Objective Setting FY18/19 September 2018 Organisation Development People Team

Objective Setting Approach With an increased emphasis on personal contribution, there is need to continue defining expectations for performance and objectives in FY18/19. Our approach to Objective Setting is designed to ensure: We have balanced objectives All colleagues will have one personal objective All colleagues will have an objectives they will work on with their teams Colleagues only have a maximum of 5 objectives annually Objectives (3+1+1): all objectives need to be stretching and outcome focused. 3 business related objectives 1 personal objective - value or behaviour based (ideally linked to collaboration) 1 team linked objective - functional deliverable to support revenue growth Performance will be assessed by the delivery of these 5 objectives (what) and the values (how) that have been demonstrated throughout the year.

What do we mean by collaboration? Collaboration is working with colleagues other than those in your immediate team who have different experiences and expertise to help accomplish a common goal. Collaboration allows colleagues to learn from each other, solve problems, take a bigger picture view and break down barriers. Collaboration benefits the business because taking a more holistic view rather than a single functional perspective alone, increases efficiency and performance. How to practice Collaboration: Collaboration is not: Get involved with someone else’s project (outside of your current role/team) to help you understand how Collaboration works (routines, tools and processes) Work on your network – building relationships with people outside of your immediate area, utilise people you know in the enabling functions (they have a wider network across the organisation) Don’t stretch yourself too thin, be selective about the projects you get involved in/initiate A leadership style Teamwork Cooperation/coordination An opportunity to promote your own agenda

Objectives (What?) Objective Type Objective Detail Key Measures Timeline Function Objective (1): (stretching and outcome focused) Function Objective (2): Function Objective (3): Personal Development: (linked to Collaboration) Team: (inked to Revenue Growth for your function)