Tips for Writing OKRs for your Company
Several companies struggle when it comes to bridging the gap between strategies and implementation. For many years, companies have made use of different management strategies to achieve this. One management strategy that has been increasing in popularity over the years is the objectives and key results methodology, in short, OKRs. OKR helps define the goals of an organization. It is easy to track the achievement of these goals when you have measurable key results. What is expected of a staff member is well-known with clearly-defined objectives. What is needed to achieve these objectives will also be known. The use of this methodology is offering benefits to many companies today. The popularity of this methodology lies mainly behind the fact that it doesn’t it is easy to implement and doesn’t require a lot of resources. OKRs mostly have 3 to 5 high-level objectives. These objectives should each have three to five measurable key results. You can set these key results on a scale of 0-100% or 0-1.0. The OKRs can be implemented in your annual or quarterly plans. Writing OKRs is not very hard. You can read more about tips for writing OKRs here!
Your OKRs should be simple. The most important goals of your company should be established. Establishing this will help you come up with OKRs that are most suitable for your company. There are no restrictions to the number objectives you can have. You should bear in mind the complexity of the objectives and your desired timeframe when coming up with a number. Your OKRs should be achievable but they should not be too easy to achieve. When writing OKRs, specificity is important. The objectives should be very clear and the key results should be well-defined. The last thing you want is losing information in translation. The ambiguity of your OKRs will be avoided by being clear and concise.
Everyone in the company needs to know what is expected of the. This makes it essential to level your objectives. The role of top management to junior staff in achieving the objectives should be known. The contribution of every staff member in achieving the company’s objectives. The employees should not only be aware of their role but they should also know the overall company’s objectives. Everybody should know what they are working towards. The key results should be measurable. If the results are not quantifiable, it is important to come up with a way of measuring success.
Acknowledging and rewarding success is important. Hitting a milestone should be celebrated. You will encourage the staff by celebrating wins thereby encouraging the OKR process. You can click here on this site to learn more.