Goal Setting and Benchmarking work together to drive your productivity and ensure consistency with the rate of your progress. What set standards or indices are you weighing your performance against. Where is your performance scorecard?
I recall my previous employment as a Marketing representative in my previous role, weekly and monthly peer reviews measured our performance trajectory and gauged efficiency.
I used to look forward to such meetings if I had had recent tangible showings, met or surpassed set targets.
I also did not look forward to such meetings whenever my figures fell behind set benchmarks, behind my previous achievements (negative variance), or when I fell short of my colleagues’ performances (peer review).
Fulfilment thrives on realistic expectations; intermittent benchmarking measures your progress.
Fulfilment set standards and prescribes expectations, but its benchmarking that measures performance levels.
Benchmarking highlights and confirms the consistency of your growth and development.
It can also help you determine the acceptable opportunity cost, meaning what you give up pursuing a goal, and the necessary sacrifices.
Benchmarking measures performance against your potential, previous bests, or current abilities. Its purpose is to identify areas for improvement and encourage both competitiveness and collaboration.
Benchmarking establishes goals and defines acceptable performance.
Productivity increases over time in waves, not straight lines. Like investing, real growth is measured in the gradual upward trend despite ups and downs.
This approach mirrors life’s journey; you are very likely not travelling a lonely way. I the journey of life there may be companions, where we are not alone; companions travel with us, and where there are many participants, the law of average comes to play – those unspoken parameters. These shared experiences help establish what is considered an average or acceptable pace with pursuits. And a consciousness of such pace can serve to inspire oneself to trudge on without being bugged down with the undue pressures of unhealthy competition.