what is evaluation by objectives?
Evaluation by objectives, also known as management by objectives (MBO), is a performance management approach that focuses on setting specific goals and targets for employees or teams to achieve within a specific time frame. It involves clearly defining objectives, establishing measurable performance indicators, and evaluating performance based on the achievement of these objectives.
To understand evaluation by objectives, here's how you can break it down:
1. Define objectives: Begin by clearly defining the objectives that need to be accomplished. These objectives should be specific, achievable, and aligned with the overall goals of the organization.
2. Establish measurable indicators: Once the objectives are defined, establish measurable indicators or key performance indicators (KPIs) that can be used to track progress and measure success. These indicators should be quantifiable and easily measurable.
3. Set targets and deadlines: Determine the targets or benchmarks that need to be achieved and set specific deadlines for accomplishing them. This creates a sense of urgency and provides a timeline for the evaluation process.
4. Align individual goals: Cascade the objectives down to individuals or teams within the organization, aligning them with their individual roles and responsibilities. This ensures that everyone is working towards the same overarching objectives.
5. Regularly monitor progress: Continuously monitor progress against the established objectives and targets. This can be done through regular check-ins, progress reports, or performance review meetings.
6. Provide feedback and guidance: Along the way, provide feedback and guidance to employees or teams on how they are performing and what adjustments may be necessary to achieve the desired results. This helps in keeping employees motivated and focused on their objectives.
7. Evaluate and appraise performance: At the end of the evaluation period, assess the actual performance against the set objectives and indicators. Evaluate whether the objectives were achieved, partially achieved, or not achieved. This evaluation helps in identifying areas of success and areas that need improvement.
8. Provide rewards and recognition: Finally, based on the evaluation results, provide rewards and recognition to those who have successfully achieved their objectives. This helps in reinforcing positive performance and motivating employees for future goals.
Overall, evaluation by objectives provides a structured and measurable approach to performance management, ensuring that employees are aligned with organizational goals and held accountable for their performance.