Tips for Writing OKRs for your Company
Many companies struggle with bridging the gap between strategies and implementation. Different management strategies aimed at bridging this gap have been in use for many years. 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. Tracking the achievement of these goals is easy as there are key results that are measurable. What is expected of a staff member is well-known with clearly-defined objectives. The measures and steps to be taken to achieve these objectives also become clear. Several companies are benefiting today from the use of this methodology. It is popular mostly because it is easy to implement in a company and doesn’t use a lot of resources to implement. Three to five high-level objectives are consisted of in OKRs. Under these objectives, you will have three to five measurable key results. You can set these key results on a scale of 0-100% or 0-1.0. You can implement your OKRs in your annual or quarterly plans. It is not hard to write your company’s OKRs. You can read more about tips for writing OKRs here!
You should keep your OKRs simple. It is essential to establish what is of most importance to our company. Establishing this will help you come up with OKRs that are most suitable for your company. The number of objectives to have will be decided by you. It is, however, still important to keep in mind the complexity of these objectives and your desired timeframe. Your OKRs should be achievable but they should not be too easy to achieve. You should be specific when writing OKRs. You should have clear objectives and clearly-defined results. Nothing should be lost in translation. Aim for clarity when coming up with your OKRs to avoid ambiguity.
Every member of your staff should know what is expected of them. This is the reason why leveling your objectives is important. Top management to junior staff should know their role in achieving their objectives. It is essential for everyone to know what their contribution to achieving the company’s objectives is. 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. Your key results should be measurable. You should come up with a way of measuring results if the results are difficult to quantify.
Success should be acknowledged and rewarded. Hitting a milestone should be celebrated. The OKR process will be encouraged by doing this. You can click here on this site to learn more.