4 simple ways to measure the effectiveness of your team
Tracking your team member performance is necessary. Besides the most obvious reason for doing it (to know what’s going on at your company), employees will want feedback about their performance to help them improve and grow. But this is easier said than done because you need to measure it the right way or it will be misleading. So, business leaders and team managers know that they must find the best possible way to measure the effectiveness of their teams. These are some of the best and simplest ways of doing it.
- Create Objectives
This method of measuring an employee’s output requires a project manager to assess a team member’s work output and determine how it contributes to the company deliverables and strategy. The project manager must give set goals to each team member that there is a standard by which to be gauged. Meet with your employees one-to-one to discuss their progress or address possible issues. With 6-month or annual evaluations, you should be able to align project goals with individual experience and skills.
- Time Management
With many time management and task scheduling tools that allow tracking task progress, project managers can measure the effectiveness of their team members. These apps reveal how much time an employee has spent accomplishing duties, as well as how much and where did they spend their off time (social media, vacation, illness, etc.). As your team grows, it can become more difficult to track performance, but this technique can indeed be beneficial.
- 360-Degree Feedback
Another way to assess the effectiveness of a particular team member is to ask the other team members. It is called the 360-degree feedback, and it’s a method that uses different employees’ opinions and comments to measure the effectiveness of an individual. You shouldn’t rely solely on this method but always use it in conjunction with another objective process. The best way to handle this technique is to make sure your employees have training and understand what a well-balanced input is before they give any critiques. Once bias is out of the way, this can provide excellent data for measuring the ongoing effectiveness of your team.
- Establishing Trust
When a team member demonstrates reliable and consistent behavior, they are often the ones who show the highest level of effectiveness. Naturally, when a team trusts their project manager, they’re more likely to be comfortable to admit and correct their mistakes immediately. By instilling trust in your employees, it will inevitably lead to higher level of effectiveness on their side. About 50% of CEOs believe lack of confidence within their organizations can be a significant threat to their company growth. Give your best to cultivate company culture based on trust.
The method you use depends on your resources, team, and the type of work they perform. A good project manager knows their team well and understands precisely which technique (or combination of methods) will work best for their project. Measuring your team’s effectiveness means understanding your people and how to boost their productivity, establishing trust, and being open to constructive feedback. When you manage to achieve this, your future projects will start seeing better success.