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Last Updated on January 24, 2021

How Goals Performance Review Can Help You Succeed More

How Goals Performance Review Can Help You Succeed More
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Setting and achieving goals can be an interesting adventure on your journey to success if you form the habit of tracking and reviewing your performance on the goals you have set. To achieve this, you can carry out a periodic or end-of-cycle goals performance review to know how well you are progressing.

In this article, you will find useful tips on how to carry out a goals performance review and important steps to take on the outcome of your reviews.

What Is a Goals Performance Review?

A goals performance review is an intentional and planned activity carried out to measure your productivity based on your set goals. The real essence of this review is to identify what is going right, what is going wrong, and to set future goals.[1]

Taking a periodic review of your goals is an indicator that you are serious about achieving them, and this can actually be a source of motivation to achieve your goals.

Benefits of a Goals Performance Review

There are countless benefits associated with measuring your performance and progress on your goals. You will find some of them below.

Keep Track of Your Goals

It’s easy to get distracted and lose focus if you do not create a plan to follow through with your goals. This won’t happen when you have a plan in place such as a performance review. The review will even be more significant when you have many goals to track, such as financial goals, career goals, family goals, health goals, etc.

Measure Your Performance

A scheduled review will help you to evaluate yourself and see how you are performing with your goals. Many times, the information you gather from this evaluation can help you sit tight or push you to do more to accomplish your goals.

Identify Necessary Adjustments

A goals performance review can show you what is working and what is not in your efforts to achieve your goals. Therefore, you might find from your evaluation that you need to make certain adjustments in order to accomplish your goals.

Achieve All-Around Success

Without deliberate reviews, there is a tendency to perform well in one area while other areas suffer. A periodic goals performance review can help you live a balanced life as you keep track of all of your goals and make sure you are not falling short in any area.

How to Carry out a Goals Performance Review

Carrying out an effective goals performance review begins with setting your goals correctly. Be clear about your expectations and results. When you set S.M.A.R.T Goals, it will be much easier for you to track, measure, and evaluate them.

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There are no hard and fast rules for carrying out a goals performance review. It all depends on the kind of goals and the time you attach to your goals. However, as a guide, here are some ways you can review your goals:

Based on End Results

Some goals are “end goals,” and the only way to review them is by whether they turn out as a hit or miss. For example, setting a goal to land a particular job or making the cut-off point in a professional exam can be a hit or miss.

However, when you have a couple of goals in different areas, your performance review can include looking at how many of your end goals you have been able to achieve versus the ones you couldn’t achieve. You will be able to judge whether you are generally making progress or not.

Based on Milestones and Timelines

For effective goal setting and tracking, it is usually advised that when setting your goals, you should break them down into smaller units so that you can measure your performance throughout and also get motivated when you accomplish those smaller goals. The milestones will help you to know if you are moving closer to accomplishing your bigger goals or not. Below are some examples of this kind of review.

Building a Home

If you plan on building your own home within the next three years, for example, securing a landed property and getting your building plan approved by the government in the first year are significant milestones towards your building goal.

Losing Weight

If you plan to lose 80 pounds in one year, and your milestone is set at 20 pounds in three months, carrying out a quarterly review of your weight apart from checking the scales weekly can give you a picture of your weight loss journey.

Career Advancement

If you set a goal to become a CEO in 5 to 8 years from your current level as a mid-level manager, having a rising portfolio every two to three years is a notable milestones in accomplishing your goal.

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Retirement

Another example is planning to retire at 50, meaning that you want to be financially secure at 50. If you are currently 35, your investment portfolio review can be set to every 3 years to know how close or far you are from your goal. You would have carried out this review at least four times before your planned retirement.

What a Goals Performance Review Reveals

Your review can show you different things about your goals and yourself, including:

  • That you have achieved your goals
  • That you failed to achieve your goals
  • That you are on course to achieving your goals
  • That at the rate you are going, you might not achieve your goals

Whatever it is that your review reveals, there is always something to be done to improve the situation.

What to Do When You Fall Short of Your Goals

When you fall short of your goals, there are several things you can do to get yourself back on track.

Review Possible Reasons for Failure

If it is an end goal, then you might want to ask questions about why the goal failed. Is it that you didn’t put in the required work, planning, diligence, or follow-up? Or were there simply factors outside of your control?

Generate Ideas to Mitigate the Problems Now or in the Future

If you are able to trace what is responsible for the failure, then brainstorm possible ways to mitigate such problems so that they won’t be an hindrance to achieving your goal in the future.

Get Motivated

If you are still within your set time limit but are running out of time, what you need is motivation and a positive attitude. You don’t have to give up on your goals, irrespective of what the results currently look like.

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Change Your Goal Post

Changing your goal post might mean extending the deadline if possible, reducing your goal projection to a smaller manageable scale, or doing something different.

What to Do When You Are Reaching Your Goals

It’s okay to celebrate the achievement of your goals, but it’s also not quite time to relax. You can do the following when you are hitting your goals.

