Analysis of indicators of an efficiency estimation of work of the employee and the business model of the organization

Abstract

In conditions of increasing competition, the problems of efficiency increase of activity of the company are significantly actualized, which directly depends on efficiency of labour activity of every employee and the implemented business model of the organization. On this basis the aim of the research is to analyze existing indicators of performance evaluation of the labour activities of both the employee and the business model of the organization. The theoretical basis of the study consists of principles of the economic theory, the works of native and foreign experts in the field of job evaluation. The information base of the research consists of economic and legal literature dealing with problems of this study, the data published in periodicals, materials of Russian scientific conferences, seminars, and Internet resources. In this article I have used and found the application of scientific methods of data collection, methods of research and methods of assessing their credibility: quantitative, comparative, logical analysis and synthesis. The modern business concern about the accumulation of wealth of shareholders, giving the company stability, growth and efficiency inevitably leads to necessity of creation and development of technologies aimed at improving the productivity of employees. The paper presents a comparative analysis of different approaches to assessing the labour effectiveness. The performance of the work is the ratio of the four essential parameters that determine the measure of efficiency of persons’ activity: the quantity and quality of result of work (a service, material product or technology) in relation to spend time and cost on its production. The use of employees («performance») should be in the following way that they could achieve the planned results in the workplace. The authors have noted that to develop of technologies for the measurement of productivity it is very important to use the procedures and indicators that are integrative in nature, i.e. aimed at the simultaneous control over all parameters for performance. These parameters can be divided into three blocks: performance; professional competence; personal qualities of the employee. Key performance indicators are more often used to assess the performance of employees. Key performance indicators are a measure of the goals. This system makes sense to use when there are specific and measurable goals, deadlines and quality requirements of the result. The effectiveness of any company also depends on the efficiency of its business model. At the present stage the changing business environment requires a proactive adaptation of the business model of any company. The main criteria of the efficiency of the business model of any company are to preserve and increase its value with the positions of the various groups of stakeholders. In modern conditions the process of formation of competitive business model is, in fact, continuous. PDSA method as the basis can be used, assuming the continuity of the transfer to another condition and adjustment of development priorities.