What is goal type in SAP LOD-HCM - Human Capital Management onDemand?

SAP Term: goal type

• Component: LOD-HCM

• Component Name: Human Capital Management onDemand

• Description: The categorization of goals, such as shared goals, individual goals, and informal goals.

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• Key Concepts: 
  Goal type is a feature of the LOD-HCM Human Capital Management onDemand component of SAP. It is used to define the type of goal that an employee is working towards. This could be a performance goal, a development goal, or any other type of goal that the organization has set for its employees. 
  
  How to use it: 
  Goal types are set up in the system by an administrator. The administrator can define the different types of goals and assign them to employees. Once the goal type has been assigned, the employee can then set up their individual goals and track their progress towards achieving them. 
  
  Tips & Tricks: 
  When setting up goal types, it is important to ensure that they are clearly defined and easy to understand. This will help employees to better understand what they need to do in order to achieve their goals. It is also important to ensure that the goals are achievable and realistic, as this will help motivate employees and keep them engaged in their work. 
  
  Related Information: 
  The LOD-HCM Human Capital Management onDemand component of SAP also includes features such as performance reviews, competency management, and career development plans. These features can be used in conjunction with goal types to help employees reach their goals and develop their skills.