Raise the Bar

It is better to set hard-to-reach goals than to set ones that you can reach without much sweat. So when you hit your goal, you should raise the bar.

For example, if you set a goal to read two books in a month, and you’ve been consistent with your goal for about 4 to 6 months, you don’t have to wait until the end of the year to set another goal. Increase the books from 2 to 3, and you’ll have more books and knowledge added to your archive in a year.

Improve the Quality of Your Outputs

When you are hitting your goals, you can also increase the quality of your outputs. For example, if you set performance goals like meeting deadlines, you won’t just stop at meeting the deadlines, but you will also ensure that the quality of your work deliverables is top-notch.

Dream Bigger and Set New Goals

Reaching your goals and hitting your targets too often might be an indication that you are not dreaming big enough or that you have outgrown the kinds of goals you are setting. It is time to start thinking differently and create a new set of goals that will stretch your abilities.

Bottom Line

There is always something to learn from an honest goals performance review. It is important to note that doing well with your goals does not mean that you have given your best, and falling short of your goals does not mean you are not doing enough.

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Regardless of the outcomes of your review, you will always find an opportunity to do something better: to change your strategy or approach, to aim for something higher (or lower), or to set a brand new set of goals.

More Tips on Measuring Your Goals

Featured photo credit: Isaac Smith via unsplash.com

Reference

More by this author

Leon Ho

Founder & CEO of Lifehack

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Last Updated on July 29, 2021

A Complete Guide to Goal Setting for Personal Success

A Complete Guide to Goal Setting for Personal Success
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If there was a rule book of life, there would be one particular page that was highlighted, underlined, and titled as most important. It would be the one which told you that you need to master effective goal setting and have an aim in mind before you get on with the process. While there may not be an actual rule book of life, we do have this helpful goal setting guide to offer.

Yes, goal setting is important. In fact, it’s more important than achieving the goal itself. This is because it is the sense of direction that is needed for you to fulfill any task in life.

You don’t have to feel overwhelmed if this sounds new to you, as all the following information has you covered.

Today, you’ll find out all about the importance of goal setting, types of goals, and tips to define realistic goals for yourself!

What Are Goals?

To kick off our goal setting tips guide, you need to first recognize what goals are and how they are different from objectives, dreams, and expectations.

A goal is essentially your aim for the long-term future. It is the bigger umbrella, the main focus.

Objectives, on the other hand, fall under the umbrella of goals. They are the stepping stones that help you achieve your goals[1].

Objects vs goals for goal setting tips

    For example, you may decide you want to learn a new language. Your goal is to be fluent in the new language. Everything you do to achieve this goal, such as the daily tasks and monthly learning aims, are the objectives.

    Similarly, your expectations, visions, and dreams are not your goals. If you wish to learn a new language someday, that is your dream. If you see yourself fluently speaking multiple foreign languages, that is your vision. If you think you’re capable of learning a new language, that is your expectation.

    However, if you aim to fulfill these visions, dreams, and expectations practically, that is your goal.

    Why Is Goal Setting Important?

    Why should you bother with goal setting at all? Wouldn’t it be more convenient to just get on with your daily objectives, follow a dream or vision, and let life take you wherever?

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    While that road can feel exciting and spontaneous, if you actually want to tick off things from your list of goals to achieve, learning how to set goals is necessary.

    Being committed to a goal puts your brain to work in one specific direction. Believe it or not, by having a defined goal, your brain does its magic unconsciously, 24/7, with full efficiency, to achieve the desired results[2].

    Goal setting is important to shift your focus, boost your motivation, and give you a sense of direction. Without formally defining a particular aim that you want to reach, you won’t be able to keep your objectives in line.

    Hence, this one tiny step can end up saving you a lot of hassle and time while also encouraging your productivity.

    Types of Goals

    Before we move onto the technique of setting effective goals, we need to first take a look at all types of goals in this goal setting tips guide.

    These categories will not just help you brainstorm new one for yourself, but it will also guide you to list them down in the right way.

    Time-Based

    One of the two broad categories of goals is based on time. These goals define how far in the future you want to achieve them.

    Daily

    There are certain smaller goals that you can easily achieve in a day or two. In fact, some of these daily goals can be recurring, too. For example, you may want to run for an hour every morning.

    Now, these daily goals can also serve as objectives for a long-term goal. You may be running every day because, in the long-term, you want to increase your stamina.

    Daily goals are highly effective for people who want to improve their mental wellbeing, time management skills, and stress management.

    Short-Term

    Next in line are short-term goals. As you would have already guessed, goal setting in this area is aimed at the near future.

    The great thing about these is that they are generally easier to achieve. This is because short-term goals are set for the foreseeable future. You are aware of the circumstances and have a general idea of how much the situation can change.

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    Just like daily goals, short-term goals may also serve as objectives for a long-term goal. Your short-term goal may be to lose 5 pounds in one month. That could be a goal in itself, or maybe it is just one objective to fulfill your goal to adopt a healthy lifestyle in the next two years.

