IFP’s Goal Management System, provides a convenient online tool where goal setting, alignment, and management can be achieved with minimum effort.
Researchers at the Workforce Intelligence Institute found a direct correlation between a company's financial performance and their ability to effectively set and manage goals. Their findings concluded that companies having higher levels of financial success were adept at aligning their employee’s goals with the organization’s strategies and priorities.
TalentPeak Summit Goal Management™ system will help your organization execute an effective goal alignment process as part of a successful performance management initiative.
Goals provide the focus and energy for organizations to achieve their vision and strategy, but without GOAL ALIGNMENT, employees and departments are disconnected from it, and corporate goals—as a consequence—cannot be fully realized.
Employees who understand their individual goals—and how they relate to those of their organization as a whole—will also be more engaged and motivated to play their part in this collaborative effort. It is the coordinated, collective efforts of individuals and departments that drive organizational success, as everybody's energy is harnessed and directed toward common outcomes. (Learn More.....)
SMART Goals
Employees can only be productive when they know exactly what are expected of them, i.e. having goals that are SMART:
S - Specific (clearly specify the intended outcome/s) M - Measurable (quantifiable; stating exactly what the criteria for success are and how it will be assessed/measured) A - Attainable (challenging but achievable; employee has the skills, time, resources and authority to deliver the expected results) R - Realistic (relevant to the employee's role; is willing and able to work towards its achievement) T - Time-bound (clearly defined time frame or target date)
Once set, managers at all levels need an easy way to view, manage and monitor such employee goals, so they can ensure that they are on track, and to address those ones that fall behind schedule or target.
System Functionality
Create goal hierarchies at all unit levels in the organization—starting at the top.
Cascade and align goals across the company and top-down.
Base goals on (balanced) scorecard perspectives (user-defined) (optional).
Ensure goal visibility at appropriately assigned levels (top management can see all employee goals; managers can see those of direct reports and lower; employees can see their own).
Create goal action steps, standards, due dates, priorities, KPIs, etc.Create KPI scorecard dashboards at any organization level.
Assign goals to individuals or to multiple team members in a single batch process.
Collaboratively involve employees with goal building (even leave it to them to formulate, for managers to edit and approve).
Update and track goal status in real-time.Transfer goals to performance reviews.
Include employee (career) development goals
To Learn More about Summit Goal Management, please contact us or visit TalentPeak
