{"id":1660,"date":"2021-09-30T01:13:01","date_gmt":"2021-09-30T01:13:01","guid":{"rendered":"http:\/\/3.131.116.215\/ra\/sherpainstitute_stagenew\/?p=1660"},"modified":"2021-09-30T03:00:47","modified_gmt":"2021-09-30T03:00:47","slug":"sdg8-target-indicators-transformed-into-kpis-part-1","status":"publish","type":"post","link":"http:\/\/3.131.116.215\/ra\/sherpainstitute_stagenew\/sdg8-target-indicators-transformed-into-kpis-part-1\/","title":{"rendered":"SDG8 Target Indicators Transformed into KPIs – Part 1"},"content":{"rendered":"

Thank you for showing interest in SDG8. With your help we know we can achieve a difference when it comes to productive employment and decent work for the world\u2019s 7 billion plus people. Join us as we talk about indicator relevance and indicator framework.<\/p>\n

SDG8 includes twelve targets and seventeen indicators. Of note, you may notice eighteen indicators, however; 8.9.2 was removed as a tracking point by the UN, but may still be useful for business. Also noteworthy is 8.10.1 has two sub-indicators. \u00a0The business standard is one measure per indicator so 8.10.1 counts double.\u00a0 SDG8\u2019s indicators cover a wide swath of subjects. These range from inclusion, tourism, and youth to technology and environment.<\/p>\n

The UN crafted these indicators for countries, not businesses. Due to this, many indicators have little or no relevance to us as a corporate reader. The UN does acknowledge the role businesses need to take in the SDG implementation. Our aim is to bridge this gap. Of the seventeen indicators, our assessment is that one is relevant for businesses as written, while seven are a good starting point for businesses to modify, and nine require significant modification and have limited relevance. Consider which of these indicators are relevant for your company, and further modify them to align with your strategy. While all the SDGs and related indicators are important, direct relevance provides the best opportunity for a company to make a lasting sustainability commitment and impact as strategic alignment is a stronger force than mere philanthropy.<\/p>\n

When converting these indicators for use by your company as KPI\u2019s we recommend your team uses the SMARTIE approach. SMARTIE builds on the smart method by bringing equity and inclusivity to the forefront of your companies\u2019 indicators. SMARTIE KPI\u2019s are:<\/p>\n

\"\"<\/p>\n

We are recommending the SMARTIE approach as SDG8 aims to make an impact for everyone, not a select few. Including equitability and inclusiveness ensures these issues are the focus and not left out.<\/p>\n

When you\u2019ve prioritized the SDG8 Targets that you can impact, and a strategy with opportunities your team will pursue, you will develop your own SMARTIE KPIs.\u00a0 This is a strategic activity, with diverse stakeholders from all functional areas and deliberate inclusion of all levels and interest groups.\u00a0 Consider an airline, whose business objective is to have 99.8% on-time departures.\u00a0 The firm should get advice beyond senior executives, gathering input from the pilots, flight attendants, customer service, and maintenance employees.<\/p>\n

Your KPIs should be both leading and lagging, which serve different purposes.\u00a0 Lagging indicators measure performance after activities have occurred; for example, percentage of on-time departures last month.\u00a0 There is nothing that can be done at this point to change those results.\u00a0 However, it may influence reactionary short-term plans.\u00a0\u00a0 In response to poor performance in the previous month, the company could add staff for more capacity to deal with weather delays.<\/p>\n

While lagging indicators allow us to react, it is also important to have leading indicators. These measure the conditions you\u2019ve put in place to achieve your objectives. This allows you time to make improvements and stay on track.\u00a0 Using more examples from the airline industry, leading indicators include short and long-term weather forecasts, staffing availability and expected travel demand.\u00a0 For every business objective, it is important to have a minimum of two KPIs, both leading and lagging.<\/p>\n

In our next Insights Article, we will share one example of how UN Target Indicators can be modified to apply to a business.\u00a0 We will adapt a specific SDG8 Target Indicator for business producing both leading and lagging SMARTIE KPIs.\u00a0 If you have any questions or thoughts on this topic, we invite you to share below.\u00a0 Has your business produced any KPIs for SDG8?\u00a0 We\u2019d love to hear from you!\u00a0 Thank you again for your interest.<\/p>\n

* To learn more about SDG8 and disability, please follow the article series by SDG8 Co-Author, Sangeeta Robinson<\/a>. \u00a0You may also want to read SDG8 Team Co-Leader and Co-Author Beth Howell\u2019s<\/a> series on Multi-National M&A Successes and Failures Through an ESG-SDG Lens.<\/p>\n

Copyright 2021 SHERPA Institute. All rights reserved \u2013 please cite and link to this web page.<\/p>\n","protected":false},"excerpt":{"rendered":"

Thank you for showing interest in SDG8. With your help we know we can achieve a difference when it comes to productive employment and decent work for the world\u2019s 7 billion plus people. Join us as we talk about indicator… Continue reading SDG8 Target Indicators Transformed into KPIs – Part 1<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":1661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[70],"tags":[69,108],"yoast_head":"\nSDG8 Target Indicators Transformed into KPIs - Part 1 - Sherpa Institute<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/3.131.116.215\/ra\/sherpainstitute_stagenew\/sdg8-target-indicators-transformed-into-kpis-part-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SDG8 Target Indicators Transformed into KPIs - Part 1 - Sherpa Institute\" \/>\n<meta property=\"og:description\" content=\"Thank you for showing interest in SDG8. 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She has a long history of involvement and activism in environmental and human rights causes starting in secondary school reading Rachel Carson\\u2019s \\u201cSilent Spring\\u201d and continuing throughout life, particularly with the Sierra Club but also many other groups. With a BA from Cornell University, double major in mathematics and chemistry, and an MBA with High Distinction from University of Michigan (Ross), double concentration in finance and strategic planning, she has had a long successful career. She worked for MassMutual Life Insurance, General Motors, Unilever and the education industry. Ms. Holder is a 42-year member of the American Association for the Advancement of Science (AAAS), a senior member and past local board member of the American Society for Quality (ASQ), and has served in many non-profit boards and as a judge for science and technology competitions for secondary schools. 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As Research Director, Ms. Holder fills many roles: as SDG Researcher for all SDGs, as Meta-Researcher gathering and analyzing data on Global Compact companies, and as Corporate Liaison. The biggest role is training and coaching the Researchers and Research Interns. In particular, she meets with Interns regularly to provide them requests from the SDG teams, to answer their questions, encourage their dreams, and keep them on track. Ms. Holder\u2019s role as co-author on SDG 3 Good Health is personal. Having had to learn to walk four times as a child due to multiple surgeries, she has spent much time with medical personnel. While still a middle schooler, she presented her own case at grand rounds at a New York City teaching hospital better than many of the residents. She has researched and managed health, accessibility, and insurance issues for herself and family, led support groups on health issues, and knows the importance of being an informed consumer and having an advocate while sick. Her driver for involvement in the Meta-Project overall is SDG 13, Climate Action, due to the climate refugees and deaths that will result if not addressed. This led her to connect with Ms. Andrea Hoffmeier at an ASQ section meeting and join SHERPA. Besides her role as Research Director and co-author for SDG 3, Ms. Holder also recruits new contributors and coaches all the SDG Teams along with Ms. Hoffmeier. The pair also are super admins for the various platforms SHERPA uses. Ms. Holder is originally from New York and now lives in the Huntsville, Alabama area nicknamed \u201cRocket City\u201d for its contributions to getting to the Moon. 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