If you’re still trying to inspire employees to reach their full potential through annual performance reviews and complex compensation packages, it may be time to rethink your strategy.
According to a number of studies, a rising salary is no longer a direct indicator of job satisfaction. Likewise, many companies have ditched annual reviews as they’ve proven to be counterproductive to their goals.
Which factors have proven to contribute to the productivity of employees and overall job satisfaction? Continue reading to learn how the simple step of integrating a dashboard can improve both team performance and the overall growth of your business.
the dashboard effect: The power of a Scoreboard
There are few industries more lucrative and engaging than competitive sports, but have you ever paused to consider why? Why do millions of sports fans across the world invest their hard-earned money to face the heat, eat overpriced nachos, and squeeze into overcrowded stadiums every week?
We do it because we want to witness firsthand those heroic moments when athletes accomplish seemingly impossible feats. We feel inspired as we watch athletes push far beyond their limitations to achieve those historic plays that people talk about for generations. And what drives these athletes to push their bodies to the brink of impossible? For Odell Beckham Jr. -- the wide receiver for the Cleveland Browns who arguably made the most impressive catch in football history -- the answer is simple.
Athletes like Beckham Jr. are able to maintain their singular focus thanks to data. Why data? A scoreboard contains the data that gives meaning to the idea of winning. In other words, you can’t win unless you measure, and data is the key.
all of your data in a single glance
The ability to know in a singular glance how one team ranks against its opponent and how much time is available to reclaim the lead is what keeps athletes driven and fans invested.
The solution to improving employee performance and job satisfaction is to provide your team with a scoreboard that displays its current performance against your most pressing goals in a singular glance.
This solution sounds so simple, yet has proven results time and again across a variety of industries. In business, we can drive performance by modeling the drivers of human nature just as great sports teams do. By consolidating company’s data and sharing scoreboards (dashboards) you can create a team of top athletes who all have an ownership mentality and work together to win. Blue Margin Inc. has empowered hundreds of businesses to increasing growth and profitability by mobilizing their data.
learn more about the dashboard effect
If you’re ready to see how dashboards can create clear, actionable goals for everyone in your business, read the first two chapters of The Dashboard Effect. Give us your comments below, and we’ll send you the entire book in digital or audio format - your choice. Blue Margin Inc. has empowered hundreds of businesses to increase growth and profitability by mobilizing their data.
Rock and Jones, 2015 - link: Why More and More Companies Are Ditching Performance Ratings (hbr.org)
Chamorro-Premuzic, 2013 - link: Does Money Really Affect Motivation? A Review of the Research (hbr.org)
