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What Does a Performance Analyst Do?

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  • Written By: Meghan Perry
  • Edited By: A. Joseph
  • Last Modified Date: 30 November 2016
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A performance analyst basically evaluates performance and outcomes, most often for companies, although there are many other responsibilities involved. Performance analysts build relationships, write reports and make presentations. In addition, they must possess strong analytical and communication skills to do the job effectively.

As suggested by this job's title, analyzing performance within companies is one of the main duties. This could include comparing intended outcomes with actual outcomes, such as looking at the results of a contract and evaluating whether the results were achieved. It also could include evaluating quality control to see whether it is effective. Identifying errors within the system might also be part of the job. The analyst might also develop tools to improve outcomes.

In addition to evaluating outcomes, a performance analyst often has to communicate these evaluations. This could include communicating with managers through written or oral reports. It could also include making presentations to a broader audience at the local or regional level. This is often related to building relationships, both internally and externally. On top of building relationships, an analyst also often works with employees within the company.

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To prepare reports and evaluate outcomes, analysts often do research and collect data. Sometimes, data from the past is compared with current data to better analyze outcomes. data collection is an important aspect of this job, knowing how to use computers and statistical software is also important. A performance analyst also must know the company's policies as well as laws and regulations within the industry.

Analysts evaluate the outcomes of projects, and because of this, they are often involved with the project from the beginning. They might, in some cases, control the project in order to get the best outcome. As part of this project management, they set dates for when projects need to be completed and ensure that employees are keeping the schedule so the project can be completed on time.

A performance analyst often has to prepare reports or give presentations to a variety of people, so both communication and the ability to get along with people are important skills for this person to have. Related to the data collection aspect of the job, analytical skills are important. The ability to meet deadlines is another important skill for a performance analyst. The educational requirements might vary for this job, but a bachelor's degree is often required.

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bluedolphin
Post 3

@candyquilt-- Yes, details are important. I'm a performance analyst and I spend a lot of my time looking at data and statistics. If I miss something, the report will be wrong. I like my job though, I enjoy it. And that makes it a lot easier. Some people in the office look at what I do and say they could never do it. It's not that difficult but one must enjoy the research and analytically aspects.

SteamLouis
Post 2

@candyquilt-- It is stressful when there are deadlines to meet (which is almost always). And if the performance analyst also has the responsibility of a project and a supervisory role over other employees, that adds stress too.

A performance analyst basically is someone that can handle different types of tasks at the same time and does not get overwhelmed. There are so many aspects to performance analysis. It's not just about collecting data and reviewing reports. The performance analyst often also advises his or her employer on what ought to be changed to improve performance.

Large companies do have a whole team working on performance. So in large companies, a performance analyst's duties may be more restricted. In smaller companies, the performance analyst usually deals with everything related to performance.

candyquilt
Post 1

It sounds like performance analysis is a very detail oriented job. And it sounds stressful too.

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