Table of Contents
2. Why Goals?
Goal setting begins with identifying objectives individuals, teams, and organizations want to achieve. This module is designed to help set, track, and achieve Goals effectively. Engagedly's Goals feature simplifies Goal management and achievement. It also provides clarity to everyone in the organization about the importance of their work.
Key Performance Indicators (KPIs) are essential for measuring an individual’s or an organization’s progress toward specific Goals. They are used by teams or organizations of any size or industry to track progress on multiple tasks and ensure ongoing success. KPIs help individuals and teams make informed decisions and monitor their performance. To effectively use KPIs, one should begin by establishing clear Goals and strategies. KPIs should be implemented when it’s time to measure progress toward these Goals. They should align with the organization’s overarching vision and strategy by connecting each KPI to a specific objective, motivating individuals and teams to work toward their Goals.
Objectives and Key Results (OKRs) are popular approaches to Goal setting that allow employees to execute individual and organizational Goals. Objectives are something that you want to achieve, whereas Key Results are a measurable way to keep track of how close you are to achieving your objective. OKRs are essential for aligning organizational and individual Goals, fostering a purpose-driven culture, and overcoming issues like miscommunication and Goal misalignment.
There are two approaches used for setting OKRs.
- The Top-down approach is where the organizational objectives are cascaded down to different departments and aligned with them.
- The Bottom-up approach is the opposite of the Top-down approach. Here, different teams and employees create their OKRs and try convincing top management to adopt them. The approach usually requires leadership's validation and forward-thinking for adopting OKRs.
Learn more about the essential guide to OKRs.
2. Why Goals?
Goals serve as a roadmap to success, providing direction, motivation, and focus. They help individuals and organizations clarify objectives, prioritize tasks, and measure progress. Setting clear and achievable Goals can enhance productivity, help employees stay motivated, and work towards continuous improvement. The following are the key factors that make Goal setting a must-have process.
- Goals provide purpose and clarity at work and help you stay dedicated to your tasks.
- Goals help you to organize your time and resources.
- Goals boost self-confidence as you recognize your ability and competence to achieve Goals.
- Goals give you an overall perspective that shapes all other aspects of your decision-making.
- Goals help you review your plans and improve the quality and reality of your Goal setting.
- Goals help you set boundaries that guide you away from unnecessary distractions.
3. Who is the module intended for?
Engagedly's Goals are intended for organizations and businesses of various sizes and industries. It is designed to help employees, managers, and leaders interested in personal or organizational development. It can be used by HR professionals, managers, and team leaders who offer valuable guidance for setting, tracking, and achieving Goals effectively.
4. What can Goals measure?
Admins can tailor Goals as per their organization's priorities and objectives. Goals can measure personal and professional life, including performance, growth, efficiency, and success. It allows you to track progress and measure whether you are meeting your desired outcomes.
5. What are the suggested use cases?
- Strategic Planning Support: Assist in strategic planning by enabling leaders to set, disseminate, and monitor strategic goals across the organization.
- Individual Goal Setting and Tracking: Employees can set and track their individual goals in alignment with the organization's objectives. This helps personal development and ensures everyone is working towards common organizational goals.
- Team Goal Collaboration: Teams can set collaborative goals, fostering a sense of unity and purpose. This feature can be used to ensure that team efforts are aligned and contribute effectively to larger organizational objectives.
- Cross-Functional Collaboration: Encourage cross-functional team goals, which can lead to innovation and more cohesive interdepartmental collaboration.
- Real-Time Goal Progress Tracking: Offer real-time tracking of goal progress, enabling employees and managers to stay updated and make adjustments as needed.
- Project Milestone Setting: Use the module for setting and tracking project milestones. This is essential for project management and ensures timely and efficient completion of projects.
- Performance Management: Link employee performance reviews with their goal achievements. This provides a clear and objective basis for performance evaluations and helps identify improvement areas.
- Career Development Planning: Use the module for employees to set long-term career goals, which their managers can review and support. This aids in career progression and employee satisfaction.
- Organizational Objective Alignment: Facilitate aligning individual and team goals with the broader organizational objectives. This ensures that every employee's efforts contribute to the organization's overall success.
- Recognition and Rewards: Link goal achievement with recognition and reward systems. This motivates employees and acknowledges their contributions to the organization.
- Succession Planning: Utilize goal achievements and competencies in succession planning to identify potential leaders and prepare them for future roles.
6. What are the key features of the module?
- Create a Top Level and individual Goals and assign them to any employee.
- Automatic Goal status updates.
- Publicly praise the Goal owner.
- Request and provide feedback about a Goal.
- Align individual Goals with the Top Level or any individual Goals.
- View other employee’s Goals and their progress.
- Follow any Top Level or individual Goals.
- Award points for Goal completion.
7. How does it work?
- CXOs and Admins create Long term Goals.
- Department and BU Admins create goals for their respective Departments and BUs and align them to the Org Goals.
- Managers create team Goals, assign them to individuals, and align them to relevant Department and BU Goals.
- Employees are notified to create their individual Goals and align them to Top Level Goals.
- All employees can view the Goals Directory and Dashboard to track their progress.
8. How can one benefit from Goals?
Admins: Goals provide analytics and reporting tools to track individual and team objectives in monitoring progress towards their Key Performance Indicators. It helps them see where more support might be needed and provides insights to make better decisions.
Managers: Goals help managers to set and monitor their team's objectives. It provides insights into progress and allows them to offer support, promoting effective teamwork and Goal achievement.
Employees: Goals empower employees by providing a platform to set and track their work objectives. It enables communication with managers about Goals and progress, fostering engagement and recognition.
9. Glimpse of the Product
Engagedly's Goals is a unique offering that helps individuals and organizations set, track, and achieve their Goals more efficiently. It boosts productivity, motivation, and overall improvement by making Goal management easier.
Discover the power of Engagedly's Goals firsthand - schedule a demo today and unlock the full potential of your organization!