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What stops you from achieving goals
What stops you from achieving goals
What stops you from achieving goals
What stops you from achieving goals
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What stops you from achieving goals
What stops you from achieving goals
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What stops you from achieving goals

  1. What stops you from Achieving Goals? subramanian.rama 2015 www.synergita.com
  2. Achieving Goals | 1 www.synergita.com What stops you from Achieving Goals? Employee engagement levels and team dynamics plays a vital role in achieving organizational goals. Sometimes employees come together seamlessly as a team but most often it’s the leadership that plays a crucial role thoughtfully to design & build a collaborative culture within the organization to create an effective workplace that supports engagement, satisfaction and performance to ensure sustainable growth. Before we move further let’s understand what factors hinders us from achieving goals. It arguably boils down to these four factors:  Lack of clarity – What to do, next steps and how much time we have?  Lack of skill – How to do?  Limiting behaviour – Motivation, work design, other people.  Lack of information – Critically affects the ability to see the bigger picture and make decisions. A recent report by Deloitte University press indicates 42% of respondents in a survey have reviewed and updated their performance management process. The necessity to update the traditional system in place is for the following reasons:  The conventional system operates on the assumption that setting goal is an effective way to manage business.  Traditional systems rely on the assumption that annual reviews are enough to motivate and retain employees and to correct them where necessary.  With matrix structures in place employees today work with more than one manager.  The traditional process assumes employees have to be managed to achieve goals and does not consider the need for motivation and inspiration.  Fairness of the process, justifying compensations tied to performance has always been one of the pain points irrespective of the size of the organization.
  3. Achieving Goals | 2 www.synergita.com Still Struggling to in-still passion & purpose? A report by Bersin mentions only 13% of world employees are highly engaged, 63% disengaged and 24% actively disengaged resulting in lost productivity & innovation worth billions of dollars annually. But more importantly this has caused a serious dent to business competitiveness and opportunities impacting both top and bottom lines for future years as well. As per Gallup, estimated cost of the economy for disengaged employees is $350 billion a year! This has forced most organizations to re- evaluate their performance management process, abandon their rating and ranking based performance management system & adopt a coaching and development model to realign with the new generation of workforce. This has imposed a new challenge for taking performance management systems to a new level. The emerging business trends require feedback cycles to be ongoing and also real-time to manage performance. Necessary feedbacks to be offered in an informal way involving managers, peers & employees which also helps manage relationships better and helps contribute towards organizations coaching and mentoring initiatives. The new system should more than ever before address the innate psychological need of awards/recognition for achievements/quality performance. This empowerment contributes to satisfaction, encourages participation and higher performance from themselves and also from their teams. This invariably would drive engagement levels and also help build a positive cultural shift motivating employees to achieve desired competencies, knowledge and behaviour skills. Last but not the least, one’s ability to focus is the primary driver of effectiveness. The foremost requirement therefore is to set clear expectations and define roles to enforce accountability and follow-up by tracking and monitoring progress of the set goals. This can dramatically improve overall effectiveness and organizations’ performance. In this ever changing competitive business landscape the need is to have more frequent one-on-one interactions with employees to disseminate personalised messages (It has come to observation that attrition fell by 20-40 % when coaching and mentoring were deemed satisfactory). The one-to-one interactions for review (if not held monthly) are to be held at least once a quarter to maximise ones’ potential by leveraging their strength, discuss experience & training requirements, career plans for growth and to align employees with strategic corporate objectives and priorities. The new system requires combining the focal points of Continuous feedback, Goals tracking, articulating shared goals and objectives and make performance reviews ongoing and continuous. Are Goals Achieved through Social Collaboration? Collaboration is an indicator of passion & trust and is a natural and efficient approach to problem solving. This in particularly is true in knowledge intensive settings where it can often be noticed people rely heavily on their network of relationships to find information and solve problem. It is also common to note in an informal network the employee behaviour is comparatively more reflective than observed in an aristocratic or bureaucratic setup. It can also be commonly observed that
  4. Achieving Goals | 3 www.synergita.com collaborative interactions are the key to develop and accelerate the spread of new ideas or opinions for either creating a climate of innovation or for learning to help meet specific tasks. With the markets becoming global and the workforce scattered across different time zones, it demands a process that almost resembles having a conversation rather than capturing records after the fact, thus creating a growing need for a strong communication tool to keep goals in focus & on track. The managers should be aware of how his team is tracking against all its goals and at the same time keep these interactions on a secured network as these are about business. The proliferation of social and mobile technologies in the last 15 years has revolutionized how we share and communicate today and has fuelled our ability to stay social 24X7. It is this technology which has made our lives easier and brought us closer to our family and friends. Having born directly into a new era of technology, millennials are hardwired and glued to their smart phones and other devices and the most defining characteristic of them is the fluency and comfort with which they use this technology. Now that millennials have surpassed Gen X in terms of availability of workforce it makes it imperative to provide real time workspace for teams to share data and socialize to get conversations started. Online social collaboration has become part of workplace culture acting as a key tool for engaging workers by creating a feeling of inclusivity to the organization and for building a trust environment. Like Facebook/LinkedIn, the performance management system should enable its users to ask questions, post comments, make announcements, recognize peers and act as an incident diary of the employee to initiate constructive discussions by managers and the get the feedbacks.
  5. Achieving Goals | 4 www.synergita.com Is your performance management data driven? For decades talent management has revolved around the traditional methods of personal relationships and experience rather than deep analysis. Details of a survey finding are as given under. The importance of talent analytics in the traditional method is that they are data driven and provide objective information than qualitative findings, which helps in making predictive decisions rather than reactive. This addresses business issues and not merely HR issues. The key factor differentiating a high performing organization from the moderate would be the depth of talent analytics available for building capacity of the existing talents and to plan future workforce initiatives. The quest for higher performance by companies can be achieved by data mining which enables to find facts & gain knowledge about trends and effects of decisions or events. However, the common problem encountered is on leveraging this massive amount of data accumulating from more and more sources that are available in raw form. The key, however, is to align the data analytics with corporate strategies and understand how it supports to identify where to focus and what business objectives are to be derived from the efforts. Data analytics is a powerful tool to provide insights on the outcome of a decision or trends. This information becomes the source for bringing intelligence for organizations to plan and trigger strategic initiatives to improve performance and help speed up changes for competitive advantage. The statistical methods and measurements of data analytics helps in quantifying and aligning risks, which when linked with corporate performance helps to understand the inter-relationships between employees, customers and products. This enables companies to implement strategic initiatives to improve and optimize efficiency and at the same time enhance the ability to forecast changes in the market and take proactive measures. It doesn’t go without saying that data analytics supports and enables faster decision making, helps manage risks and transform business process across a range of activities.
  6. Achieving Goals | 5 www.synergita.com Conclusion. The proliferation of technology, the competitive global market and the perception of the Gen Xers & Millennials, demands an integrated approach to talent management to perform in the competitive climate of global economy. The need of the hour is to have an agile system which provides up to date information of performance metrics that motivates and informs teams about their progress and also one which enables continuous contextual constructive dialogues for coaching and feedback. The new performance management system should balance and support both work modes: Individual and Collaborative. At the same time be complimented by data analytics for quick decision making and implementing improvement plans to see a significant improvement in performance.
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