FOOD FOR THOUGHT

A KPI (key performance indicator) dashboard displays information critical to the success of your business on a single screen. It’s an easy, coherent way for staff and stakeholders to access the key information required for day-to-day decision-making.

Most business owners and managers know that their KPI (key performance indicator) reporting could be better.

Effective KPI reporting is built on transparency, accountability, and comprehensive communication. It can help businesses to reduce costs, identify new opportunities, and make better decisions. It provides an opportunity for staff at all levels of a business to reflect on their performance and, if required, take actions that improve the overall performance of the business.

Aiming for the right key performance indicator (KPI) targets ensures that your business is on a trajectory for improved performance.

Family. Gifts. Carols, baubles, tinsel on the tree. When it comes to Christmas time, these are the things that most Kiwis are going to be thinking about—but there’s one more thing that business owners need to keep in mind over the Season of Giving: how much they should be giving to their employees in pay over the holidays.

A massive overhaul and rewrite to trust law in New Zealand is currently underway—and your trust may be affected.

If you use a company vehicle as a benefit for your employees, you need to make sure you’re keeping the IRD happy over the holidays.

‘Tis the season of giving! But if you’re planning to give your clients and/or employees a present this year, you should temper your generosity of spirit with the correct tax treatment of gifts for employees. After all, you wouldn’t want the IRD to put you on its naughty list… 

Selecting the right KPIs for your business is an important part of achieving your strategic goals. However, with the masses of data available to businesses in the digital age, it can be difficult to know which KPIs will deliver the most value.

Scaling a business is no easy task. However, under the guidance of Bellingham Wallace, Chester Consultants is well on its way to becoming a global success.