Glossary
Objective Cycle
Meaning & Definition
Objective Cycle refers to the set time frame within which the objectives of the employees or organization are set, monitored, analyzed, and evaluated. It is an important element of performance management and is always in accordance with the monthly, quarterly, semi-annual, or yearly business cycle of performance measurement.
Importance of Objective Cycle
- Assists employees and managers in setting up achievable and measurable goals.
- Facilitates the monitoring and analysis of performance goals.
- Helps in aligning personal goals with organizational business goals.
- Ensures a structured performance appraisal process.
- Increases employee responsibility and productivity.
Legal Compliance / Policy / Regulation
There is no legal or statutory compliance associated with the Objective Cycle.
