Every business leader knows the best way to succeed in the new year is to approach it with a detailed plan. But to truly make the most of 2017, every department – including management – must focus on the months ahead. Even if executives set targets for the new year, they won’t reach them without managers that are adequately prepared. Here’s how you can prep your managers and other company leaders for 2017:
Set goals early
Having business goals set ahead of time ensures you’re ready with a plan come January. Use OKRs – objectives and key results – companywide to align every employee with the goals of the business. Objectives are the basic ideas your staff or organization wants to accomplish, while key results are specific, measurable outcomes describing the steps necessary to succeed. OKRs align everyone in your business, from C-suite executives to seasonal staff.
Understand your hiring needs
As ZipRecruiter discussed, your 2017 goals will dictate your hiring needs for the year. If growth is a part of the business plan, your OKRs will show you how many new employees you need, and when. For example, if the objective is to have 200 new clients by the end of 2017, you can analyze your existing employee workloads to help you determine how many new people to hire.
“Setting a timeline with achievable goals will help you stay on track and know when it’s time to hire on a new team member in each area of your business,” said Tony Sorensen, CEO of McKinley Consulting and Versique Search and Consulting, to ZipRecruiter.
Check your tech
No matter what industry you work in, you want to make sure your technology is up to date. Not only do software vendors release new versions with better capabilities and interfaces, but these updated applications address ever-changing security issues. Even if you don’t plan to purchase an upgrade, downloading the latest patch adheres to security best practices.
In addition, you should audit your current software and business needs to see if there are any new programs you should purchase. For example, goal-setting software is imperative for any organization planning to revamp its performance management methods. The software lets everyone in the business observe the goals of their peers, so each employee sees how their roles address the needs of the company.
Follow your business icons
While you definitely want to be an industry leader in some form, don’t be afraid of following the moves of other successful companies. They’ve already done a lot of the problem solving, and adopting their methods to address various issues frees you up to strive for innovation in other ways.
Plus, incorporating other business practices keeps you abreast of ongoing trends. For instance, Fast Company predicted half the Fortune 500 companies will switch from annual reviews and employee rankings by the new year. Soon, the way companies address performance management will become a selling point for attracting the best talent.