Individual Performance Objective Setting Agreement template
Value bundles that include this:
Our Individual Performance Objective Setting Agreement template facilitates setting clear, measurable goals, enhancing accountability and alignment with organisational objectives.
Why this template is necessary
The Individual Performance Objective Setting Agreement is designed to facilitate the establishment of clear and measurable goals for employees. It provides a structured framework for managers and employees to collaboratively define performance objectives aligned with organisational priorities and individual development needs.
This template enables organisations to enhance employee performance by setting SMART (Specific, Measurable, Achievable, Relevant, Time-bound) objectives that serve as benchmarks for evaluation and feedback.
By outlining expectations and aligning individual goals with broader organisational objectives, it promotes accountability, motivation, and productivity in the workplace.
Compliance notes
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Alignment with Organisational Goals: Ensure that performance objectives are aligned with the overall goals and objectives of the organisation to drive strategic outcomes.
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SMART Criteria: Utilise the SMART (Specific, Measurable, Achievable, Relevant, Time-bound) criteria when setting objectives to ensure they are clear, achievable, and measurable.
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Regular Monitoring and Feedback: Establish a system for regular monitoring of progress towards objectives and provide constructive feedback to employees to support their development and performance improvement.
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Flexibility and Adaptability: Maintain flexibility in the objective-setting process to allow for adjustments based on changing circumstances, priorities, or individual development needs.
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Development Focus: Incorporate opportunities for skill development, learning, and growth within performance objectives to support employee development and career progression.
Specifications
5 mins
273 words, 2 pages A4
1 November 2024
Individual Performance Objective Setting Agreement
Employee Name: [Insert Employee Name]
Position/Job Title: [Insert Employee Position/Job Title]
Department: [Insert Department Name]
Review Period: [Insert Review Period, e.g., Quarterly, Semi-Annually, Annually]
1. Objective Title:
[Insert Title of the Performance Objective]
2. Objective Description:
[Describe the objective in detail, including the desired outcomes and its relevance to the employee's role and the organisation's goals]
3. Key Result Areas (KRAs):
- [KRA 1]
- [Specific tasks or responsibilities related to KRA 1]
- [Measurable targets or outcomes]
- [KRA 2]
- [Specific tasks or responsibilities related to KRA 2]
- [Measurable targets or outcomes]
- [KRA 3]
- [Specific tasks or responsibilities related to KRA 3]
- [Measurable targets or outcomes]
4. Metrics for Evaluation:
[List specific metrics or Key Performance Indicators (KPIs) that will be used to measure progress and success towards each key result area]
5. Timeline:
[Specify the timeframe for achieving the objective, e.g., Quarterly, Semi-Annually, Annually]
6. Resources Required:
[List any resources, support, or training needed to accomplish the objective]
7. Action Plan:
[Outline the steps or actions required to reach the objective, including milestones and deadlines]
Employee Acknowledgment:
I acknowledge that I have reviewed and understand the performance objectives outlined in this template. I am committed to achieving these objectives to the best of my abilities and will actively work towards their accomplishment during the specified review period.
Employee Signature: ___________________________
Date: ___________________________
Manager's Approval:
I have reviewed and approved the performance objectives outlined in this template. I will provide necessary support and guidance to help the employee achieve these objectives and will conduct regular performance reviews to assess progress.
Manager's Signature: ___________________________
Date: ___________________________
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