Goal setting is an extremely important factor in boosting employee motivation and performance. It helps employees in mapping their accomplishments and motivates them to work harder to reach the next level. Goal setting is an important tool for businesses in achieving greater revenue and profitability and developing employee skills. It helps bring out the hidden talent and creativity of the employees.
There are various benefits that can be derived out of goal setting, such as a healthy competitive environment in the organization and remain competitive in the marketplace. The biggest advantage of goal setting is that employees know what is expected of them and they are aware of the rewards that await them upon completion of a project and this helps them in remaining disciplined and focused.
The best goals are easily attainable, mapped, include a certain time-frame and are specific. Goal setting helps improve the productivity, efficiency and even adds to the overall development of the employees.