    Another example of a short-term goal is to fulfill the checklist for promotion within the next 6 months. Or, you may want to reduce your screen time within the coming week.

    Long-Term

    Lastly, we have long-term goals that are meant to be completed over a stretched period.

    Whatever you want to achieve in a later stage of life is a long-term goal. An insurance plan, for example, is a long-term goal.

    Some long-term goals don’t have any time frame at all. They are goals that you want to accomplish at some point in your life. So, something like traveling the whole world is a lifelong goal with no specific time constraint at all.

    There’s one thing about long-term goals that isn’t great.

    They are the hardest to keep up with since you’re not seeing any huge achievements regularly. This may take a toll on your motivation. To tackle this problem, it is best to divide a long-term goal into various, short-term and daily objectives so that you’re always tracking the progress you’re making.

    Life-Based

    Moving forward, you can also start goal setting based on the results you want to achieve instead of the time period.

    Career

    Like most people, you will likely want to succeed and excel in your career. Anything that has to do with this intention, regardless of the time frame, is a career goal. These are usually measurable goals, such as receiving a promotion within two years, finding a job at a certain company within the next six months, etc.

    You can learn more about how to set successful career goals here.

    Personal

    The past few years have all been about emphasizing your personal health. So, when it comes to goals, how can we forget the ones that have to do with our personal gains?

    From health to finances to relationships, everything that brings you happiness and composure as a person is a personal goal. It’s important that these are realistic and attainable goals for your life.

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    Whether you want to get rid of your debt, quit smoking, start a side hustle, have children, or travel the world, all of these goals are personal and very important to have on your list.

    How to Set Goals

    The best way to guarantee the fulfillment of goals is to set them the right way.

    1. Use SMART Goals

    Every goal you define has to be SMART[3].

    SMART stands for:

    • Specific
    • Measurable
    • Attainable
    • Relevant
    • Time-Bound

    In summary, your specific goals should be very well defined. They shouldn’t be generic or broad, and every detail should be clarified as you’re goal setting. 

    If you want to start running, how often do you want to do it? How long will each session be? For how long will you continue this habit?

    There has to be a connection between your goals and beliefs or you’ll never be able to achieve the results you want. Most importantly, do not be unrealistic. You cannot learn to fly, and forcing yourself to try is only going to demotivate and stress you out.

    2. Prioritize Your Goals

    As you’re looking into how to write goals for the next month or year, it’s likely you’ll come up with more than one. In this case, it’s important to prioritize which are the most important or the ones that have the tightest deadline. This is going to be subjective, as only you know which goals will have the most impact on your life.

    3. Think of Those Around You

    As you’re working on goal setting, keep your loved ones in mind. You may have a partner, children, or employees that depend on you, and you should take them into consideration with your goals. For example, if you set a goal to travel to 10 different countries in the next two years, how will this affect your children?

    If you want to lose 30 pounds this year, is there something your partner can do to support you? S/he will need to be made aware of this before you set off on your weight loss journey.

    4. Take Action

    Setting goals is the first step, but in order to be successful, you have to follow this with action. If you set goals but never act on them, they become dreams. Create an action plan laying out the steps you need to take each day or week in order to achieve your big and small goals.

    You can also check out Lifehack’s free guide: The Dreamers’ Guide for Taking Action and Making Goals Happen. This helpful guide will push you to take action on your goals, so check it out today!

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    5. Don’t Forget the Bigger Picture

    Most people refer to the big picture as their vision. Whether it is the long-term result or the connection of the goal with your desire, keep it in mind to keep yourself from getting distracted.

    You can learn more about creating a vision for your life here.

    I also recommend you to watch this video to learn 7 strategies to set goals effectively:

    How to Reach Your Goals

    You can ensure your progress by following some foolproof tactics. The use of relevant helpful tools can also keep you on the right track.

    Tactics

    One rookie mistake that most people make is that they work on too many goals simultaneously. Create an action plan and focus on one thing at a time.

    Divide your goal into smaller, easily achievable tasks. Taking it one step at a time makes it much easier. However, do not break them down too much. For example, for long-term goals, you should go for weekly checkpoints instead of daily ones.

    Also, keep track of your progress. This will keep you motivated to work harder.

    Tools

    With so many categories of goals and so many aims, it is almost impossible to remember, let alone work, on all of them.

    Luckily, numerous goal tracker apps will help you keep track of your goals, as well as your plan to achieve every single one. Have at least one installed in your smartphone so that your plan is always within reach.

    The Bottom Line

    In conclusion, using a goal setting tips guide is not rocket science. All that it takes is strong will power along with all the knowledge that you’ve learned so far.

    Try out the tactics and goals setting tips mentioned above to be able to set successful goals so that you can achieve the life that you want!

    More Tips on Achieving Success

    Featured photo credit: Danielle MacInnes via unsplash.com

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    Reference

    [1] Smart Insights: The difference between marketing objectives and marketing goals?
    [2] Confluence: Goal Setting Theory
    [3] University of California: SMART Goals: A How-To Guide

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