What metrics do you think are most important for evaluating the success of Meta (Facebook)’s Workplace product?
You are the PM of FB Workplace. What metrics would you evaluate to measure success?
What metrics do you think are most important for evaluating the success of Meta (Facebook)’s Workplace product?
1) Product Description
Facebook’s Worplace is like a Facebook focused on work/company environments. So, employees of that company can interact with each other just like they do on Facebook. For instance, they can create groups based on teams, post anything they want to share (video, pictures, etc), chat with others, create events, and many other things. Is my understanding right?
2) Setting a Goal
Talking about goals, I believe that it’s crucial to start from Meta’s goal, which is to connect and bring people together all over the world. In that direction, Workplace provides closer interaction among employees in the same company, fostering stronger connections between people. Therefore, the goals are very well aligned.
Now, there are different perspectives that we could evaluate the success of Workplace, but I would like to focus on engagement, because I believe is one the most important factors that sustain the product among companies, eventually the customers. If you have an internal communication that people are not using or is not effective, you will opt to change it. Does it sound good or do you want me to focus on other goal?
3) User Journey and Groups
Regarding the metrics brainstorming, I will go over some points of a possible user journey and what those users are.
So, after employees are hired, they probably get instant access to company’s Workplace. They might be part of an onboarding group with access to materials and people in the same situation. They start to interact with the community, understand how it works, and participate in their favorite and must-have groups. After some time and getting used to it, those employees feel comfortable to interact with other’s posts and post themselves about something they have achieved or needed help with. As a result, the network effect starts working for those employees.
I would like to think about some user groups just to get a sense of who may be using the platform, and if it helps me coming up with some metrics.
So, I can think of three big groups:
– Power: users who share/create content regularly and also interacts with other people’s posts. Generally, these users are part of many groups, and know what is going on in many departments of the company.
– Interactive: users who focus on interactions with other people’s posts. Generally, this user does not like to create content. They might also be part of many groups in the company.
– Regular: users who navigate in the platform just to know what’s going on, the big and important news, updates, and these kind of stuff. They do not really care much about creating and showing interaction with others’ posts.
4) Metrics Brainstorming
So, with all that in mind, I would like to lay some success metrics here focused on the goal we have defined – engagement.
a) Average interaction per user (posts, comments, likes, shares) over time: We can understand if people are becoming more engaged throughout periods of time, probably weekly or monthly.
b) How many groups and people employees interact on average over time: Analysing this metric, we can understand if people are actually growing their connections inside the company, not only focusing on their closest team.
c) Average session time per user over time: Well, we want to know if they are actually spending more time in the platform, fostering connections and engagement.
d) How many people create content and their roles: We want to know if content creation is restricted to managers for example or if people feel comfortable of creating content (maybe a pain point from regular and interactive users).
e) Daily/Weekly Active users on Workplace in a broader way: Although it’s a mature product, there are very strong competitors in the market. So, this quick metric would give us a notion of the platform’s growth over time.
f) Average session time and average interactions from Workplace users in other Facebook Platforms: We want to know if using Workplace help pleople interact with Facebook and Instagram, for instance. Thus, we needed to compare both groups.
5) Prioritization
Well, looking at ours and Meta’s goal, I would focus on a) and c) as noth metrics. The reason is they are high-level metrics that can really show how engagement Workplace generate among employees, eventually helping on the companies’ performance.
As a guardrail metric, we could also look at Active Users, because if it decreased, it might mean that the platform is not serving its purpose, thus making companies choose other options in the market.
6) Trade-offs / Attention
A trade-off that pops-up to my head is that average session time can be misleading here. Ultimately, the company wants interactions, but not employees wasting time with other “unecessary posts”. Therefore, we should be able to find a balance here in this metric to what extent it really shows engagement.
Another one, but I am not so sure about its impact, is the average interactions can also be misleading. We all know employees who are very very engaged in the company’s stuff, so they can concentrate the engagement. Analyzing the metrics, I would probably look at outliers and understand their meaning.
7) Summary
Wraping all up, we are measuring Facebook’s Workplace success. Setting engagement as a goal, we mentioned the customer journey and user groups to help us brainstorming the metrics. Finally, we selected two north start and one guardrail metrics, mentioning about trade-offs as well.
Approach:
1. Understand/explain the workplace product
2. Establish the business goal
3. Define the user journey
4. Outline the metrics
Workplace product: Employers use them for the communication and interaction with the workplace; for organizing workshops, meetings, summit; for conducting one-on-ones, conselling sessions, etc; for creating and running the affinity groups.
Goal: It is to drive the adoption and to monetize the service with ads.
User journey: This product would have three-side customer base a) employers, b) employees c) advertizers
Employers:
A) Create a group with all employees or employees within a group
B) Plan company-wide or org-wide activities such as annual holiday party, off-site event, atc.
C) Monitor the headcount for the event
D) Collect ideas/interest to desing the activities/games for the event
E) Post videos/pictures related to the event
F) Create Q&A community related to the event
G) Notify the group about the event
H) Say thank you and wrap up the event
Employees:
A) Engage with the event-planning and participation of the org-wide/company-wide activities
B) Create a affinity/interest group
C) Manage communications related to the affinity/interest groups where people can ask questions, express their talents, seek support/consul, etc
D) Plan, organize event or activities for the group members, including one-on-one session
Advertizers
A) Find the customers with high intent of purchase
B) Target those customers with ads
C) Run deals on the product
Metrics:
I would focus on the employers related metrics as they plan and run the large scale events for the employees
Employers
A) Marketshare: What is the share of the facebook’s workplace product compared to the similar offerings in the market
B) Userbase/Adoption: Number of employers that use the workplace product to engage with their employees
C) Growth: YoY change in the user base and market share
D) Engagement: #number of events planned, #associated RSVP count, #videos,photos related to the event, #like,shares, comments associated with events, #questions asked and received answers related to the events,
E) Engagement drivers: by industry, by employer size, by employer geographical location
F) Retention: employers that continue to organize the events and engage with the employees every month/year
F) Revenue: Ad revenue generated per employer
If we look at Facebook Workplace – the objective should be 3 fold
Customers for Facebook’s Workplace Product
Success for Facebook Products.
he Facebook workplace is a social networking site specifically made for companies to interact with their employees and plan events. Apart from Newsfeed, an integral part of Workspace, Workspace also includes event management, text communication, audio, and video calling.
The task is to find the crucial metrics to measure the success of Facebook’s Workplace. As this is a social networking and interactive product, the most important metric would be engagement, as this would help us determine how effective our product is. Before continuing further, I would look at various services that the Workplace provides and look at each service’s engagement metrics.
Services that the Workplace provide:
Engagement Metrics:
Group Feature:
Events Feature:
Audio and Video calling:
News Feed:
As this is a feature that not many know about, we can consider awareness metrics after the engagement.