In any organization, Core Values and Key Business Results are critical elements of employee performance evaluation. These objectives, known collectively as Key Result Areas, provide a framework for assessing employees and ensuring that they are meeting the expectations and goals of the organization.
Core Values are fundamental objectives that an organization considers to be essential to its mission and values. These objectives are important for every employee to be assessed on, and they typically have a priority rating of “3”. It is generally recommended to have at least five Core Values that are assessed during employee evaluations. The performance of each employee should be rated in relation to how well they align with the organization’s Core Values. For example, if one of the organization’s Core Values is “innovation,” an employee who consistently comes up with new and creative solutions to problems might be rated highly in this area.
Key Business Results, on the other hand, are objectives that are specific to a particular department or employee, and they must be achieved during the assessment period. These objectives can have a priority of 1, 2, or 3, depending on their importance to the organization. For instance, if a sales department has a Key Business Result of “increase revenue by 10%,” the performance of each sales employee might be evaluated based on whether or not they met this objective.
In order to conduct effective employee evaluations, it is important to have a clear understanding of both Core Values and Key Business Results, and to use them as the basis for assessing employee performance. By aligning employee performance with these objectives, organizations can ensure that their employees are contributing to the organization’s overall mission and goals. This can help to drive organizational success and ensure that employees are motivated and engaged in their work.