The purpose of KPI reporting is to provide a continuous feedback loop where results from activities and performance are reported and are used to help make the best decisions possible.
To improve your team’s performance, you should first understand your members’
strengths. This allows you to delegate tasks more effectively. You will also be able to
uncover the actual underlying cause of any problems in the team.
Directing individual strengths in the right direction leads to higher productivity as it
makes members feel happy and content with doing what they do best.
Your team is the one who brings you the much-needed revenue. If your team isn’t
performing, there’s a high chance that your business will not get the desired result and you might not hit the target for that month.
A KPI report(key performance indicator) gives you a brief about what your team has
been up to and how you can improve their performance. Therefore you can take
necessary measures to increase your team’s productivity to bring in more revenue.