Non-material motivation also plays an important role. This includes:
activities at conferences;
participation in various professional communities;
foreign business trips and internships.
All these activities are essential factors that motivate employees to perform their job responsibilities efficiently.
Motivation for a top manager
A correctly selected ios database combination of financial and non-material mechanisms for motivating top management is the basis for the most complete and prompt performance of their work in the interests of the company and the development of a methodology for interaction with the business owner. The given incentive scheme is equally important for both the invited top manager and the owner of the organization. Drawing up an individual incentive plan for each top manager plays an important role in the stability of the business. Thus, mutual trust, psychological comfort and common intentions are the basis for effective and fruitful cooperation between an external top manager and the owner of the organization.
KPI for assessing the work of a top manager
It is impossible to develop universal indicators for all types of activities. Depending on the goals and objectives of the company, different KPIs can be used. Each organization has its own metrics.
For the CEO, the indicators are directly dependent on external processes. When assessing the effectiveness of his work, the company's performance is considered. The KPIs of the CEO or Managing Director include:
Increase in profit indicators.
Growth of the organization's capitalization, which consists of determining the value of an object calculated on the basis of current market prices. This indicator plays an important role if there are plans to sell the business.
Increasing the company's market share.
Increase in the number of attracted investors.
Increasing the productivity of the company's employees.
The work of the operations director is tied to the internal processes of the organization. His responsibilities include setting tasks, monitoring the implementation of strategies, monitoring the work of personnel, establishing contacts with partners and contractors. His KPI consists of the following indicators:
Capacity utilization rate, which shows the percentage of current capacity relative to maximum capacity.
Average time it takes to complete a customer order from the moment the request is submitted to the delivery of the product.
The profit margin is calculated by dividing the company's income after taxes and other obligations by its actual revenue. The resulting figure is multiplied by 100%. Ideally, the profit margin should be 20–40%. The COO's salary should not be tied solely to the profit growth rate, as this may also increase expenses.
The duration of bringing a product to market from the formation of an idea to the final launch.