How Revolut uses real-time data to align goals

It's much easier to succeed when everyone in your business aligns on what needs to be done and when. In fact, 90% of companies fail to achieve their strategic goals because they're unable to get teams, departments, and individual employees all focused on the same objective.

Our webinar, 'How Revolut uses real-time data to align goals', shares how Revolut tackles this challenge using real-time goal tracking and a structured goal management system. Jonathan Beaney, our Global Head of Talent Acquisition, and Joe Baugh, the Head of Operations for Revolut People, lead the discussion — watch the full webinar recording.

Below are some of the key takeaways from the webinar:

The 3 steps to effective goal management

Cascading goals

At Revolut, we design every goal using a top-down structure. First, we establish high-level goals for the entire company. Then, we work out what each department needs to do to achieve these larger company goals, and then how teams can help accomplish the departmental goals, and so on.

This way, goals cascade downwards — everyone from executives to individual employees are aligned on their part:

• Company goals — abstract targets, set annually by leadership, that focus on key growth areas
• Departmental goals — strategic objectives developed by breaking down company goals into different components
• Team goals — refined versions of the strategic objectives that explain how every team can contribute effectively
• Employee goals — day-to-day tasks that align with company priorities, helping individuals see their direct impact

Linking each individual’s tasks to the broader company vision helps improve engagement and encourage accountability.

Creating a single source of truth

Tracking goal progress is an essential part of goal management, from the individual level to entire departments. However, it can become time-consuming and complicated if everyone stores their relevant data in different places, using different tools (like spreadsheets, dashboards, or emails).

We've overcome this challenge by using the Revolut People platform, which provides a number of benefits:

• Easy-to-use integrations with time management and project planning tools to provide real-time data sources
• All goals are tracked with one centralised system
• Real-time updates ensure employees and managers can always see the latest information on teams' output
• Leaders can quickly identify risks, track performance trends, and reallocate resources as needed

Linking goals to performance

To drive improvement and engagement in our teams, we make goals a key factor in performance management:

• Employees receive regular feedback on goal progress
• Managers focus on goal completion during performance evaluations
• High-performing employees receive incentives for completing goals

The impact of real-time goal alignment

After making a focused effort towards improving our goal management, we noticed significant improvements in several areas:

• Higher employee engagement — team members have a better understanding of how their work contributes to the company's success
• Improved goal tracking — easy access to performance data makes goal progress clearer
• Faster decision-making — real-time updates help leaders identify problems faster, and adjust priorities accordingly

Watch the webinar to learn more about the impact of Revolut People.

Get started with Revolut People

Revolut People makes goal management effortless, allowing you to align objectives across every level of your company. With real-time performance monitoring and structured goal-setting tools, you can offer your teams clear, achievable targets to work towards.

Revolut People is a paid platform. T&Cs apply.