Indicators and Their Measurement

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Introduction

GRI Model detailed variables.png

This article specifies the codes, indicators, and value attributions for the general framework’s variables. Nine are independent, four are antecedent, and three are dependent. The 16 variables are presented in the order below in the three categories.

The framework, its construction, and variables are presented in separate articles[1]. Indicators are used to test hypotheses drawn from the framework against specific techniques, users, and companies as they deploy, in accordance with a publisher's model and a consultant's facilitation. The anticipated conclusions of testing hypotheses are also based on the indicators and their measurement. The hypotheses and anticipated conclusions are discussed separately[2].

Independent Variables

The nine independent variables are shown in the middle of the framework in blue (See the illustration on the right). As explained during the hypothesis formulation, when building the framework, practical (light blue) and theoretical (dark blue) variables are analyzed distinctly. The three theoretical uses are more abstract and are present transversally in the six practical ones.

(O-) Organizational Development

Applications of assessment techniques in organizational development, such as defining job expectations and the organization at a strategic level, as well as in mergers and acquisitions, are associated with the concept of 'Use in organizational development'. The more varied and intense the use at the organizational level, the more it is associated with positive effects on performance.

Seven indicators are used to measure the 'Use in organisational development’ variable, each with an ordinal scale of four values: very low, low, strong, and very strong. They combine to form an overall indicator called 'isuorga.'

If any single indicator is very strong, it is enough to determine that 'isuorga' is very strong. If no factor is very strong and at least one factor is strong, then 'isuorga' is strong. If no indicator is very strong or strong and at least one indicator is low, then 'isuorga' is low. In other cases, we will say that 'isuorga' is very low.

Code Indicator
O-CHAN Manage organizational changes proactively.
O-FUSI Acquisition, takeover, or merger of companies or project teams.
O-ORGA Organization or reorganization of the company or a team.
O-POST Refined definition of positions, including social behaviors (PBI).
O-PROJ Construction and organization of a project team.
O-SCIS Systematic use on teams, divisions, or the whole organization.
O-OTHR Other uses in organizational development

(L-) Leadership

The use in situations of leading and managing people is associated with the concept of 'use in leadership and management'. The more varied and intense the uses of leadership and management are, the more they are associated with positive effects on performance.

16 indicators measure the 'use in leadership and management' variable. Each indicator is assessed on an ordinal scale of four values: very low, low, strong, and very strong. These indicators form an overall ‘management and leadership’ indicator called 'isulead'.

If at least two indicators are very strong, we can say that the 'isulead' indicator is very strong. This indicates that the assessment technique is used in at least two of the listed applications. If no indicator is very strong and at least two factor are strong, then 'isulead' is strong. If no indicator is very strong or strong and at least two indicators are low, then 'isulead' is low. In other cases, we will say that 'isulead' is very low.

Code Indicator
L-ADAP Use the assessment technique to adapt to other people's styles.
L-ANIM Gets involved in team dynamics
L-AUTO Use the assessment technique autonomously
L-CONF Use the assessment technique to manage conflicts and other organizational challenges, including low productivity, absenteeism,
negative behavior, individual and collective conflicts, strikes, etc.
L-ENTR Use the assessment technique during end-of-year interviews, intermediate points, and other interviews, excluding recruitment interviews.
L-DEVE Use the assessment technique for employee development.
L-FEED Feedback sessions are provided to team members
L-FIDE Use the assessment technique to develop employees' loyalty and trust
L-HUMA Attention is paid to people and social aspects, rather than remaining distant and focusing only on technical aspects.
L-INCO Use the assessment technique to onboard new team members
L-INTE Use the assessment technique to communicate and interact with others
L-MANA Use the assessment technique in leadership and management in general, on a daily basis.
L-MOTI Use the assessment technique to motivate, engage employees.
L-OBJC Use the assessment technique to set objectives
L-PRES Use the assessment technique to manage individual stress
L-OTHR Other uses in leadership and management

(G-) Coaching

The use of the assessment technique in coaching is associated with the concept of 'use in coaching'. The more varied and intense the uses in coaching are, the more they are associated with positive effects on performance.

Five indicators measure the 'use in coaching’ variable. Each indicator is assessed on an ordinal scale of four values: very low, low, strong, and very strong. These indicators form an overall ‘coaching’ indicator called 'isucoch'.

