What Are the 4 Metrics to Measure Team Productivity
Understanding how well your employee's work will help you properly assess your business development and improve your possible results.
You should always rely on data to measure team performance. But this does not mean that you just need to analyze the work of employees every quarter or year. The productivity assessment process should be more flexible and use the following metrics.
The ratio of planned to completed
Projects are not completed for various reasons. For example, you could change your branding strategy or make a beer to develop a more customer-needed product. Even if the change of plans has benefited your business, you need to understand how effectively the team worked on the previous plans. The ratio of the planned to complete will show what percentage of tasks the employees were able to complete. You can also read A Life Lesson Fail.
Analyzing this metric will give you an idea of your team's capabilities. If your company performs only a small percentage of plans, you may be misrepresenting them or your employees do not have the right qualities.
Running a work cycle
Agile metrics can be used in almost any type of business. Such a system forces you to break down tasks into small sub-tasks and thus optimize your productivity. The shorter the work cycle, the faster you do your job.
When you have months to go before the deadline, you have little motivation to work effectively on a project. But if you break the task into short work cycles, the approaching deadlines will make your teamwork more productively. Instead of measuring whether employees have completed the task on time, pay attention to how effectively they work within a set time frame.
When you work in a small team, the presence of a member can have a significant impact on the success of the final product. Even if you work remotely, it's still easy to see who's not doing too the team. Pay attention to missed meetings, sick leave, and the number of delays. All these factors can indicate that the employee is experiencing professional burnout or he has health problems or something else.
When one team member doesn't do their part, others have to work harder. For a small team operating in tight deadlines, the absence of one employee can negatively affect the morale of all other employees. While attendance and time spent at work may not necessarily reflect employee productivity, these metrics can be useful in measuring your team's motivation.
Number of defects admitted
This metric is usually used by developers who count the number of bugs missed in a new product. It is easy for each company to be considered for errors that affect the buyer. For example, if you're a marketer, the defect will be a failed Facebook ad campaign or customer complaint. These situations are less common than bugs in programs, but counting their numbers will help you understand how well your team understands customer needs.
To get the data for this metric, you need to create a simple feedback system so that your customers and team can quickly report all the issues. Once you've identified the total number of bugs, you'll be able to calculate how many of them appear over time and understand how satisfied your customers are and the team is productive.