good way to think about it. The right KPIs help measure your strategy and clear focus. Metrics are your “business as usual” measures that still add value to your organization, but aren’t the critical measure you need to achieve. Every KPI is a metric, but not every metric is a KPI...
KPI, metric and measure are terms that serve as the building blocks for how business performance is both assessed and achieved, so it’s important to have a fundamental understanding. And it’s key to know how to define your organization's KPIs. Take it a step further and put your metric...
An eNPS-based pulse survey tool that empowers HRs to manage the workforce better. Vantage Perks A corporate discounts platform with a plethora of exclusive deals and offers from global brands. Vantage Fit A gamified corporate wellness platform that keeps the workforce ‘Fit’ and rewards the...
You might be thinking: isn't that just a metric? Not every metric is a KPI, but every KPI is a metric. There are a ton of different metrics to choose from, but some are more important than others when it comes to your business goals. Those are your KPIs, because they directly ...
While it might seem like a straightforward metric, the total order hides a lot of insights that can be discovered with the right analytics software. For example, you can understand rush periods when your clients are buying the most and target them with promotions or discounts to motivate them ...
It’s common for people to use the terms “KPI” and “metric” interchangeably, but they are different concepts. A metric measures some aspect of your business, such as revenue or website traffic. A KPI, on the other hand, is a specific metric used to measure progress toward a particula...
What’s the difference between a KPI and a metric A metric is a standard (or system) of measurement. Any time you measure anything, you are using a metric, whether that’s monthly revenue, sales conversion rate, number of customers, the average age of your customers, or the number of ...
One of the core values of KPIs is their ability to measure progress. They are the metrics that you monitor regularly to determine if your business is on the right path. When you keep an eye on these key performance indicators, you can see how close you are to achieving your strategic goa...
You can measure both KPIs and KQIs as single or multiple metrics. However, you may be more likely to measure KPIs with just one metric. For example, if you're looking to see if your website traffic increased after a promotion, the number you look at is the visitor count. However, yo...
Quality KPIs are essential in the Life Science industry, where products and services can have a direct impact on human health and well-being. Tracking quality KPIs allows companies to measure their performance, uphold rigorous requirements, and ensure that their products, services, and processes are...