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 are KPIs for team performance? ›

Key Performance Indicators are a set of factors that can make it easy for managers and supervisors to measure a team's performance and efficiency in the workplace. The most common KPI is profit.

How do you answer KPI interview questions? ›

To answer this question effectively, provide examples from previous roles or projects where you defined meaningful KPIs that aligned with business objectives. Explain why those specific metrics were chosen over others based on data analysis or customer feedback insights.

What is a KPI with 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.

How do you write a KPI example? ›

Follow these steps when writing one:
  1. Write a clear objective. ...
  2. Share objectives with stakeholders. ...
  3. Conduct weekly or monthly reviews. ...
  4. Prioritize actionable KPIs. ...
  5. Keep KPIs flexible to suit business needs. ...
  6. Set realistic targets but add stretch goals. ...
  7. Update your objectives as needed.

How do you set KPI for a team? ›

How to create KPIs
  1. Establish the context of your KPIs. When it comes to prioritizing business objectives, clarity is a must. ...
  2. Identify your short-term and long-term goals. ...
  3. Define the key metrics of success for each goal. ...
  4. Add KPIs to product roadmaps. ...
  5. Reference KPIs during team meetings.

What are the 4 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 is KPI as a team? ›

KPI stands for key performance indicator, a quantifiable measure of performance over time for a specific objective. KPIs provide targets for teams to shoot for, milestones to gauge progress, and insights that help people across the organization make better decisions.

What is the KPI of a team leader? ›

In conclusion, great leaders understand that their success is intrinsically linked to the success of their team members. By focusing on these four main KPIs - keeping people informed, involved, interested, and inspired - leaders can build strong and engaged teams.

What is the first question to answer when defining a KPI? ›

Knowing the objective of the process being measured is probably the most crucial foundation of an effective KPI. If you aren't sure what 'success' looks like, how can you be certain what you should be measuring? Take for example a process called 'Mow Golf Course Greens'. What's the objective of that process?

What should a key performance indicator tell you? ›

Key performance indicators (KPIs) measure a company's success vs. a set of targets, objectives, or industry peers. KPIs can be financial, including net profit (or the bottom line, net income), revenues minus certain expenses, or the current ratio (liquidity and cash availability).

What is the best example of a well written KPI? ›

SMART KPI examples are KPIs such as “revenue per region per month” or “new customers per quarter”. Iterate and evolve. Over time, see how you or your audience are using the set of KPIs and if you find that certain ones aren't relevant, remove or replace them.

How do you talk about KPIs in an interview? ›

Provide context: Explain the general nature of your role and responsibilities within the organization. Outline specific KPIs: Describe the key performance indicators that are relevant to your position and how they contribute to the overall objectives of your team or department.

What is an example of a possible key performance indicator KPI? ›

Categories of KPIs

Executives are most likely to use strategic KPIs, and examples of strategic KPIs include return on investment, profit margin, and total company revenue. Operational KPIs are focused on a much tighter time frame.

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