If at least one indicator is very strong, we can say that the 'isucoch' indicator is very strong. If no indicator is very strong and at least one indicator is strong, then 'isucoch' is strong. If no indicator is very strong or strong and at least one factor is low, then 'isucoch' is low. In other cases, we will say that 'isucoch' is very low.

Code Indicator
G-SOLV Helps prescribe a plan and solve issues
G-FEED Provide feedback to the person
G-ASSI Assist with managerial and other team-related aspects
G-ENBL Enable the coachee to express themselves and ask new questions

(S-) Recruitment

The use of the assessment technique in recruitment is associated with the variable 'use in recruitment', which includes uses in selection, promotion, interviewing, onboarding, management of high potentials, and career planning. The more varied and intense the uses in recruitment are, the more they are associated with positive effects on performance.

Seven indicators measure the 'use in recruitment' variable. Each indicator is assessed on an ordinal scale of four values: very low, low, strong, and very strong. These indicators form an overall ‘recruitment’ indicator called 'isurecr'.

If at least one indicator is very strong, we can say that the 'isurecr' indicator is very strong. If no indicator is very strong and at least one indicator is strong, then 'isurecr' is strong. If no indicator is very strong or strong and at least one factor is low, then 'isurecr' is low. In other cases, we will say that 'isurecr' is very low.

Code Indicator
S-RECR Analysis of people during internal or external recruitment, with or without the assistance of an external consultant, a recruitment
or search firm
S-ENTR Recruitment interview
S-HYPO Management of high potentials
S-PLAN Succession planning
S-PROM Promotion and reclassification of employees
S-REFE Validation of referencing by a third party during recruitment
S-OTHR Other uses in selection and recruitment

(N-) Clinical

The use of the assessment technique in clinical settings is associated with the concept of 'use in clinical settings', which includes use in therapy, mental health treatment, and improving well-being. The more varied and intense the uses in clinical settings are, the more they are associated with positive effects on performance.

Four indicators measure the 'use in clinical settings’ variable. Each indicator is assessed on an ordinal scale of four values: very low, low, strong, and very strong. These indicators form an overall ‘clinical’ indicator called 'isuclin'.

If at least one indicator is very strong, we can say that the 'isuclin' indicator is very strong. If no indicator is very strong and at least one indicator is strong, then 'isuclin' is strong. If no indicator is very strong or strong and at least one indicator is low, then 'isuclin' is low. In other cases, we will say that 'isuclin' is very low.

Code Indicator
N-CONN Establish a connection with the patient, get to know them
N-SOLV Helps prescribe a plan and solve issues
N-FEED Provide feedback to the patient
N-OTHR Other uses in therapy and clinical applications

(D-) Medium Effect

The use of the assessment technique for its medium effects is associated with the concept of 'carries a medium effect', which helps to entertain and build relationships. The more varied and intense the uses of medium effects are, the more they are associated with positive effects on performance.

Four indicators measure the 'carries a medium effect’ variable. Each indicator is assessed on an ordinal scale of four values: very low, low, strong, and very strong. These indicators form an overall ‘medium effect’ indicator called 'isumedi'.

If at least one indicator is very strong, we can say that the 'isumedi' indicator is very strong. If no indicator is very strong and at least one indicator is strong, then 'isumedi' is strong. If no indicator is very strong or strong and at least one indicator is low, then 'isumedi' is low. In other cases, we will say that 'isumedi' is very low.

Code Indicator
D-CONN Establish a connection with the person, get to know them
D-SOLV Helps establish a plan and solve issues
D-FEED Provide feedback to the person
D-ANIM Group presentation at a company's gathering

(A-) Self and Social Awareness

The use of the assessment technique in self- and social-awareness is associated with the variable 'used in self- and social-awareness, which includes fostering personal growth, helping people identify their strengths, communication style, decision-making, and of others. The more varied and intense the uses in self- and social-awareness are, the more the six other practical uses are as well, and the more they are associated with positive effects on performance.

Three indicators measure the 'improves self and social awareness' variable. Each indicator is assessed on an ordinal scale of four values: very low, low, strong, and very strong. These indicators form an overall ‘improves self and social awareness'’ indicator called 'isucosa'.

If at least one indicator is very strong, we can say that the 'isucosa' indicator is very strong. If no indicator is very strong and at least one indicator is strong, then 'isucosa' is strong. If no indicator is very strong or strong and at least one indicator is low, then 'isumedi' is low. In other cases, we will say that 'isucosa' is very low.

