Setting effective KPIs requires careful consideration. Here are some guidelines:
Specific: KPIs should be clear and specific to avoid any ambiguity. Measurable: There should be a way to measure progress against the KPI. Achievable: KPIs should be realistic and attainable within the resources available. Relevant: KPIs should be aligned with the broader objectives of the business strategy. Time-Bound: KPIs should have a clear timeline or deadline.