As leaders and administrators, you can use 15Five to drive your company's Objectives forward. This article shares some best practices on managing your company's goals (aka objectives) in 15Five.
Two ways to set goals
Priorities and Objectives can both be used to set goals in 15Five. Priorities are short-term goals or tasks that follow the cadence of 15Five reporting. The Objectives feature in 15Five uses the OKR (Objectives and Key Results) Methodology which is a framework for defining and tracking business objectives and their outcomes. Objectives are long term goals. In 15Five you can have company wide, department, individual, and self-development objectives. For more information on the Objectives and Key Results methodology please see Methodology Explained: ORKs from our Success Center and OKR Methodology from our Science pages.
The value of company-wide goals
Company Objectives are instrumental for prioritizing focus areas, directing attention, and ensuring that everyone is aligned and motivated by contributing to something greater than the self. Provide context and purpose by setting company-wide objectives at the beginning of every quarter, so the work individuals perform and goals they pursue can align with the purpose and goals of their team and organization. Talk about your company's quarterly objectives at an all hands meeting at the beginning of each quarter. Be clear about your company's top priorities and communicate them. Sharing your company wide goals from the start is a valuable opportunity to increase performance, engagement, and motivation in your employees.
How to effectively set goals throughout your organization
Top leadership should set quarterly company-wide objectives first. CEO’s are encouraged to set and prioritize a limited 3 to 5 key priorities and company objectives. Employees and organizations who choose a few key priorities and channel tremendous effort into doing exceptional work in those areas greatly outperform those who overextend themselves. Fit objectives into your company's vision, mission, and values to motivate your company with purpose. Then team leaders should create nested department level objectives that support company wide goals. Finally, employees should align their individual objectives with the department and company objectives or own key results of department objectives (see: collaborative objectives). 15Five’s Align Objectives feature allows for direction setting and alignment across all levels.
15Five makes it easy to track progress on goals. This way the “set it, and forget it” habit that so often happens with goal setting, is a thing of the past. Leaders and administrators are encouraged to go over objective progress at all hands meetings. Let your people know highlights and lowlights regarding progress toward your company's goals. You can also pull custom reports on Priorities to get clear on tasks that your team members are working on. Priorities are employee driven to do lists, and you can run a report on them to see what percent of tasks are getting completed, perhaps giving you an indicator to step in or a reason to celebrate. For longer term goal tracking, report on Objectives to see the progress your people are making on their bigger goals.