Tips for Writing OKRs for your Company
Many companies struggle with bridging the gap between strategies and implementation. For many years, companies have made use of different management strategies to achieve this. The recent years have seen the objectives and key results methodology increase in popularity. OKR helps define the goals of an organization. It is easy to track the achievement of these goals when you have measurable key results. With well-defined goals, everyone in a company is well aware of what is expected of them. The measures and steps to be taken to achieve these objectives also become clear. 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. Three to five measurable key results should be consisted of in each of the objectives. 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. To learn more about writing OKRs, here are a few tips.
Your OKRs should be simple. What is of most importance to 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. As much as your OKRs should not be too easy to achieve, they should still be achievable. Specificity is important when writing OKRs. It is important to have well-defined key results and clear objectives. Nothing should be lost in translation. Aim for clarity when coming up with your OKRs to avoid ambiguity.
Every staff member should know what is expected of them. This is why it is 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. 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. Your key results should be measurable. You should come up with a way of measuring results if the results are difficult to quantify.
Acknowledging and rewarding success is important. You should celebrate when you hit a milestone. The OKR process will be encouraged by doing this. You can click here on this site to learn more.