comparison of typically 2, 3 or even more items from the company’s financial reports. Who Uses Asset Utilization Ratios Business people in addition to managers work with ratios of types to chart the’ … Continued
Overall Equipment Effectiveness (OEE) Overall Equipment Effectiveness or OEE is a defacto standard for tracking and managing manufacturing performance. To put it simply, OEE determines the proportion of production time which is really effective. For example OEE report of 100% … Continued
Balanced Scorecard Strategies Many companies follow more actions than they use. Today’s managers recognize effect of performance measures. Scorecard actions are based on the organization’s strategic goals and competition needs. Unlike classic metrics, information from four perspectives also provide a … Continued
Encourage Top Performance by Offering Honest Performance Reviews Do you provide annual performance reviews and/or a comparable kind of feedback to other people throughout the year? If that’s so, your goal will be to create an organization that performs better. … Continued
Optimizing Operational Management Performance For a medium-sized company, efficiency and effectiveness are of paramount importance. By applying the process as an added value plus avoiding the practice that is not, the company makes the job more effective. Management teams often … Continued
Standardized Work Standardized work can help you boost quality and performance: These working standards are reasonable documents where content often does not change. The last category is, of course, most famous part of everything. Standardized work is only available in … Continued
Six Sigma Lean Quality Management Concepts Quality assurance techniques deal with quality challenges within the output from organizations. Lean and 6 sigma concepts use strategies and KPIs to an activity in promoting performance with minimal quantity of flaws. Organizations initially … Continued
Setting Quality Goals, Creating Quality Plans and Using the Right Quality Tools Businesses big and little put into action quality management programs to boost performance while increasing client satisfaction with the organization’s services and products. A beneficial quality management system … Continued
How to Track Employee Performance It is very important for new managers to keep in mind that as important it is to track performance of employees – it is of same importance to provide constructive feedback. Monitoring employee performance is … Continued
Aligning HR Management and Business Process Management Within the current market that consistently would be shifting with fast developments created in technology, the business executives had to reject previous concepts of business management plus redo “the management laws” one more … Continued
