Setting Of Targets & Objectives

Here a very clear question arises – what is, in fact, the best result? How can it be measured? How can it be evaluated?

Practically speaking, when we are inside the organization and bogged down in its day-to-day realities, we can’t always quantify the goals and targets, we can’t always define what the desired results should be.

WE, COMPVISION, PROVIDE YOU THE OBJECTIVE &PROFESSIONAL PERSPECTIVE FOR SETTING THE DESIRED GOALS AND RESULTS. WE OFFER A COMPLETE, END-TO-END PROCESS, AT THE END OF WHICH YOU WILL BE RECEIVING THE FOLLOWING OUTPUTS:

  • Definition of the organizational and personal succes
  • A set of objectives and targets for the organization – at the entire company level, at the unit level and at the individual manager level
  • A set of organizational "clocks" (dashboards) - reflecting where we are relative to the goals we have set, at the organizational level and at the individual level
  • A methodology for constructing objectives and targets – quantitative and qualitative
  • Practical tools for implementing the methodology and process
  • Linking of the set of objectives and targets to performance-based remuneration plans

WHO IS THIS PROCESS INTENDED FOR?

The process assists the Compensation Committee of the Board, the CEO, management and each and every manager and employee in the organization, provided they are  committed to results, performance and continual improvement. It provides a clear mirror and precise criteria for reviewing performance within the company, for specifying practicable targets and success measures.

1

Client’s  profile review, review of the business  strategy, targets, challenges, company culture, and organizational structure.

2

Selection of the specific methodology for determining the objectives and targets, such as BSC (Balanced Scorecard) or MBO (Management by Objectives),or any other method suitable for the organization.

3

Selection of a set of measures (KPI’s – Key Performance Indicators) for the entire organization and for each one of the relevant units and functions.

4

Determining the method of measurement, definition of the scales and success matrix for quantitative and qualitative objectives.

5

Building the tools that will serve the organization for operating the selected method.

6

Supporting the managers in building the specific objectives  and targets.

7

Building an “operation tool” for the process – this is a file enables the organization to implement the method independently after we have completed the process.

8

Active implementation of the program: an optional service, consisting of assuming overall responsibility for operating the initiative.