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Objective Setting FY18/19 September 2018 Organisation Development
People Team
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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.
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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
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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)
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