8 Important Benefits of Goal management
Why do you need Goal management?
Organisations can break down their long-term goals, representing their overall vision, into smaller goals for every department or business unit. This will help in properly tracking and monitoring the progress of an organisation as a whole towards its long-term goals.
Enhanced Employee Experience
Goal management helps an employee to keep track of future goals and strive to achieve them. It motivates them to strive harder for their set goals. Managers can also easily track and monitor their team and provide much-needed guidance on time. Employees tend to improve their attitude and cognitive skills, benefitting their careers and organisation.
Better Work-Life Balance
We all understand how difficult it is to maintain a delicate balance between life and work. Goal management can help avoid all work-related stress which can cause burnout or outbursts. Employees can view their progress on the pre-defined goals and take appropriate decisions for their career progress. This will also help them better manage their time and avoid working after office hours.
Employees can enhance their productivity by collaborating with their team and exchanging ideas with the help of a Goal management system. Clear goals will help them identify the right goal to work on and save essential time toggling between tasks.
Enhance Decision-making skills
Real-time updates of goals will help the employees and management make quick decisions while reviewing their progress. Managers can also assign or shift goals for their team as required.
We can easily track employees’ ability to succeed in specified goals and get all the trends and insights to drive employee success. Access to a dashboard showcasing key performance metrics will help HR professionals plan their skill development programs for their employees.
Feedback to improve communication
Managers and colleagues can provide constructive feedback on ongoing goals, encouraging a growth mindset. It will also reduce the friction of giving and receiving feedback improving the overall communication mechanism.
Increased Employee Retention
Employees tend to remain loyal and contribute towards the organisational goals if provided with a positive work environment. Goal setting will allow employees to perform better and grow professionally in the organisation.
Achieve Next-level Employee Success
The era of the employee experience has changed. In the COVID-19 work era, the trend toward a more humane work style has intensified further. Therefore, businesses are increasingly looking for more straightforward solutions for their employee.
PCL, Oracle’s trusted partner, provides organisations with a best-in-class solution to track and manage organisational and individual goals and closely align them with the overall talent management process. Our Goal management solution makes it possible to define and monitor goals at all organisational levels, facilitating a continuous performance conversation all year. Business leaders can share high-level ideas, and managers and staff can work together to develop goals consistent with the company’s direction.
BGC Partners overcame payroll issues with an integrated, end-to-end Oracle Cloud HCM resulting in significant time savings, allowing focus on strategic initiatives.
The Riverside Group is one of the UK’s leading registered social housing providers, with over 3500 employees and over 75,000 homes