Why Balanced KPI? | How the Tool Works?

Why Balanced KPI?

Balanced KPI - Dashboards

A True Performance management is about helping the organization grow as well as the employees. All employees goals should aligh to the company goals. This way, the employee is allowed to be creative using their competencies in achieving the agreed goals.

All company goals are cascaded downwards into divisions/departments then down to employees. Therefore, all individual employees goals should be aligned to their department's head.
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1. Smart Goals

Balanced KPI tool has come to ensure that this process of performance management is transparent, easy and very objective.

Balanced KPI is a well-established tool that you can use to plan and achieve your goals both as an individual or as company/organization. Using Balanced KPI performance tool, it will ensure that all your Goals are Specific (Clear), Measurable for purpose of tracking, Achievable, Realistic and Time-bound. Balanced KPI is SMART

  • Specific,
  • Measurable,
  • Achievable,
  • Realistic,
  • Timely

2. Competencies

Different employees have different characteristics and skills that enable and improve the efficiency or performance.

Balanced KPI tool is able to monitor employee's competencies based on an organizations core values. These organizationals core values are extracted from:

  • Developing - Comminication, Organizational know-how, Personal Effectiveness,
  • Coaching - Teamwork, Achieving Business results, Conceptual and critial thinking,
  • Assessing - Technical Knowledge, Leadership and communication

Any organization which chooses to use this ensures that employee get to develop other skills as the continue doing what their duty pertains. These skills improve performance as mentioned earlier or even take more responsibilites to the advantage of the organization.

Balanced KPI - Competency Models

Balanced KPI - Phasing

3. Phasing

It is said that Rome was built in a day, and so is achieving goals. Balanced KPI has a feature where all goals are phased monthly for easier monitoring. After goals setting, goal phasing follows immediately after.

Monthly phasing is very good for adhoc performance monitoring, month-by-month. This way, each supervisor can be able to know their employees' performance at any given time.

4. Organogram

Balanced KPI automatically generates an organogram for top management (on-request) with performance colour or red, yellow and green based on the performance of each employee on the organogram. This way, the Balanced KPI helps management get an overview performance of the organization.

Balanced KPI - Organogram