Code Indicator
A-PERS Understanding better oneself, of one's style and limits (self-awareness), of the organization of one's time, of one's efficiency, of one's role, etc.
A-COLA Understanding of team members, their style, strengths, limits, challenges, and talents.
A-AUTR Understanding of other people in the organization in general, other than team members and direct reports: superiors, employees at the same hierarchical level, employees below level n-1, family, etc., of their style, strengths, limits, challenges, and talents.

(F-) Learning

The learning includes initial training in the assessment technique, ongoing training in the field after initial training, and refreshers following the initial training. The 'quasi-autonomous learning process' is all the stronger as the initial training is followed by on-the-job learning, refresher sessions, and contact with the consultant. The stronger the learning process and the more adequate the learning content is, the more they are followed by strong uses in the six practical applications in organization, leadership, coaching, recruitment, clinical and medium effects.

Four indicators measure the value of the 'learning being nuanced and deep, and continuing over time’ variable. Each indicator is assessed on an ordinal scale of four values: very low, low, strong, and very strong. These indicators form an overall ‘improves self and social awareness’ indicator called 'isulear'.

If at least one indicator is very strong, we can say that the 'isulear' indicator is very strong. If no indicator is very strong and at least one indicator is strong, then 'isulear' is strong. If no indicator is very strong or strong and at least one indicator is low, then 'isulear' is low. In other cases, we will say that 'isulear' is very low.

Code Indicator
F-SEMI Participation in the initial training or masterclass.
F-TERR Continued learning after training on the job and using the training resources.
F-RAFR Deepening learning through participation in refresher courses.
F-OTHR General use of the assessment technique in learning.

(C-) Language and Signs

Language and signs include the linguistic and symbolic aspects associated with the assessment technique. The more the language and symbols resulting from the technique can convey meaning across the six practical and three theoretical uses, the more users can benefit from them and, subsequently, their organization.

Nine indicators make it possible to monitor the value of the 'results as a sign, and the language associated with it, facilitates their practical use’ variable. Each indicator is assessed on an ordinal scale of four values: very low, low, strong, and very strong. These indicators form an overall indicator called 'isulasi'.

If at least two indicators are very strong, we can say that the 'isulasi' indicator is very strong. If no indicator is very strong and at least two indicators are strong, then 'isulasi' is strong. If no indicator is very strong or strong and at least two indicators are low, then 'isulasi' is low. In other cases, we will say that 'isulasi' is very low.

Code Indicator
C-FACT Use of the factors: 1, 2, 3, 4, factor interactions, adaptation, engagement level, and response level, or equivalent concepts when available.
C-INFE Explicit statement of inferences from social behavior measures about individual or social skills, other qualities, or needs.
C-MORA Reference to engagement or fit between the Natural and PBI; reference to the stability of the Natural, or equivalent concepts when available.
C-PROF Verbal use of reference groups and profiles, and profiles such as the PBI and TBI, or equivalent concepts when available.
C-RANG Organized to quickly access resources, individual profiles or other results and resources from the assessment technique.
C-SCSS Explicit reference to the Natural, Role, and Effective profiles, or equivalent concepts when available.
C-VISU Visual use of the adaptive profiles or other visual representations when available.
C-OTHR Use in communication in general
C-REAN Reference to any other language or symbolic aspects of the assessment.

Antecedent Variables

Antecedent Variables.png

There are four antecedent variables, which are displayed in yellow in the framework. Testing the framework with different techniques, users, environments, publishers, and consultants requires adjusting the values of the four antecedent variables and their indicators.

(T-) Assessment Technique

The analysis of assessment techniques highlights important qualities beyond those measured solely by psychometrics, which influence their use across different users and settings. Psychometric statistics, such as reliability and validity, are essential for understanding key aspects of assessment techniques. However, other aspects are also crucial for establishing their utility, predictive validity, and potential to improve individual and organizational performance.

The internal qualities of the measures, such as the intensity of the behaviors being measured or the scales used, determine what can be done with them. How the results are presented, whether as reports or diagrams, influences not only how they are learned and used but also how they participate in thought processes, how comparisons between people and job expectations can be made, and how new meaning and use continue to develop from those results. New meanings and uses apply to all six practical uses and the three other theoretical ones evidenced.

