For a manager, setting performance goals is the tool of alchemy – turning regular employee productivity into solid gold.
I’ve written a lot about Key Performance Indicators (KPI) in the past and how they’re a powerful tool for setting up virtual employee success.
They allow you, as a manager, to identify the indicators that are most valuable to you and to your business.
When you communicate those indicators to your virtual employee and make sure they’re being met, you secure the value of your labor dollars.
Really, if there’s only one management strategy you use, it should be KPI.
But even when you set and manage KPIs, there’s another step to elevate your virtual employee into higher achievement levels – setting performance goals.
According to the McKinsey organization blog, setting performance goals directly benefits the employee –
“Encouraging employees to set performance goals helps push performance and serves as a motivator for ongoing development.”
And also benefits the business –
“Goal-setting can help improve employee engagement in a way which elevates performance and benefits organizations overall.”
Not every employee will want to set high reaching goals – they may not have the time or energy to invest more of themselves in their jobs.
That’s fine, they can continue to meet their performance indicators and stay in that lane of steady, solid performance.
But, maybe you have a virtual employee (VE) who seems excited by the opportunity to learn new skills, take on additional responsibility and improve her position by helping to grow your business?
This person has the potential for solid gold employee performance using the alchemical power of setting goals.
Harvard Business Review offers four helpful approaches to setting goals that supercharge employee performance:
- Connect employee goals to larger company goals
- Show employees that you are their partner in achieving their goals
- Make sure employee personal ambitions and interests are included whenever possible
- Communicate specific benefits associated with goal achievement
Now, Harvard is fancy and all that, but we’ve helped our clients improve virtual employee performance through goal setting for years.