Efficiency and Value

Analysis
Efficiency and Value Analysis

The Value of a Streamlined

Goal Process
Customers save $520,000 for every
1,000 employees annually with BetterWorks
Most leaders agree on the value of setting and managing goals after
all, weve seen the research. According to Bersin by Deloitte, companies
that help employees set clear goals were four times more likely to
score in the top 25 percent of business outcomes. Goals can provide
focus, improve team alignment and cross-functional communication,
and increase performance.

But the typical question around goal setting in most organizations isnt
if it should be done, but how it can be done better. In this paper, youll
learn how improving your goal setting and management process with
BetterWorks can not only help your employees be more successful,
but also help your organization realize valuable time and cost savings.

Process Improvements Save 6,500 Hours Per 1,000

Employees Annually
The first step for many companies looking to improve their goal
management practices is to establish a schedule for quarterly or even
more frequent conversations around achievements and setting the
next priorities. Typically, this has been a time-consuming and manual
process with frustrating pain points like:

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 Countless meetings at the beginning of each quarter to agree on which
goals are the most important
Hours spent digging through email, Word, PowerPoint and meeting
notes to figure out what goals were previously set
Outdated, complex tracking docs trying to keep a handle on current
progress
Competing priorities and redundant work left uncommunicated and
unnoticed between teams
Lack of clarity on top company objectives

Traditional goal setting processes include complex tracking

docs and outdated priorities

FY15 Corporate Objectives and Key Results

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 Moving to an agile, open goal-setting software can quickly address these
issues, as well as add significant, measurable efficiency benefits. From
customer surveys and data analysis, BetterWorks has been able to
quantify that value with impressive results. Organizations using the
software typically save a cumulative 1,625 hours per quarter, resulting in
$520,000 of savings per 1,000 employees every year.

1,625 $520,000
hours saved each quarter annual savings

To achieve that savings, BetterWorks makes the process more efficient

during each part of the goal cycle.

Creating Goals Transparency and accessibility deliver better alignment

Employees write goals at the beginning of each quarter

View previous goals and achievements
Review manager/direct reports, team, department and company goals
for context

Traditionally With BetterWorks

Time is wasted searching for content Historical and current goals
Its challenging to verify current company wide are available
versions instantly in just a few clicks of
Painful process to cross-reference the mouse

Savings
This data access while creating goals can save a company with 1,000
311 hours $24,880 employees approximately 311 hours, or $24,880 per quarter*

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Ongoing
Management Regular updates drive more focused discussions

Update and review progress towards goals throughout the quarter

Capture ongoing updates on progress
Make additions or tweaks as needed
Managers discuss progress and provide feedback with their direct reports

Traditionally With BetterWorks

Updates arent captured Preparing for, managing and
throughout quarter documenting employee and
Documenting discussions is manager discussions is easy
manual and time-consuming through meeting view and
Inconsistent practices throughout private commenting
the organization, leading to
misalignment across teams

Savings
Just the simple act of employees navigating to goals throughout the
quarter within BetterWorks (instead of searching manually) can produce
significant savings: up to 117 hours or $37,440 each quarter for every
117 hours $37,440 1,000 users*

Assessing Results Easy prep puts the focus on employee coaching and growth

Prepare for quarterly or annual performance review discussions

Figure out what work was accomplished
Try to remember goals and achievements

Traditionally With BetterWorks

Hours spent scanning calendars and Reviewing and presenting
emails to remember accomplishments information during performance
Effort wasted on writing justification of discussions or reviews is
why outdated goals werent achieved painless through profile view
or what new priorities were added and achievement summaries
during the year

Savings
Using BetterWorks can save every employee as much as an hour accessing goals,
1000 hours $80,000 totaling up to 1,000 hours or $80,000 per quarter in savings for the organization*

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 BetterWorks ensures goals are easy to set, manage and
share throughout an organization

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 Benefits Beyond the Numbers
While the time and resource savings you can achieve with BetterWorks
is significant, its only one piece. Additional benefits include:

Making progress towards meaningful goals keeps

employees engaged and gives them clarity of purpose

Openness and transparency across the organization

improves cross-team alignment, builds a culture of trust
and focuses everyone on the same priorities

Access to important updates throughout the quarter helps

leaders stay agile and respond to changing market trends
and priorities

Less time spent on status updates means managers have

more time for focused, frequent coaching and feedback
conversations with their teams

Clear process drives operational excellence and better

results throughout the organization

Whether the benefits are qualitative or quantitative, when companies

use BetterWorks to improve their goal setting processes, the value is
undeniable. Ready to streamline your goal setting process and calculate
your own time savings? Reach out to us at [email protected].

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BetterWorks Value Analysis: The Details

Activity #employees min min min times/ min hours $ saved/ $ saved/
affected/ w/o BW w/ BW saved qtr saved/ saved/ qtr yr
1,000 qtr qtr
Goal creation:
employee view
81% (813) 10 5 5 2 8,130 136 $10,880 $43,520
manager goals
for alignment
Goal creation:
employee
replicate goal 25% (250) 5 1 4 1 1,000 17 $1,360 $5,440
from previous
quarter
Goal creation:
managers view 100% (1,000) 10 3 7 1.5 10,500 175 $14,000 $56,000
employee goals
Goal
management:
100% (1,000) 10 3 7 1 7,000 117 $9,360 $37,440
employees easily
navigate to goals
Goal assessment:
Prep for and
100% (1,000) 150 90 60 1 60,000 1,000 $80,000 $320,000
review employees
goals,
Goal assessment:
managers
100% (1,000) 30 20 10 1 10,000 167 $13,360 $53,440
indicate review
of goals/scores

*Per 1,000 employees, based on blended $80/hour employee cost estimate

About BetterWorks
BetterWorks provides enterprise software to easily set and manage goals. Rooted in Objectives
and Key Results (OKRs), it uses Goal Science insights to help high-performing companies get
aligned, stay focused on the work that matters and ultimately become more successful.

For more information visit www.BetterWorks.com

2016. BetterWorks. All rights reserved.

999 Main Street, Redwood City, CA 94063 | 844.438.2388 | [email protected]

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