At this time of the year, many employers start to evaluate their mid-year targets in order to determine whether or not they’re on track to meet their annual goals.
Yet sometimes evaluating your company’s progress is more difficult than it looks. Moreover, if you notice that you’re falling behind, motivating your team to work harder and reach your goals is often an additional challenge.
Here are a few tried and true strategies to perform an easy and effective semi-annual review.
Determine Your Key Accomplishments Thus Far.
Always start with the good news. Review your company’s year and start to pull out the key things that you’ve accomplished since January 2013. Consider your revenue targets, new business prospects, new projects, workforce growth, etc. Identify where you really excelled and the reasons behind each success. This will help you get a good sense of what areas are fully on track and moving in the right direction in terms of meeting annual goals.
Reinforce Positive Practices.
Once you’ve determined your company’s key accomplishments over the last 6 months, be sure to put all the pieces in place to ensure that these positive practices continue. Communicate with your management team. Reward successful employees for a job well done. The more encouragement that you give out, the more likely it is that your team will continue working hard for you.
Look at Any Mistakes that Were Made.
Now for the harder part. Begin evaluating areas of your company where things seem to have slipped and/or where it looks unlikely that you’ll meet your annual goals. Try to understand what has caused the mistakes and who and/or what might be responsible. While annual goals are often treated as moving targets, you want to be an organization that sticks to its plans. Even if you’ve made some mistakes in the first half of the year that certainly doesn’t mean that you can’t bounce back from now until December.
Communicate Your Findings.
Let your team know what you’ve discovered during your review. You might even want to consider publishing a quick document to distribute—particularly among your management team. If you’re on track, the review will motivate your team to continue down the path that they’re on. Alternately, if you’re falling behind, the review will ideally light the fire under them to pick up the slack.
For more information on conducting a mid-year review, Contact PrideStaff North Atlanta Today. We would be happy to discuss any additional ways to reach your annual goals.