The assessment technique’s indicators were regrouped in four categories: (1) Upfront characteristics, (2) Intrinsic qualities, (3) Assessment Results, (4) Theory and Manual. The number of indicator for each sub-variable are indicated below:

Code 6b Sub-variable Nbr of Indicators
isaupfr Upfront Characteristics 6
isaintr Intrinsic Qualities 10
isaresu Assessment Results 4
isatheo Theory and Manual 5

The four sub-variables are measured on an ordinal scale or in categories. When measured ordinally, the indicators take a low, intermediate, or high value. The four indicators 'isaupfr', 'isaintr', ‘isaresu’, and 'isatheo' form a general indicator 'isatech'.

'isatech' is high if the T-GVAL, T-LISI, and T-MODL indicators are all high and at least 50% of the other indicators of 'isaupfr', ‘insaintr,’ 'isaresu,' and 'isatheo'; ie, at least three indicators of 'isaupfr', five of 'isaintr', two of 'isaresu' and two of 'isatheo' must be high. 'isatech' has an 'intermediate' value if 50% of the indicators are in intermediate or high value for each of the four sub-variables. Below, ‘ isatech’ is low.

Subvariable of 'isaupfr', assessing method

Code 6b Indicator Low Intermediate High
T-NATR Nature of the Concepts Loosely defined and measured In between Explicitly defined and assessed objectively
T-INTR Means No tool is being used Use a paper survey, which will eventually be uploaded for scoring. Use the internet on a laptop or a mobile device
T-FACI Immediacy Difficult Average Easy
T-NAQU Number of items Many questions asked > 40 Average number of questions asked: < 39 and > 11. Few questions asked < 10
T-TMPS Time Length > 45 min Average. Between 10 and 45 mins Fast. < 10 min on average
T-PROJ Forced or Free Forced scenarios Mixed free/forced Free scenarios

Subvariable of 'isaintr', Intrinsic Qualities

Code 6b Indicator Low Intermediate High
T-NMBR Number of Facets One dimension Three dimensions More than four dimensions
T-PARC Parsimony Many > to 30 facets Between 7 and 30 facets Limited < 7 facets
T-STAB Stability No evidence of the measure's stability Stability of the measures is mentioned but unverified The measure has shown some stability over more than 3 years
T-INTN Scale, Intensity Nominal scales. No intensity Ordinal scales. Indirect understanding of intensity Continuous scales (ratio or interval), intensity
T-ORTH Orthogonality Large overlap between the measured dimensions The dimensions look distinct but still overlap Minimum overlap between the dimensions being measured
T-ADAP Adaptation Not measured Inferred but not measured Measured with intensity
T-VALI Formal Statistics No Statistics available A few statistics are available, but they are not relevant in the end Meaningful Statistics available
T-RELA Work relatedness Dimensions are not related to work. The measured dimensions include both work and non-work-related dimensions. All dimensions are work-related.
T-DISC Non-descrimination Discrimination against people No precise measure of non-discrimination Proven non-discrimination measures
T-LANG Language One language Less than a dozen languages More than a dozen test languages

Subvariable of 'isaresu', Assessment Results

Code 6b Indicator Low Intermediate High
T-LISI Conciseness Lengthy Intermediate Concise
T-GVAL General Validity Invalid Neutral validity Valid
T-GENU General Utility Low utility with few applications and users Intermediate general utility High utility with many applications and users.
T-ATCH Attachment No emotional attachment to the technique's history or its people Intermediate emotional attachment Strong emotional attachment to the technique's history and people

Subvariable of 'isatheo', Theory and Manual

Code 6b Indicator Low Intermediate High
T-MODL A priori Theory Vague Moderately expressed Clearly expressed
T-ROUT Assessment's Theory No rules available Diffuse rules available Availability of clear rules
T-MANU Publications No manual available Some information is available on paper or the Internet Full reference manual available in electronic or print format
T-AGES Age and Context Old > 50 years Medium - 20 years Recent < 3 years
T-JOUR Updates No update Occasional updates Frequent updates

(U-) User

This ‘User’ variable measures the user’s characteristics that favor or refrain from the use of the assessment technique, as identified during the process analysis phase.

14 indicators measure the antecedent variable, each with an ordinal scale of three values: low, intermediate, and high. They form a user indicator called 'isauser'.

The intensity of 'isauser' depends on the values of the indicators that compose it. It takes at least 50% of the indicators to be high, to say that 'isauser' is high; that is, 7 indicators. Same for the intermediate value: at least 50% of the indicators need to have an intermediate value. Below, the intensity of 'isauser' is low.

