Archived Publications Ebook: Using Goal Setting and Performance Manageme | Page 7

BEYOND HR: IT’S EVERYONE’S JOURNEY Performance Management and Goal Setting are not the sole responsibility of Human Resources. It requires the commitment of leadership to ongoing employee development, goal setting, and regular feedback. In fact, trends across the nation reflect that performance management is no longer an annual activity, but one that is ongoing through regular communication and feedback sessions. Research says that 80% of millennials say they prefer ongoing feedback instead of a formal one time per year approach. At HealthStream, we believe that Performance Management is a critical element of your overall Talent Management strategy. Performance management ensures that the right people at the right levels are equipped to achieve optimal performance outcomes. Challenge Questions: 1. Are your performance management practices designed to achieve performance results vs. optimize a performance review process? 2. Do you have systems of accountability to reward high achievers and coach up solid and under achievers? 3. Is a coaching culture in place to create accountability? 4. Can a leader get a good evaluation but not achieve goals? 5. Can a leader who achieves goals but does not live the values get a good evaluation? WHERE RUBBER MEETS THE ROAD The map guiding us toward the destination must be accurate. To further close the gap between organizational goal setting and performance, leadership must focus on the following topics: • Goal setting and cascading goals • Creating an optimal framework • Individual participation & accountability HealthStream.com/contact • 800.521.0574 •  HealthStream.com/contact  • 800.521.0574 • 7 4