• Adapts to a changing world because it’s easy to update, and gives the team a common goal.
• Focuses efforts and helps people coordinate to reach the main goal.
• It increases transparency and communication within the company and between departments.

Job Description Goals
Project Goals
Behavioral Goals
Stretch Goals

A great performance management software makes goal setting and tracking efficient and easy. It would streamline productivity, alignment, and communication.

• Objectives & Key Results
• OKR's are Measurable
•OKR's are publicly available to the entire company.

Lack of Differentiation
Recency Effect
Halo/Horns Effect
Personal Bias/Favoritism
Inaccurate information/preparation

Eden Workplace, BambooHR, Perform Yard, Performance Pro, and Clear Company.

Long term

Lack of top management support
Perception of the process as time-consuming "busywork"
Failure to communicate
Lack of Consistency

Continually monitor performance while also giving employees real time feedback and support.

• The organization can aim for the wrong thing.
• Can be used as a “to do list” for metrics that don’t matter to the success of the company
• It's not as effective if it's not embraced by the whole company (not just leadership)
• It can take a long time to implement into the company (a year or more)

No

It is driven by business needs, not imposed by HR.

A strategic planning and management system for intangible goals.

Frequently, as close to real time as possible

It focuses on developing people rather than focusing on under-performers.