You may already set goals at an employee level within the system as part of your approach to performance management, but how many of your employees know what your overall company goal is? Or how the company is performing against its goal at a given point in time?
To help address the disconnect which can sometimes arise between an individual's goal and how this fits in with what the company is striving for overall, we've added Company targets into the Enterprise version of Natural HR.
Company targets can be added via:
Administration > HR > Company targets
Select Add to create a new company target. You will be presented with a form where you can add all the necessary information.
Target name - a SMART company target
Description - if you'd like to add further content around this goal to display to employees you can enter it here or leave this field blank
Target type - company targets can be one of 3 options:
1. Financial e.g. to achieve £X revenue by the end of 2018
2. KPI - lower is better e.g. to operate below a given threshold
3. KPI - higher is better e.g to a specific customer satisfaction score
Start value - where are you at the time of setting the goal? E.g. 0 or X amount of revenue if you're partway through your financial year
End value - what are you trying to achieve by the end of the year/ target period?
You now have a range from where you're starting to what you're aiming for.
Current target - you might be in the same position as to where you're starting for a new goal, or you might have a financial budget which says based on the current month you should be achieving a given amount of revenue
Current actual - how are you actually performing against your target/budget forecast today? This is where the transparency comes in as you'll be sharing with employees whether you’re under or over where you were projecting to be at this snapshot.
Currency - will appear for Financial targets to select and display your currency. Please do not enter any currency symbols against the numbers in the above fields.
Departments and Sites - company targets are visible to all employees on the homepage of their self-service account unless you'd like to restrict access and make use of this feature for departmental or site level targets. To restrict access, remove the departments or sites which should not see the target
Active - Yes/No - this final field is what controls whether or not the company target is displayed to employees. If set to now, you'll be able to view and edit the inactive company target by clicking the "Archived company targets" button below your table of active targets.
You also have the option to archive and bulk archive company targets if required.
To archive, one or more targets, select the checkbox next to the target name and select the bulk Options menu at the bottom right of the list.
Here, you can select Archive. This will immediately more the target to the Company Targets page which can be accessed by clicking the archived Company Targets button, next to Add.
Here's an example of 2 company targets. These will display in employee self-service accounts, below their photo and time off donut:
Once in use, company targets should be updated regularly to keep employees updated on progress. Internally, we do this on the 1st of every month, or next business day if the 1st falls on a weekend.