KPIS for productivity enhancement

Monday, 16 June 2014 00:00 -     - {{hitsCtrl.values.hits}}

The second in the series of the ‘Way-Forward’ Management Development Workshop was successfully concluded on 5 June at Renuka Hotel with about 50 senior managers and executives attending the event. The workshop titled KIPS for productivity enhancement was presented by Human Resource Management Institute (HRMI) Director Gihan Talgodapitiya, organised by the Management Club in association with DFT. Many participants commenting on the workshop stated that a complicated subject was presented in an interesting and easily understood manner by the resource person. The entire program was based on many relevant examples taken from leading local and international companies. Participants highly commended the clarity and effectiveness of the presentation and the organisational efficiency of The Management Club and Human Resource Management Institute, the joint presenters of the program. Talgodapitiya in his delivery focused on the critical importance of developing Key Performance Indicators as a prerequisite for productivity improvement at all levels and stressed on the necessity to use SMART indicators in measuring improvement efforts.  He quoted many examples from world-class companies where use of KPIs has brought about sustainable growth in productivity. Talgodapitiya made a clear distinction between Key Result Areas (KRAs) and Key   Performance Indicators (KPIs) and how these ought to be linked to productivity development efforts. He stressed that ‘productivity enhancement’ is a primary responsibility in everybody’s job and KPs are necessary at all levels in an organisation.  He also elaborated on the connection between Strategy – KPIs – Innovation’. The Management Club President Emeritus Fayaz Saleem and The Management Club Board of Management President Deepal Abeysekera also addressed the participants.