Professional Documents
Culture Documents
Introduction
Performance management is a business management tool that helps bosses monitor and evaluate
the efforts of employees. Its goal is to build a path on which individuals can perform their tasks
as perfectly and successfully as possible (Tardi, 2022). As such, a supervisor/manager can use
this tool to adjust employee workflow, recommend new alternatives, and make other decisions to
help workers achieve their goals, which will help the organization achieve its goals and perform
inspector. In the fourth quarter of the financial year (October - December), the departmental plan
is generated from the corporate plan and my work plan is generated from the departmental plan,
which takes effect on October 1, which is the start of the last quarter. When creating my work
plan, the broad goals for my function are pulled from the department plan and broken down into
SMART goals and tactics to achieve them. If anything has changed during the year, the plan will
be adjusted accordingly. At the end of the year, my director evaluated my performance against
my work plan based on the goals I had set to see if I had met or nearly met them. If I score above
A goal is a statement describing what an employee, team or company wants to achieve. The
acronym SMART is a tool designed to help companies and individuals set goals in a real and
fruitful way. Specific and measurable goals define success; achievable and realistic goals engage
and motivate people, and time-bound goals ensure that all stakeholders agree on timescales for
achieving the goals (Chartered Management Institute, 2014). Below are the three objectives
Using the SMART process at my former workplace was not problematic because it is the
practice used in my current organization. The SMART approach is very effective because it is
transparent in that I set my goals and if I haven't given my all to achieve them, I have no one to
blame but myself. As a result, if I achieve my goals, there is no way my boss can deny me a
performance bonus.
Conclusion
It is vital to set SMART goals/objectives in an organization as this would mean that ideas are
clear and our efforts are focused, allowing time to be allocated in a way that ensures the greatest
return and highest chance of goal realization (Merrihew, 2017). So let's work on goals/objectives
that we can achieve and for which we will get the best reward.
References
https://www.managers.org.uk/wp-content/uploads/2020/03/CHK-231-
Setting_Smart_Objectives.pdf
https://www.hydratemarketing.com/blog/the-importance-of-setting-smart-goals
https://www.investopedia.com/terms/p/performance-management.asp