KPI Bank
The KPI Bank is a centralized repository of predefined Key Performance Indicators (KPIs) used in the Performance Management module. It helps standardize performance evaluation by allowing the HR/Admin team to maintain and reuse common KPIs across different departments, roles, or individual appraisal forms.
Key Features:
- Centralized KPI Storage: All approved KPIs are stored in one place.
- Categorization: KPIs can be grouped by department, function, or strategic pillar.
- Weightage Assignment: Each KPI can be assigned a default weight for performance calculations.
- Reusability: KPIs from the bank can be pulled into appraisal forms.
- Status Tracking: KPIs can be marked as active/inactive to control visibility.
- KPI Type: Supports qualitative and quantitative KPIs.
Structure & Fields
| Field Name | Description |
|---|---|
| KPI Title | Name of the KPI |
| Description | Detailed description of the KPI |
| Category | Strategic Pillar / Department / Functional Area |
| Target Value | Goal or threshold value expected for this KPI |
| Measurement Unit | How the KPI will be measured (e.g., %, count, time) |
| Weight (%) | Importance of this KPI in the overall performance score |
| KPI Type | Quantitative / Qualitative |
| Frequency | Monthly / Quarterly / Annually |
| Status | Active or Inactive |
Usage Workflow:
Create KPIs:
- Fill in the required fields
- Save to make it available for use
KPI Selection in Appraisal Forms:
- While creating employee appraisal forms, users can fetch KPIs from the bank
- Selected KPIs retain their structure but allow for custom target values per employee
KPI Review & Update:
- Admins can review and update KPI descriptions or weightages from time to time
- Any KPI update is version controlled (if enabled)
Control Access:
- Only authorized HR/Admin roles can create or update KPIs