Perform & Engage 365 users on the Momentum package can benefit from the platform's goal-setting tools (using OKR or SMART goal frameworks).
Goal-setting is a powerful tool for achieving success and increasing overall satisfaction and well-being, as shown by these stattistics:
1. Goal setting and achievement:
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- People who set clear goals are 33% more likely to achieve them than those who don't set specific goals. (Source: Dominican University of California, Gail Matthews Study)
2. Business and career success:
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- 72% of employees in a selection of top US companies do not have up-to-date goals.
- 14% have a plan in mind but are unwritten goals.
- 13% have written goals but don't review them regularly.
- 1% have clear, written goals with plans and review them regularly.
- The latter 1% achieves more than the other 99% combined. (Source: Harvard MBA Study on Goal Setting)
3. SMART goals:
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- Goals that are specific, measurable, achievable, relevant, and time-bound (SMART) are more likely to be achieved. SMART goals are 42% more likely to be achieved than non-SMART goals. (Source: American Society of Training and Development)
- 87% of employees who regularly set and track progress against their SMART goals feel more fulfilled in their roles and are more likely to see a clear path for career advancement. (Source: Harvard Business Review)
4. OKRs:
- 70% of organisations that use OKRs report achieving 80% or more of their most important goals. (Source: OKR.org)
- OKRs help teams and individuals align their efforts with the company's strategic priorities. In a study by McKinsey, 90% of respondents said that OKRs helped their organisations to prioritise work effectively. (Source: McKinsey & Company)
- OKRs promote transparency and accountability within organisations. When asked, 79% of employees in companies using OKRs said that they understood how their work contributed to the company's goals. (Source: Workboard)
4. Goal setting and happiness:
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- Setting and pursuing goals can increase a person's sense of well-being and happiness. People who set and work towards meaningful goals tend to be happier and more satisfied with their lives. (Source: Psychological Science)
5. Goal setting and engagement:
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- In the workplace, 70% of employees say they're more engaged when they can set their own work-related goals. (Source: Gallup)
- Employees who have clear, written goals are three times more likely to be engaged than those who don't. (Source: Gallup)
- Companies that use OKRs as a goal-setting framework tend to have higher levels of employee engagement. Employees are more likely to feel aligned with the company's mission and objectives, leading to greater motivation and commitment. (Source: Gallup)