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Weighing individual KPIs by importance in a performance review process is significant because it allows for a more accurate and fair assessment of an employee's performance. Not all KPIs carry the same weight in terms of their impact on the overall business objectives. Some KPIs may be more critical to the success of the business than others. By assigning different weights to different KPIs, you can ensure that the performance review process accurately reflects the employee's contribution to the most important aspects of the business.
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The team performance scorecard can be replicated for each department. It shows the target goals in relation to the actual results, with ratings that show whether the results are off target or not. It's a great way to see what areas need to be singled out for improvement. Individual KPIs can be weighed by importance, since some KPIs are valued more than others. (Slide 24)
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