Code Indicator Low Intermediate High
U-ATST Attitude towards answering an assessment Resistant Skeptical Positive
U-APRS Attitude toward social behavior Resistant Skeptical Positive
U-ATEP Attitude toward the assessment technique Confrontational Doubtful Open
U-ACNS Attitude towards the facilitator Distant Skeptical Open
U-HUMA Interest in people and social aspects Low Moderate High
U-ROVF Operational vs functional role Functional Mixed functional/operational Operational
U-EXPE Leadership and management experience <10 years or >30 years N/A More than 20 years
U-PRPE Adaptive profile of the decision maker "Controlling" "Altruistic" “Dominant”
U-TEST Experience with other assessment techniques Other assessments used Some contacts with assessments No experience
U-MAIT Problems encountered in previous situations Little difficult Moderately difficult Very difficult
U-DIRE Directly concerned or not by the effects Not concerned directly Moderately concerned Directly concerned
U-CONF Confidence in using the personality assessment Not confident Moderately confident Very confident
U-RECU Recommendation provided for using the assessment No recommendation provided Positive recommendation provided when requested Spontaneous recommendation provided
U-PRVH Experience in HR, OD or Coaching < 5 years From 6 to 15 years More than 15 years

(E-) Environment

Organizations may favor implementing a new assessment technique before it is used, or along the way, as when it is used in one department and later in others. The social and political context, and how some techniques are influential at the industry or national level, will also partially determine their use. The 'Environment' variable regroups the characteristics identified during the process analysis under the headings 'organization’ and ‘environment', as their effects on using the assessment technique are similar.

20 indicators are used to measure the 'Environment' variable, each with an ordinal measurement on three values: low, intermediate, and high. They form an environment indicator called 'isaenvi'.

The intensity of 'isaenvi' depends on the indicators that compose it. At least 50% of the indicators must be high to say that 'isaenvi' is high. Same for the average value, which requires at least 50% of the indicators to be intermediate. Below, the intensity of 'isaenvi' is low.

Code Indicator Low Intermediate High
E-TAIL Size of the company Large: > 1000p and international bands Medium: from 50 to 300p Small: < 1000p
E-MATU Organizational maturity Start-up Rapid organizational growth Organisation mature
E-SECT Industry sector Administration Industry Service
E-CULT Cultural embeddedness Inexistence of the assessment in any situation Episodic appearance of the assessment in a few situations Assessment is part of the culture
E-POLI Politicization of people's aspects Very politicized Moderately politicized Weakly politicized
E-TEST Prior use of techniques Several techniques have been developed in different departments for different applications Another technique is used in the organization for some applications No other technique is used
E-PRES Prior use of personality assessment None By another service Across the organization
E-SRHU Existence of a human resources department No human resources department Assistance in recruitment and provision of external advice Human resources services are developed in various aspects
E-RHUM Role of human resources (when applicable) Admin role Recruitment assistance Involvement of the human resources department at the strategic level
E-FRUS Interest in speaking the assessment language Low Moderate High
E-RAPC Relationship between the organization and outside consultant or facilitator Non-existent Episodic Frequent
E-INTE Global organization None Existence of at least one subsidiary abroad Global organization established on all continents
E-CMPT Environmental Competitiveness Low competitive environment Moderately competitive environment Very competitive environment
E-DEVN Long-term use of the assessment technique in the industry or country Weakly developed at a national level In progress. It's building Assessment culture is firmly established at a national level
E-SYST Adequacy of selection and promotion policies Frequent calls to search and recruitment firms or external advice Infrequent calls to outside firms Strong autonomy for selection and occasional calls to outside firms
E-ADPI Adequacy of remuneration and incentive systems One-size-fits-all systems that ignore personality issues Intermediate Individual systems
E-ORGA Adequacy of the organizational structure Organizational processes that do not take assessment into account Moderate consideration of personality issues in the processes Strong consideration of the assessment in the processes
E-NIVP Level of definition of positions with the personality assessment Employees Team lead and management level Executive level
E-SYST Systematization of the use of the assessment Eventually, to confirm impressions Frequent, and after the first interviews Systematic, and before the first interview
E-NIVF Individual with practical learning, knowledge, and experience in the assessment technique Human resources Management and HR

Executives, Management, and HR

(B-) Publisher and Consultant

This variable includes indicators on how the assessment technique is implemented within the organization by the publisher, facilitator, or consultant. Two important aspects are considered: the level of autonomy provided by the 'publisher and consultant' and the skills offered. A deployment that allows significant autonomy and continues skill development through real-world cases encourages the use of the six practical and three theoretical application categories. Additionally, the consultant’s professional experience and the training they provide to users are essential factors that influence the technique's use.

