The personal characteristics of this top manager may vary. Everything depends on the specific requirements set by the management structure. In some cases, the emphasis is on the skills of the manager. Others value creativity and the ability to find a way out of a difficult situation.
Thus, the KPIs for the production director can be formulated as follows:
KPI 1 – the amount of profit or cash for a certain period.
KPI 2 – fulfillment of the production plan.
KPI 3 – number of new products in the range.
KPI 4 – fulfillment of the production budget (possibly in the form of reducing costs without loss of product quality).
KPI 5 – the share of fixed production costs in the overall cost structure (with a focus on optimizing production processes and labor organization).
It should be noted that specific KPI values for the production director should be set taking into account the level of development of the company, the current market situation and general indicators in the industry.
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I have always been concerned uganda email list about the issue of moving to a fundamentally new level. So that the indicators would grow not by 2 or 3 times, but by several orders of magnitude. From a thousand visits to ten thousand or from ten thousand to a hundred thousand, if we are talking about a website, for example.
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Collection of site semantics.
Creating useful content.
Working on conversion.
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KPI of the Head of the Finance Department
The development and subsequent adherence to the financial strategy of the enterprise is the main task of the financial director. If the KPI system for this top manager is created correctly, it will help maintain the competitiveness of the enterprise and ensure stable income growth.
To implement the plan, the CFO must effectively distribute tasks among different departments and apply the results of the performance evaluation in the process of further planning of the company's activities.
To develop an employee's KPI, it is necessary to consider the relationship between their authority and sphere of influence. For example, if the CFO has significant authority in the area of planning, budgeting and financial optimization, their influence on the personnel of the production departments and the employees of the sales department may be very limited.
Let us list the main financial indicators that can be established for this top manager:
profitability by gross, operating and net profit;
return on investment;
level of accounts payable and receivable;
cost effectiveness;
return on capital.
If the financial director consistently achieves the established indicators, then it can be argued that the employee has high competencies in strategic planning and knows how to optimize the work of his subordinates.
Team Lead
Source: shutterstock.com
Having understood all the nuances of the KPI system, the financial director must transfer the established evaluation criteria to his departments. For each employee, a goal and a deadline for achieving the intended value are determined.
The size of the bonus for the reporting period will depend on the quality, completeness and speed of achieving the indicators. Thus, due to the KPI system, the financial director can influence the performance of his subordinates.
Let us list the goals of developing and implementing a KPI system for a financial director:
distribution of strategic tasks between functional areas and down to the level of specific business units;
establishing a transparent system for evaluating the performance of subordinates;
analysis of the relationships between the results of the work of various departments;
collection of objective information for effective control over the activities of individual subordinates.