Tips for Writing OKRs for your Company
Bridging the gap between strategies and implementation is something that many companies struggle with. Many management strategies have been in use for many years that aim at bridging this gap. The recent years have seen the objectives and key results methodology increase in popularity. OKRs can help define a company’s goals. Tracking the achievement of these goals is easy as there are key results that are measurable. With well-defined goals, everyone in a company is well aware of what is expected of them. They also know what they need to do to achieve the objectives of the company. 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. OKRs mostly have 3 to 5 high-level objectives. Three to five measurable key results should be consisted of in each of the objectives. These key results can be set on either a scale of 0-100% or 0-1. Your OKRs can be implemented on your annual or quarterly plans. It is not hard to write your company’s OKRs. To learn more about writing OKRs, here are a few tips.
Your OKRs should be simple. It is essential to establish what is of most importance to our company. The OKRs that are most suitable for your company will be known by establishing this. 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. It is important to have well-defined key results and clear objectives. The last thing you want is losing information in translation. The ambiguity of your OKRs will be avoided by being clear and concise.
Every staff member should know what is expected of them. This is why it is essential to level your objectives. Top management to junior staff should know their role in achieving their objectives. 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. They should be aware of what they are working towards for motivation. Your key results should be measurable. If it is difficult to quantify results, come up with a way of measuring results.
Success should be acknowledged and rewarded. When you can hit your milestone, you should celebrate. Doing this will encourage the OKR process. To read more now, click the link to this website.