2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Management by objectives can be called a philosophy. Using this tool, it is possible to successfully implement strategic plans by focusing personnel on achieving specific and measurable results. Management by objectives allows you to develop the company's ability to determine its future, and not take action, depending on what is happening in the current time. It complements the traditional planning system with individual responsibility and financial incentives. This philosophy combines several management functions into a complex. Among them: planning, evaluation and motivation of employees, control.
Management by objectives implies a connection between the achievement of results in the area of one's responsibility and the amount of remuneration. This approach allows the company's employees to realize what the company needs to achieve, and therefore allows them to more effectively perform their tasks. Management by objectives provides more reliable feedback in the management system of the organization, creates an objective basis for monitoring and material incentives for its participants. With this tool, you can plan more accuratelyhuman resource needs. The method of management by objectives helps to improve mutual understanding between management and subordinates. It also gives the second one the opportunity to get more powers, to take the initiative more often.
This tool allows you to comprehensively achieve goals and solve the problems of personnel management in an organization. Its essence lies in the development and implementation of a system that permeates all levels of the company. Its elements are goals and objectives (both for the entire organization as a whole and for its individual employees). For this, the principles of decomposition and cascading are applied. The goals are first determined at the highest level, then they are divided and descended in the form of specific instructions below (to departments and specific employees). At the same time, each employee in the process of dialogue must understand what the organization needs to achieve (and what its task is). Goals are developed according to the already widely known SMART principle.
Key performance indicators are the main elements of such a system. Their purpose is to measure the effectiveness (efficiency) of employees, functions or processes according to selected criteria. The optimal number of KPIs for an employee is 3-7 indicators. Priority is determined by their weights. They are visualized in the form of a SMART card. Its other name is KPI map.
The result required from an employee's activity is most often set at three levels (target, lower and upper). From thisdepends on the specific amount of the employee's remuneration. The map or part of its indicators is developed by the manager for his subordinates (direct and functional). Human Resources provides administration of this process, which results in rewards for achieving good KPIs. Cards are developed in two copies (one is issued to the employee, the second is kept by the manager until the results are summed up). It is worth noting that such a system allows you to effectively work out those goals and tasks of personnel management that are the most significant.
Recommended:
Management process - description, objectives, functions and definition
All enterprise systems have their own organizational structure, thanks to which there is a management process. Every person who has chosen a career as a manager and wants to achieve high performance in it needs to know about management processes
Horizontal division of labor is The levels of management in the organization, the concept of goals and objectives
For the efficiency of the enterprise, horizontal and vertical division of labor is used in management. It provides for the detailing of the production process and the distribution of powers between managers of different levels. In order to improve the performance of the company, it is necessary to know the principles of the division of labor, as well as correctly determine the goals and objectives of the organization
Innovation management: essence, organization, development, methods, goals and objectives
Since the birth of the concept of management and its theoretical schools in business, the following trend has been observed: any successful entrepreneur has achieved success by releasing such a product that no one has offered before him. It is an exceptional and unique product that solves human problems and provides a reason for emulation. Activities for the introduction of new products are called "innovation management"
Management in information technology: concept, goals and objectives
The article discusses management in information technology, pays attention to its various areas and features of practical application
Professional standard "Specialist in personnel management". The objectives of the introduction of the standard, labor functions, qualification levels
A professional standard is a special document containing descriptions and characteristics of all positions in any one work area. This article will discuss the professional standard of personnel management specialists
