Performance And Continuous Evaluation

PROCESS–OVERVIEW

Goal Setting Goal Approval Goal Check-in Mid Year Review Self Review Final Review
by Self By L1 (Reporting By Self
Manager)

You can update status of

achievement at any point
of time
Real time tracking of
goals
How to set a Goal

Specific — Focused on a key outcome

S
Measurable — Quantifiable or verifiable, so that it is clear
M whether the objective has been accomplished or not

Attainable — Within control and limited so that it can be

A accomplished with reasonable effort

Relevant — Important to the role and to the function or

R department

T Time Bound - Achievable within a specified time period

Goal composition (OKR)

✓ OBJECTIVES

✓ KEY RESULT

✓ MEASUREMENT TYPE
✓ TARGET
OKR – Meaning and Importance

✓ OBJECTIVES
✓ Similar to KRA
✓ Its the focus area that an individual or team should aim to achieve in a particular timeframe.
✓ Objective defines the roadmap to achieve your strategy.
✓ It is a statement that should be ambitious, and you should feel somewhat uncomfortable in
achieving it.
✓ Align Objectives with company priorities
✓ If it is long and missing brevity, they will always confuse you and others who will look at it. Make
them short, clear and easily understandable.
OKR – Meaning and Importance

✓ Key Result
✓ Similar to KPI
✓ Outcomes required to achieve the desired result of Goal.
✓ Lead & lag indicators of success for Goal
✓ Key Result will also require Measurement Type and Target Value (if applicable) to be mentioned.
✓ Clear visibility on targets and achievement of each objectives
✓ Achievement can be updated throughout the year
✓ Better comparison and visibility on low and high performers.
✓ Increase employees’ productivity
OKRs in My Space

❑ You Can set Min 3 and Maximum 10 Objectives

❑ Minimum Weightage for an Objective is 05 and Maximum 40

No of Outcome
Objectives Weightage
Objectives Key Results
Outcome
Key Result 1 Objectives No Weightage
Key Results
1 Objective 1 Key Result 2 3
Loss Reduction 1 LT Sales Gap Reduction 30
Key Result 3 Max No of Key
Results per DOE detection(KW)
Key Result 4
2 Objective 2 objective 2 in Very High loss & high 30
Key Result 5
loss transformers
3 Objective 3 Key Result 6
3 Total Recovery 40
4 Objective 4 Key Result 7
Min :- 5 100
Key Result 8
5 Objective 5 Max :-40
Key Result 9
6 Objective 6 Key Result 10
7 Objective 7 Key Result 11
8 Objective 8 100 Key Result 12
9 Objective 9 Key Result 13
Key Result 14
10 Objective 10
Key Result 15
• Visit: torrentgroup.peoplestrong.com
 Step 1
Click on Performance

Step 2:-
Click on
Create New Objective
 Step 3:- Enter Objective Name - KRA

Choosing best material from good vendor at lowest cost and time

Step 4:- You may add objective description

Choosing the best By using Cost analysis, market intelligence, multiple vendors, economy of scale etc.

Step 5:- Assign Weightage

Next Step- Add Outcome of the Objective (KPI)… Lets move on..
 Add Key Result Area

Avg % Reduction in quoted price

Assign Weightage to Key Result

Select any one of them…

Measurement Types
Progress Boolean Metric - Atleast
100% 100% 100%

80% 80% 50%

60% 60%
0%
40%
40% 1 2 3 4 5 6 7 8 9
20% -50%
20%
0%
0% -100%
Yes No
100%
10%
20%
30%
40%
50%
60%
70%
80%
90%

Start Value – 4, Target Value - 9

SELECT WHEN YOU HAVE TO ACHIEVE A

WHEN OUTCOME IS WHEN OUTCOME IS NUMBER
SUBJECTIVE IN NATURE – DETERMINED ON DONE / This will have start and target value, and
anything achieved less than target value will
NOT DONE – YES or NO show decreasing progress. Anything achieved
Measured on 100% Scale less than start value will show negative
decreasing progress.
Measurement Types
Metric - Atmost Metric - Downward Metric – In Range
120% 160%
120%
100% 140%
100%
120%
80% 80%
100%
60% 60%
80%
40% 40%
60%
20% 40% 20%

0% 20% 0%
1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9
0%
Start Value – 4, Target Value - 9 -20% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Start Value – 4, Target Value - 9
-40%
Target Value – 4

SELECT WHEN YOU HAVE TO SELECT WHEN YOU HAVE TO SELECT WHEN YOU HAVE TO
ACHIEVE A NUMBER ACHIEVE A NUMBER ACHIEVE A NUMBER
This will have start and target value, and This means lesser the value better will be Anything achieved between start value &
anything achieved less than start value the progress. Shows negative % as well target value will be considered as 100%
will show 0% progress. (No Negative %) success, otherwise 0%
Goal Setting – Suggestive Key Results & Measurements

▪ Compliance to SOPs / Providing solutions Progress

▪ Accuracy / Quality of drafting or work done Progress

▪ Completed before due date Boolean
▪ TAT / within a defined no. of days (when lower is better) Metric - Downward
▪ TAT / Within a defined no. of days (irrespective of when its
Metric – In Range
completed as far as its within target)
▪ No. of complaints received / No. of errors Metric - Downward

▪ Attrition % Metric - Downward

▪ Savings in Cost (Rs.) Metric – Atleast / Atmost

▪ Increase in no. of vendors / No. of successful developments done Metric – Atleast / Atmost

This is just an indicative measurement against the key results. You may use different measurement depending on your profile.
Once Can add Multiple key Results by Clicking

This will save your OKR in Draft

Send Goals for an Approval

Send the goal for Approval

Awaiting Approval Stage
Approval on Goal Setting by L1
Goal Approval by Manager
Click over EYE icon
Click over Approve or
Reject Button
Click for Bulk Approval
Employee’s screen
Check-in Process
Why to Check-in

• Added feature for benefit of employees

• To document as and when there is an update on achievement – you don’t need to remember
later

• Helps you keep track and think on forward path

• You can see your progress on Key result as well as on your Objectives

• Facility to upload supporting / backup documents as an attachment

• Will help you during annual appraisal discussions

 Step 1
Click on Performance

Step 2:-
Click on
My Objectives
Click Down Arrow
Click over checkin
Enter Check in Value
Employee Can view overall progress against each goal
Thank
you