“Obviously, SIFs are the ones that are going to change how someone lives.” Ultimately, TRIR is still an important worker safety KPI for utilities. But, a robust and progressive worker safety program needs to move beyond it to prioritize other KPIs — especially leading indicators. Worker ...
A safe workplace is crucial to reducing risks and building a secure environment for employees. This KPA involves implementing strong risk management policies and ensuring compliance with safety regulations. When employees feel secure, they are more focused and productive, reducing the likelihood of acci...
KPIs that adhere to theSMARTformula are considered to be effective. When setting goals, it’s essential to ensure they are Specific, Measurable, Attainable, Realistic, and Time-Bound. A few goals examples are “Achieve a 5% quarterly sales growth” or “Raise the Net Promoter Score by 25% ...
A good exit interview process will provide simple, actionable insights to reduce unwanted employee attrition. Learn more in our guide!
specific HR bottlenecks and challenges. Consider your industry, company culture, and size when evaluating potential solutions. For instance, a creative agency might prioritize freelance talent management features andproject managementcapabilities, while a manufacturing plant may need robust safety training ...
What are the most important KPIs for inventory management? The most important key performance indicators for inventory management include inventory turnover, shrinkage, demand forecast accuracy, sell-through rate, days on hand, backorder rate, average inventory, and lead time. ...
Maintenance needs and resources are difficult to estimate when based on unpredictable equipment failures. Running equipment until it malfunctions can result in faster deterioration, causing more frequent asset replacement and shorteruseful life. Unexpected equipment failure poses potential safety risks. ...
7. Safety, Health, and Environment These considerations are meant to eliminate the risks of physical harm, which manifests in an accident-free workplace where equipment is calibrated and correctly set up to align with safety standards. Example:A mining company implements rigorous safety checks and...
That being said, organizations need to establish goals and define metrics to understand if and how they are improving. These metrics include key performance indicators (KPIs), such as sales increases, health and safety performance and workforce retention rates. ...
It’s the job of HR to train us on safety as we don’t have direct control. Achieving high numbers for safety KPIs is more important than actual safety improvement. I’m exaggerating, but that’s how most KPIs are cascaded. The same cascading doneby the goalof “safety awareness” looks...