#relativetargets — Public Fediverse posts

If your company doesn’t have a Fast Close, then you don't have a company. You have a big f@*king mess.
Fast Close means that the month’s numbers (incl. all reporting internal & external) are closed on the 2nd day of the following month the latest.

Pity that’s not standard practice yet, right?
#accounting #finance #financialmanagement #cfo #cfos #reporting #controlling #beyondbudgeting #relativetargets

Sure. Pay affects performance.
But not in the way those managers think!
https://betacodex.org/wp-content/uploads/2022/12/BetaCodex-PerformanceManagement2022.pdf
#betacodex #relativetargets #nobonuses #noincentives #theoryy

Ready to get rid of #budgeting and annual planning?
Ready to get rid of fixed #targets, target negotiations and coercion?
Ready to get rid of obnoxious #performancemanagement systems?
Ready to get rid of nonsensical #reporting?
Ready to get rid of #incentives and bonus systems?
Ready to relinquish trampling on people's #motivation?
Ready to drive out desperation, learned helplessness and fear?

Then #RelativeTargets is for you. Best of all: It works
https://www.youtube.com/watch?v=kwJ6CYIi7aQ
#betacodex #noplanning #newpay #performance #agile #lean #scrum #teal #okrs #nookrs #nombo #noincentives #workthesystem #beyondbudgeting #agiletransformation

Sign up to our new #RelativeTargets #QuickStart course on 29 August – and learn about how to design #performance systems that work!
https://lnkd.in/evBdDwJH #betacodex #performancemanagement #systemsthking #nobonuses #noincentives #noplanning #beyondbudgeting #workthesystem #cellstructuredesign #decentralization #selforganization #lean #agile #teal #newpay #newwork #hr

Ready to get rid of #budgeting and annual planning?
Ready to get rid of fixed #targets and incentives?
Ready to get rid of obnoxious #performancemanagement systems?
Ready to get rid of nonsensical #reporting?
Ready to stop stifling people's motivation?

Then #RelativeTargets is for you.
https://www.youtube.com/watch?v=kwJ6CYIi7aQ
#betacodex #noplanning #nookrs #nombo #noincentives #workthesystem

#RelativeTargets is a social technology developed & published in 2021. It is based on 20+ years of #BeyondBudgeting & #BetaCodex research, and pioneering cases such as #Handelsbanken, #Toyota, #dm-drogerie markt and #Buurtzorg.

In yesterday's intro to #RelativeTargets, I talked about the roots, the elements and the applicability of the approach. Watch the video here:
https://www.youtube.com/watch?v=kwJ6CYIi7aQ
#betacodex #performance #culturechange #motivation #newpay #orgdev #okrs #selforganization #leadership

On performance and targets
#betacodex #relativetargets #incentives #newpay #newwork #leadership @silkehermann #systemsthinking #agile #lean #teal #scrum #orgdev #workthesystem #noincentives

Bonus systems are toxic things. All of them. Incentive and bonus systems belong on the garbage heap of history. Here is why.
https://www.linkedin.com/pulse/abolish-bonuses-way-around-niels-pflaeging/

#betacodex #leadership #newpay #noincentives #newwork #futureofleadership #workthesystem #RelativeTargets #agile #agility #lean #scrum #teal #beyondbudgeting #qrm.

@mlevison @AgileBob
Well, we have been talking about that for 2 decades. And the great Alfie Kohn, for example, even longer.
Here is an article by @nielspflaeging about the matter:
https://www.linkedin.com/pulse/abolish-bonuses-way-around-niels-pflaeging/
#betacodex #relativetargets #noincentives #agile #agility #orghygiene

Sign up to my #InfoHour next week on #RelativeTargets - and learn about #performance systems without target-setting, without obnoxious KPIs, without fixed targets, without plan-actuals variances, without incentives that suck!
Sign up here: https://www.eventbrite.com/e/info-hour-relative-targets-a-work-the-system-approach-tickets-445321176627

An article about #RelativeTargets: https://www.linkedin.com/pulse/relative-targets-why-you-should-stop-annual-planning-put-pflaeging/

#betacodex #workthesystem #red42 @silkehermann #nookrs #noincentives #noplanning #beyondbudgeting #