There are many factors that come together to make an enterprise successful: inspiring managers, an innovative company culture, talented employees and a larger vision everyone can get behind – just to name a few. And while there’s no one-size-fits-all recipe for organizational success, executives can make sure all these factors align by connecting larger company goals to the way employee performance is managed.
That’s where modern, user-friendly technology that taps into the needs of a connected workforce comes in. Of course, we’re referring to goal setting and management software, which takes the traditional – and broken – feedback and performance management systems in place at many companies today and turns them into powerful tools to improve employee engagement and promote excellence throughout all levels of an organization.
Data-Driven Operational Excellence
Operational excellence is a key ingredient for success for any enterprise, yet traditional performance management processes almost seem counterintuitive toward driving the high performance companies crave. Our e-book, “How Goals are Driving a New Approach to Performance Management,” underscores this important reality. Citing research from Forrester, our e-book notes 58 percent of companies believe their performance management process is weak in driving engagement and high performance.
If the purpose of performance management is to hold people accountable and motivate them to produce excellent work, then why aren’t companies seeing results? The problem is that traditional performance management systems cater to a traditional work environment, yet today, workplaces are evolving, hierarchies are becoming less relevant and employees are expected to contribute to enterprise success. Goal setting software gives executives, managers and employees a data-driven, visually appealing look into how people and teams are performing and how individual goals are aligning up to the top company goals.
“58 percent of companies believe their performance management process is weak.”
Employees with Purpose
Goal setting software inspires a sense of purpose and drives employee engagement, and in today’s business environment these two things are absolutely crucial. According to Gallup’s “Sate of the American Workplace” report, nearly 70 percent of U.S. workers are not engaged at work. So how can enterprises avoid the employee engagement decline? We think insightful, interactive goal setting software is one major step enterprises can take to keep their employees inspired and engaged. In fact, our e-book cites data from a recent Deloitte trends report, which shows that companies that modernize their performance management processes typically see 20 to 30 percent higher engagement, as well as improvements in retention and performance. Here’s why:
- Yearly reviews are a thing of the past. Employees want feedback year-round.
- Goal setting software makes this type of instant, lightweight feedback easy and shows your people how their individual goals are important to the success of the entire company. This is a recipe for motivation and gives employees a sense of real purpose.
- Your people are going to want to work harder when they know their coworkers are also engaged. The right software makes goals transparent, allowing everyone throughout an organization to see and compare goals.
Inspiring a Collective Vision
At BetterWorks, we believe the most engaged people at a company are those who are invested in the company’s – and in each other’s – success. Goal setting software can help create a collective vision throughout your company that sparks collaboration, creativity and productivity.