We won’t try to argue that metrics are in any way fun to discuss. However, their importance to the health of a company is undeniable. Get the metrics wrong and a company’s full potential will not be realized. Metrics used by companies both large and small can be improved. TechRepublic Premium presents 10 ways to do just that.

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5: Avoid skewing the data

One simple example of data skewing is reporting costs over a long period of time. Dollars in the year 2024 are not the same as dollars in the year 2014. If you are not compensating for inflation, you are delivering misleading information. Obtaining too small a sample or a non-random sample are other common ways that data can be skewed.

6: Standardize and consolidate

Reduce the amount of information generated by eliminating redundancies and standardizing where possible. Financial reports, like manpower metrics, can usually be centralized and standardized for all departments. There are those unique metrics that can’t be standardized for all departments, but many of these can be standardized across divisions.

Improve your handling of metrics with our seven-page PDF. This is available to download for FREE. Get access to more content with a Premium annual subscription. Use the code 25off-trp to get a 25% discount.

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