Weight ages to Goals
Weights represent the relative importance of various goals in the overall portfolio of the employee. Depending upon the relative importance, different weights can be assigned to different goals and the overall performance is assessed in a weighted average model.
Weights assigned to different goals refer to the weighted average methodology adopted to assess the overall performance. Weighted average models are capable of handling many different parameters of performance. Apart from the actual performance achieved in each individual parameter, they can also incorporate the relative importance of each against each other. This provides the required flexibility in assessing the performance from a holistic perspective. It is HR departmentÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢s responsibility to ensure that each employee is aware of the fact that his/her execution is being assessed on multiple parameters and performance excellence is not limited to the immediate KRAs. Different weights are assigned to different goals depending upon how important they are to the overall business objectives. Goals which are more important get more weightage. The sum of all weights equals 1 or 100%.