Align Employee and Corporate Goals in 2019
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Ever look at your team and wonder why they’re wasting time on non-critical tasks? Though you need everyone focused on the right priorities, too often employees misunderstand corporate goals and processes. Or worse yet—they forget to follow your well-crafted compliance policies altogether. Left unaddressed, these present both financial and regulatory risks that could easily cripple your business. Here’s how to get your staff working as a cohesive team, fully compliant—and aligned with your corporate goals.
Train Employees to Align on Corporate Goals
The most recent Deloitte University Press study of employers found only 24% thought they were excellent at “aligning employee and personal goals with corporate purpose.” Yet, 78% of businesses say it’s “important or critical” that learning strategy is connected to business goals. If this sounds like you, then taking a hard look at the structure of your employee training is the first step. From a technology perspective, this includes evaluating the need for a learning management system—or LMS—if you don’t already have one. From a strategy perspective, you’ll need to identify your corporate, department and leadership goals, then cascade them throughout your organization in meaningful and specific ways. This will ensure that staff time is spent on activities that elevate both short and long-term business objectives. Here are specific areas you should be targeting with your training strategy:How to Align Individual and Corporate Goals
- Link L&D objectives to department goals
- Link L&D objectives to individual performance reviews
- Align L&D objectives with the needs of key business stakeholders
- Use a cascading set of goals that link corporate objectives to L&D objectives
- Identify competency and skills gaps, then align L&D objectives to address them
Expect Measurable Benefits from Employee Alignment
The above alignment takes a lot of work, which is why many businesses don’t bother. But according to Training Industry, you have a lot to gain by ensuring the work your staff does throughout the year is actually driving towards identified business goals:- Increased employee productivity
- Higher ROI on training investments
- Decreases in staff errors, mistakes and conflicts
- Better resource utilization