Tips for Writing OKRs for your Company
Several companies struggle when it comes to bridging the gap between strategies and implementation. Different management strategies aimed at bridging this gap have been in use for many years. The recent years have seen the objectives and key results methodology increase in popularity. The goals of a company can be defined using OKRs. Measurable key results can help track the achievement of these goals. 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. Three to five high-level objectives are consisted of in OKRs. Under these objectives, you will have three to five measurable key results. These key results can be set on either a scale of 0-100% or 0-1. The OKRs can be implemented in your annual or quarterly plans. It is not hard to write your company’s OKRs. This article will help you discover more about writing OKRs.
Simplicity is essential with OKRs. 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. The number of objectives to have will be decided by you. You should bear in mind the complexity of the objectives and your desired timeframe when coming up with a number. As much as your OKRs should not be too easy to achieve, they should still be achievable. Specificity is important when writing OKRs. The objectives should be very clear and the key results should be well-defined. The last thing you want is losing information in translation. Being very clear and concise will avoid ambiguity of your objectives.
Every staff member 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. The contribution of every staff member in achieving the company’s objectives. Not only should the employees be aware of their roles but the company’s overall objective also. They should be aware of what they are working towards for motivation. The key results should be measurable. You should come up with a way of measuring results if the results are difficult to quantify.
It is important to acknowledge and reward success. You should celebrate when you hit a milestone. You will encourage the staff by celebrating wins thereby encouraging the OKR process. You can click here on this site to learn more.