Individual Performance Planning

In today's rapidly changing and growing marketplace, it is clear that companies will only be successful in the long term if every individual uses all of their strengths and responsibility, has a common direction of vision and effort, is able to support and establish team work, and combines their personal goals with the goals of the company. In a knowledge-based organization, everyone is the expert in their own area, and each person controls their own work by monitoring their own results and objectives. Managers of course have an opinion, but they have their own work to do and they are generally not close enough to the day-to-day work of their staff to be totally informed about the specific actions their teams need to take.

The Waterville Consulting Group can help companies manage this ambiguity through Individual Performance Planning Process.

Once senior management identifies the strategic direction of the company, managers set priorities based on what to do and what not to do to keep the company focused on meeting customer expectations. This clarifies for employees what objectives they should accomplish so they can support the overall team and corporate objectives. After understanding what must be done, the individual develops their own objectives taking into account the strategic direction of the company, team collaboration, and their own individual talents, education, expertise, values and development needs. The progress of attaining these objectives is monitored through management systems so necessary adjustments to the plan can be made quickly and effectively. And, rewards and consequences are established so those who achieve the objectives and add value to the company, that is, they meet customer expectations, are compensated fairly.

The Individual Performance Planning process ensures that everyone in the company is doing only and exactly what they need to do to support the strategic business goals of the company.