Check in on your FY23 Valuation

November 29, 2022  //  FOUND IN: Our Employees,

Approximately a 3-minute read

Key takeaways:

  • The second quarter of FY23 comes to an end next month.
  • That makes this the perfect time to check in on how you are progressing on your yearly Valuation. 
  • Tools and resources are available to help you check in, set SMART goals and prepare for mid-year reviews.

It’s almost December — and almost the end of the second quarter of FY23. Time flies! 

Now is a good time to check in on how leaders and staff are progressing with their FY23 Valuation. This quarter focuses on reviewing individual goals and development plans, as well as preparing for mid-year reviews in early 2023.

Year-round collaboration between leaders and their direct reports, with a focus on positive development, demonstrates the value (hence “Valuation”) that our employees bring to Michigan Medicine.

Also, connecting throughout the year in quarterly check-ins helps both leader and employee feel less burdened, places dedicated time to focus on development and allows for adjustments to be made to goals as environments continue to change. It also can provide a more robust representation of their work at the end of the process.

What can I do right now?

If you haven’t started work on your SMART goals yet, it’s ok. Take time now to develop your goals for the year and get started. Resources are available on the Performance Management web page to help guide you through goal development and the entire Valuation process. A great starting point is to review the FY23 Valuation Overview.

For those who have established SMART goals, view this short Q2 overview video for more detail on the steps outlined below for this quarter:

Many leaders are working with staff on the implementation of improvement plans associated with the Michigan Medicine Vital Voices survey. Leaders are encouraged to explore the alignment between work on these plans and the creation of SMART goals for contributing staff members. Please visit the Employee Engagement site for additional ideas.

Remember, the goal of the Performance Management Valuation process is to have continuous conversations between leader and employee to foster growth.

Here to help

Folks learn in a multitude of ways (and are often short on time!), which is why there are a number of different opportunities where you can find support in completing your FY23 Valuation. 

  • Valuation Information Sessions

Join an information session on Dec. 6 to learn more about how to fill out your Valuation and ask questions. Click here to register.

  • Impactful Development Conversations Microlearning

Are you needing some inspiration or structure to your mid-year review conversation? Join us for Impactful Development Conversations on December 14.  In just under 45 minutes, you’ll get to practice using a set of exploratory questions to promote more meaningful and engaging conversations. Click here to register.

Still have questions? Send us an email and we’ll answer them as soon as possible!