As we move further into 2018, performance management will continue to evolve. Factors such as digitization, a multi-generational workforce, shifts in the economy, and the ability to use analytics in the workforce are just a few driving forces behind these changes.
Busy managers have two key responsibilities: achieving results and retaining their employees. Both of these can be achieved by taking a comprehensive approach to ongoing performance management, incorporating elements like OKR goals and continuous, two-way feedback into your strategy.
Here at Atiim, we’re always looking for new ways to give executives tools to oversee their teams effectively and accelerate results, which is why we routinely provide insights to OKR goals best practices and explore management topics.
One of the things executives struggle most with is turning their strategy into execution. In his book Scaling Up, Verne Harnish identifies the key elements needed for flawless strategy, which include establishing an effective meeting rhythm and incorporating metrics into your goal setting methods.
Many companies develop effective strategies, but fall short when it comes to execution. Even when CEOs effectively identify their company’s top priorities, in many cases they’re unable to align activity across the rest of the organization.
The concept of performance management has changed rapidly in recent years – no longer is it a one-time event (i.e. the annual performance review), but instead it has become a series of ongoing activities.
Companies like Google have been using OKRs (Objectives and Key Results) for years, but those who are new to this powerful goal setting framework are curious about how to implement them most effectively.
If you’ve ever wondered what it is that makes one manager excel while the other is simply getting by, the answer lies in effectively setting Objectives. By using a system like Objectives and Key Results (OKRs), managers can set clear, measurable goals to align and focus their teams instead of micromanaging daily activities.