District of Columbia 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

SMART goals, meaning specific, measurable, achievable, relevant, and time-bound, create a system to track and measure progress, which helps promote employee and organizational success.

So, what's the purpose and key components of an effective performance review process? The purpose of reviews is two-fold: an accurate and actionable evaluation of performance, and then development of that person's skills in line with job tasks.

When it comes to business performance objectives you're likely aware that efficiency and productivity are crucial. But how do you successfully achieve these? The key to having good all-round performance is five performance objectives: quality, speed, dependability, flexibility and cost.

How to set performance objectives Collaborate with employees. ... Align your objectives with your company mission. ... Focus on growth. ... Make your performance objectives SMART. ... Build cascading goals.

In order for a company to be successful, it's important for employees to work towards the same goals. Setting performance goals helps achieve this by giving employees specific targets to aim for. To make sure these goals are effective, they should be clear, achievable, relevant, and have a deadline for completion.

1407.1 S.M.A.R.T Goals are a type of performance expectation that consists of goals that are ?Specific, Measurable, Attainable, Realistic, and Time-Related.? A Performance Plan shall include at least three (3) and not more than five (5) S.M.A.R.T Goals.

Defining good performance objectives Specific: Set clear expectations?as specific as possible. This keeps people focused on exactly what you need from them. Measurable: Make items as quantifiable as you can. If the objective can be defined using numbers, do so.

For example, for a wider performance objective of increasing the company's average deal size by 10% in the next 12 months, you might set individual targets as part of each sales rep's OKRs to close at least three deals worth $X over the next quarter.

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District of Columbia Approval of Performance Goal