Using Scoreboards to Achieve Business Goals

Achieving business goals relies on a superb team that delivers results. Employees who know the targets they need to meet and how to get there are the key to success. Every workday becomes a shared mission to succeed. 

That’s where using employee scoreboards can come in. They’re more than just a tracking device. They offer precise, real-time data and statistics on achievements and results. 

Our guide will show you exactly how implementing an Edge scoreboard can help you align with and achieve your business goals and improve staff retention. 

How a Scoreboard Aligns with Business Goals

A scoreboard can deliver much more than raw data when used to track and monitor employees' progress. They open a window to your business goals so you can take clear, decisive action to get the best outcomes. Here’s how: 

• Check and review progress: It becomes easier for business leaders to see, at a glance, how well different projects are progressing and whether or not employees are meeting their goals. 
• Find areas for improvement: When progress is regularly monitored via a scoreboard, it can also help identify areas where a project or goal can be improved. 
• Useful comparison tool: Scoreboards can be leveraged to compare how a business performs against its nearest rivals. 
• Great motivational tool: They’re an excellent way to keep employees engaged and motivated on specific projects. 

How to Improve Employee Productivity and Staff Retention with a Scoreboard

A 2024 report on staff retention by Gallup showed that 45% of employees in the USA were less likely to leave a job if they were well recognized and rewarded for their efforts. It also said that “future departures [are] further reduced when looking at employees currently receiving high-quality praise that fulfills at least four pillars of strategic recognition.” 

When employees are praised and rewarded for their work, it increases their productivity levels and allows them to feel more valued. This means they’ll want to contribute to their career growth and the ongoing goals of the business. 

How do scoreboards fit into this ethos? In essence, they provide a framework for you to provide the rewards and recognition your employees need. 

• Real-time data: A clear scoreboard provides real-time results and data. Everyone can see their performance throughout a project. This turns it into a team experience that means good results can be celebrated together and challenges can be worked on as a group. This helps to develop a greater sense of trust between team members.
• Maintaining focus: Data and results are available at the press of a key, and they can instantly highlight what’s important clearly and concisely. It helps everyone involved in a project focus on their respective tasks and avoids wasting time on extraneous tasks.
• Rewards: Scoreboards allow you to provide custom intrinsic and extrinsic rewards to high-performing staff. This shows everyone the value of hard work, increasing workplace productivity. 

A Powerful Scoreboard Conveys Information Quickly

An employee scoreboard can be an essential visual tool that aids your business goals. Indeed, PWC notes the positive effects that these kinds of visuals have on employees' ability to understand and respond to information. 

Visuals can show data, statistics, and other vital information in a clean, clear manner. They convey meaning quickly. When data is presented in a format like this, it enables business leaders to make decisions based on the insights they see on employee performance. 

How else can these visuals align with your business goals? 

• Instant responses: You can make instant, informed responses to changing situations and use the data you have to respond to changing markets and new emerging opportunities.
• Improved accountability: Scoreboard visuals indicate how employees’ performances are tracked alongside an overarching goal or project. In doing this, they foster a greater sense of accountability among team members. When employees see their performance, they’ll stay motivated and focused and take accountability to rectify situations when needed. 
• Highlighting trends and patterns: A well-optimized scoreboard can highlight trends and patterns, and when data is analyzed, leaders can assess opportunities for change and growth. 

Edge’s Scoreboards Provide the Perfect Metrics to Improve Workplace Culture

When it comes to creating a winning scoreboard, it’s about more than simply choosing a few metrics. With Edge’s range of sales contests and scoreboards, every business can meet its unique goals and gain essential insights into how to improve. 

Our customized tools mean you can choose your own parameters for your projects and select personalized employee rewards in various industries. Automating the process is also simple, as we offer over 75 point-of-sale systems.

Set employee rewards that make your team feel valued. You can choose anything from offering gift cards and staff discounts to extra paid time off for delivering outstanding results. 

Here are a few key tips to get started:

• Set achievable targets: Make sure everyone on the team knows their individual and team goals. Ensure it’s something you can specifically measure. 
• Select your metrics: Choose metrics that focus on your goals and keep everyone focused. 
• Make your scoreboard visible: Once it’s live, it needs to be visible and viewable by everyone on the team, so put it in a shared online space. 
• Create reports and offer feedback: As data becomes available, offering instant feedback and praise is easy. 
• Check-in daily: Stay updated with your team and always talk to them about their performance. Love your wins, learn from your losses, and take time to adjust your plans when it’s needed to calibrate everyone.
• Give employee rewards: When team members achieve their targets, they can receive the rewards instantly. 

Make reaching your business goals a cinch with our range of employee contests and scoreboards. Try a demo today.