Missed year’s target? A good quarter may help
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Missed year’s target? A good quarter may help
Namrata Singh / TNN / Updated: Mar 1, 2021, 08:04 IST
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MUMBAI: Companies are likely to junk strict annual targets this appraisal season and may favour a more dynamic approach, giving managers the freedom to revisit goals periodically as businesses and the economy recover from the impact of Covid.
Many companies had to adjust business targets to account for an unusual year. While performance appraisals will remain transparent and largely target-oriented, what’s changed this year other than the process going virtual is that it has become more flexible and personal development-oriented.
Given that many organisations plan to have work-from-home this year as well, the major changes in the process are the evaluation parameters and appraisal outlook, where organisations are more outcome-focused than the number of working hours clocked in.