Oklahoma Approval of Performance Goal

State:
Multi-State
Control #:
US-CC-15-103
Format:
Word; 
Rich Text
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Description

This is an Approval of Performance Goal, to be used across the United States. It is a performance-based compensation goal for all Employees and Officers of a corporation. If one's performance meets the required goal mark, then he/she receives some type of extra compensation for that work.
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FAQ

How To Set Performance Goals Specific. A performance goal should be specific without any space for ambiguity. Measurable. A performance goal should be measurable so that it would be clear whether it was met or not. ... Achievable. ... Relevant. ... Time-bound.

Using SMART employee performance goals Specific - Clearly defines the outcome and owner. Measurable - Specifies milestones, key results, and a measure of success. Ambitious (yet attainable!) ... Relevant - Aligns with broader priorities. Time-bound - Sets a clear deadline and milestone dates.

Performance goals are short-term targets that employees are expected to meet. Defining goals helps employees understand what kind of work is expected from them or their positions. It also helps employers to evaluate and guide employees in the right way.

You can use the SMART method of setting goals to ensure that employee performance goals are specific, measurable, achievable, relevant and time-bound. Each goal should clearly tell the employees what they are expected to achieve and within what time frame.

All five component processes (i.e., planning, monitoring, developing, rating, rewarding) work together and support each other, resulting in natural, effective performance management. Effective employee performance management encompasses the five key components presented above.

3 SMART Employee Performance Goal Examples Increase daily sales calls by 20% by the end of the month. Lead the charge for producing a social media strategy for the next quarter. Extend professional network by attending a conference this year.

Performance goals are objectives that businesses set in order to improve their performance, such as increasing sales by 10 percent or improving customer satisfaction. Performance goals help businesses measure where a business is compared to where it wants to be and can help bridge the gap between the two.

Performance goals can highlight improvements to make, actions to take and expertise to develop to increase efficiency and achieve the desired outcomes. Performance goals may also be personal initiatives set by employees to boost their productivity and improve their job performance.

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Oklahoma Approval of Performance Goal