Glossary
Milestones
Meaning & Definition
Milestones are pre-set measurable benchmarks that denote progress towards achieving completion of a task or accomplishment of an organizational or personal goal. It is used as a measure of success and helps organizations determine whether tasks are proceeding as expected. The use of milestones in Human Resource functions includes the areas of onboarding, performance management, training, career development, and project implementation.
Importance of Milestones
- It helps in monitoring progress towards personal or organizational goals.
- Increases accountability through the achievement of set goals.
- Supports in conducting timely performance appraisal and feedback sessions.
- Helps in the growth and development of employees.
- Facilitates monitoring of training, onboarding, and project accomplishment.
Legal Compliance Guide
There are no legal guidelines in India related to milestones compliance. However, the objectives of milestones need to be set and applied properly in performance management and personal development of employees.
