Implement a holistic performance management system to continuously evaluate and develop employees' skills, aligning them with company goals, improving productivity and job satisfaction, leading to increased employee value.
Type: Fill Checklist
This step involves identifying and establishing quantitative measures to assess the progress of projects or operations within the organization. The goal is to determine what key indicators will be used to measure success, such as sales revenue, customer satisfaction ratings, or production output levels. Defining performance metrics helps in setting clear targets and expectations for various departments, enabling them to focus on areas that require improvement. It also facilitates the tracking of progress towards these objectives, allowing for adjustments to be made as necessary. The established metrics should be specific, measurable, achievable, relevant, and time-bound (SMART), ensuring they are actionable and provide a clear direction for employees at all levels within the organization.
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