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Both startups and established organizations benefit from implementing an OKR methodology. Here’s how they can implement it effectively: * Have the buy-in of senior leaders and others in the organization. * Pick a set of 5-7 clear objectives based on current and past experiences. * Set key results as stretch goals and
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Goal setting needs to be done right so organizations can succeed while employees are motivated to perform and be aligned with organizational objectives. This is why it is necessary to make one’s goal setting follow the SMART way, where S.M.A.R.T is an acronym that stands
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The names of some of the world’s biggest achievers grace the list of companies that adopted the OKR methodology for better performance while driving employee engagement. What are the key components of this methodology? * Set objectives and break them down to measurable key results. * Set stretched goals to push
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OKR or Objective and Key Results, is a popular leadership technique that helps organizations set, communicate, and track their goals. It is a holistic approach towards management of goals and performance levels of employees at every level of the enterprise. It helps in creating better alignment and engagement around measurable
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Design your program right by defining the following: * Keep the criteria simple and easy for everyone to understand, implement or use for appraisal. * Decide the schedule for the events along with the behaviour to be rewarded, and keep people informed. * Make sure you set aside a proper budget to keep
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An employee performance management software tool helps you conduct employee performance evaluations and appraisals with frequent, regular updates and feedback. An effective Performance Management System needs to enable all the following actions: * Set up and align team and individual goals to Organizational goals * Collect performance reviews, appraisal information, incl. 360-degree
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360-degree feedback is an effective tool for employee development and organizational growth and success. Having said that, it helps to be aware of the pros and cons involved in implementing the feedback process, so as to guard against them and eliminate their effect. Pros: • Anonymous feedback helps to make it
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The world is moving away from traditional performance reviews, to adopt an entirely new approach to performance management, in the following ways: * Creating a culture of growth and making managers responsible for the development of their team members. * Delink performance management from career development and compensation decisions. * Simplify the performance
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Employee engagement involves fostering a work culture that makes the employee feel valued and aligned with the organization such that they put in the maximum effort they can to work for the organisation, thus improving employee performance. Just as each tiny, seemingly insignificant drop combines with billions of others to
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Settings OKRs, aka Objectives and Key Results, needs some orientation, strategy and planning. Here, we have answered some common questions covering the creation and implementation of an OKR strategy to ensure its success. * How do I create an OKR strategy for my company? * Are there any common mistakes companies make,
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Employee engagement is essential to all organizations. It has become an imperative in the remote, work from home arrangements necessitated by the pandemic. We provide some tips to increase employee engagement under the circumstances: 1. Increase sense of belonging. 2. Define goals and targets. 3. Communicate better. 4. Be available.
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Employee engagement needs to be sustained over time to ensure that the organization can reap the benefits of such engagement. Some strategies to ensure this include: * A work atmosphere which excludes anxiety and stress brought on by high workloads and low support from the management. * A committed set of leaders