People Matters: Outlook 2021 - February 2021

Page 58

How KDIs measure beyond performance The advantage of KDI measurements is that they avoid the subjectivity of psychometric questionnaires, employee surveys, and happiness rankings that rely only on self-reporting

c o v e r

s t o r y

By Dr. Bob Aubrey

K

ey performance indicators (KPIs) are a staple of many performance management systems, but are they sufficient to measure the real contribution of individuals or entire teams? Or do organizations need to go a step further, and look at a different metric: key development indicators? Many companies experienced unexpected difficulty with their existing performance metrics during the COVID-19 pandemic. This fictional case illustrates how the problem arose, and why there is a need for different forms of measurement.

Heroes beyond performance

58

It is early 2021 and this midsize multinational company, which could be anywhere in the world, is starting its post-COVID strategic planning. As they review the year just past, the CEO and | FEBRUARY 2021

KDIs should be part of any conversation about setting individual objectives and assessing impact and should figure in the assessment for bonuses Board find that HR has done a heroic job in managing the pandemic crisis. HR implemented health and safety policies to minimize contagion in operations worldwide. They engineered a miraculous acceleration in the use of technologies for working from anywhere. They reached out to every employee working from home and helped adjust the workplace to their

individual needs and preferences—especially those who had to home-school their children and make conference calls from their bedroom. They even sent computers and office equipment to those that needed it. HR organized resources and volunteers to help deal with the pandemic wherever the company operated. They instantaneously adopted and organized tracing technologies—while rejecting the suggestion from one IT consultancy to track employee “engagement” using the camera on employee computers. They embraced the shift to online learning and extended the platform to partners and suppliers. And yet, none of this tremendous contribution was


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StAkEhOLdER gOVERnAncE

8min
pages 89-92

hR StRAtEgY

15min
pages 93-99

IntERVIEw

6min
pages 86-88

thE ROAd LESS tRAVELLEd

15min
pages 79-85

LEAdERShIp

5min
pages 76-78

clinTon WingrovE Director of

8min
pages 72-75

Mary cHua, Senior Client Partner, APAC

8min
pages 68-71

Mark BilTon, Managing Director of Thought

3min
pages 66-67

FaHaD naEEM Head of Operations

9min
pages 61-65

Dr. BoB auBrEy, Managing Director of Bob

5min
pages 58-60

JESSica MiTcHEll, Director, HR Business

10min
pages 53-57

IntERVIEw

7min
pages 38-41

nEwS FEAtURE

28min
pages 14-28

thE nEw wORkpLAcE

7min
pages 42-47

LEAdERShIp

4min
pages 36-37

pERFORmAncE mAnAgEmEnt

11min
pages 29-35

JonaTHan PEarcE Consulting Principal at

8min
pages 48-52

Letters of the month

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pages 6-7

Quick Reads

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