Nine indicators measure the variable 'Publisher and Consultant', each with an ordinal scale of three values: low, intermediate, and high. They form a global indicator 'isapuco'.

The intensity of 'isapuco' depends on the intensity of the indicators that compose it. 'isapuco' is high if the 'B-TEDI' indicator is high and 50% of the other indicators are high; therefore at least four other indicators must be high in addition to 'B-TEDI'. 'isapuco' will have an intermediate value if 50% of the indicators have an intermediate value. Below, the intensity of 'isapuco' is low.

Code Indicator Low Intermediate High
B-INTE Consultant's involvement Service Hybrid Facilitation
B-EXDE Consultant's expertise Low Moderate High
B-BASE Availability of manuals Unavailable Not easily accessible Easily accessible
B-EXPE Accessibility of support Inaccessible Not easily accessible Easily accessible
B-BUIS Extent of assessment distribution Confidential distribution National distribution Global distribution
B-TEDI Assessment processing Outsourced Hybrid Autonomous
B-TRAV Training availability No training   Unsystemtic Training available
B-PLAV Platform availability No platform Limited features available Extended features available

Dependent Variables

Dependent Variables.png

The framework's dependent variables are represented in green as in the illustration on the right.

(P-) Strategic performance

Strategic performance includes the realization of behaviors on the job as they are expected within the organization in the medium- and long-term. The indicator 'iopstra' is created by comparing people’s Effective profile with the one expected in their position profiles (PBI), which are determined at a strategic level by the company's management.

Summing the individual indicators allows defining the indicator at the team or organization level. 'iopstra' takes a discrete value between 0 and 1.

  • 'iopstra' = 0: The individuals’ Effective profiles are the opposite of the social profiles expected in the teams and positions (from TBI and PBI).
  • 'iopstra' = 1: The individuals’ Effective profiles are perfectly aligned with the social behaviors expected in the teams and positions (From TBI and PBI).

(Q-) Social performance

Social performance reflects aspects of engagement and being in flow at work, and thus the ability to deliver maximum performance and engagement. Social performance is observed by the objective indicator 'iopsoc' and two subjective indicators. The first objective indicator 'iopsoc' measures the fit between the Natural and Role profiles from the adaptive profiles. The closer the Natural and Role are, the more in flow the person is. The more distant the Natural and the Role are, the more likely disengagement and negative emotions are. The objective indicator ‘iopsoc’is obtained by combining the adaptation profiles’ adaptation and engagement values. 'iopsoc' takes a discrete value between 0 and 1.

  • 'iopsoc' = 1: Satisfaction and engagement.
  • 'iopsoc' = 0: Discomfort, dissatisfaction, and disengagement.

Social performance is also tracked by two indicators: Q-SAUT and Q-SELF. They are measured on an ordinal scale with four values: very strong, strong, low, and very low.

Code Indicator
Q-SELF Expression by respondents of their own satisfaction.

The 'iopsoc', Q-SAUT, and Q-SELF indicators form an overall social performance indicator 'igpsoc'. When the three indicators move in the same direction over time, the 'igpsoc' indicator moves in the same direction. Otherwise, the value of 'igpsoc' is indeterminate.

(R-) Economic Performance

Economic performance includes aspects that can be quantified and most often relate to financial or production objectives.

The economic performance indicators can include turnover, market penetration rate, return on investment, customer satisfaction survey results, absenteeism rate, etc. The indicators depend on each organization, agreed upon within the management team and, if applicable, with the board, shareholders, employees, or analysts.

The objective economic performance indicators are grouped under the indicator 'iopecon'.

Economic performance is also tracked using a subjective indicator, R-ECON. The indicator is measured on an ordinal scale with four values: very strong, strong, low, and very low.

Code Indicator
R-ECON Respondents' appreciation of their organization's financial and production performance.

The 'iopecon' and M-ECON indicators form an overall economic performance indicator: 'igpecon'. When the two indicators move in the same direction over time, 'igpecon' does too. On the other hand, when the two indicators move in opposite directions to each other over time, 'igpecon' remains indeterminate.

Notes