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Goal Setting

Human Resources professionals enact the importance and criticality of having good business objectives to fuel the incentive systems.

By "touching the pocket" of employees, incentive systems tied to the fulfillment of objectives provide to the business with an excellent opportunity to effectively communicate success scenarios and the desired or expected behaviors to be successful.

Generally, the processes used for Goal Setting work well at the highest levels of the Organization. We refer to the CEO -or equivalent- and his direct reports. At this level it is natural to reflect the company's strategy in the objectives, and it is rare to see misalignment or lack of relevance in these objectives.

However, and as a consequence of decentralization, it is enough to advance only one level down the organizational pyramid to find inconsistencies of different types. And the further down the structure we go, misalignments and potential improvements tend to reproduce themselves exponentially.

Even assuming that the company uses methodologies such as Objectives S.M.A.R.T. (you are probably familiar with this acronym: Specific, Measurable, Achievable, Realistic and Timely objectives), and apply this tool conscientiously -which is not frequently-, even so, as we descend in the organizational pyramid, problems related to the "interaction of objectives" usually appear, such as: It turns out that it is not enough to achieve SMART objectives, as this rating focuses on rating and improving only on individual objectives.

It is highly recommended to analyze the interaction and alignment between the objectives of different employees, teams, areas and management.

Correcting these problems takes time and effort, but...

The potential return is enormous!

There are few opportunities as clear as this one for Human Resources to show its approach and add value to the business.

From CompStrategy we have developed an effective methodology to help improve the process of Target Setting until the desired level of excellence is reached. Do not hesitate to contact us.

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