Key results, OKR example:
To help you better understand the use of OKRs let’s discuss an example:
To become the ultimate blog to launch your freelance activity. As a reminder, an objective must be ambitious and inspiring.
We have defined three key results (you should determine three to four key results):
- Obtain 30,000 monthly freelance visitors thanks to SEO (in three months)
- That 50% of the people who fill out a form on the site are freelancers (in five months)
- Obtain 3 press publications about the blog (in six months)
Again, remember that key results will help you achieve your goal. They must be specific, in terms of time and measures. It’s something you cannot control but you can influence.
The third and final step when setting up an OKR is initiatives. Initiatives are tasks (to be carried out alone or with others) or assumptions that allow you to influence a key result. We have therefore chosen an initiative for each of our key results:
- create a semantic cocoon dedicated to freelancers on our blog (get 30,000 freelance visitors monthly)
- create valuable content downloadable on the website (50% of people who fill out a form on the site are freelancers)
- create and send a press release (get 3 press publications about the blog)
Now that you know what OKRs are, you probably want to implement them in your company. But it can be intimidating: Where to start? How can I measure my progress? Is it worth the extra work?
OKRs need to be simple and increase your productivity - not waste your time. A good way to get started and to get the most of the framework is to use OKR tools.
There are a lot of OKR tools, and we encourage you to do your own research, but here are some we recommend:
1. CultureAmp –to identify goals
2. Koan – to keep OKRs transparent
3. Weekdone – to Track Goals (Status Reporting)
4. Timely – to measure team performance
5. Perdoo – to set OKRs
6. Peoplegoal – to score OKRs
7. Engagedly – for OKR inspiration
The more you grow, the more you’ll use OKR. You will get to a point where spreadsheets and dashboards aren’t efficient enough. This is when an OKR software can help.
If you already are using some of the tools we mentioned above you may not need additional software help.
An OKR Software is a tool used to develop strategies and process objectives You can think of a OKR software as an online goal tracker.
There are lots of OKR Software that fill different sets of needs. Every company is different, so find the right one for you!
To save you some time we compiled a list of the 7 best OKR Software:
Bonus: 5 common OKR pitfalls to avoid
# 1 Too often thought of as an administrative tool for organizing the tasks to be accomplished within the company.
# 2 Do not link OKRs and employee performance reviews. The performance of an employee is also measured on behavior, cooperation, initiative, etc.
# 3 Remember to communicate your objectives clearly. Everyone should know what the objectives of the company are.
# 4 The "top-down" method should be avoided when defining your OKRs. Let your teams define their own objectives. From there you can push them outside of their comfort zone without alienating them.
# 5 The difference between OKR and KPI: KPIs are Indicators measuring components of a process already underway. KPIs help monitor performance, identify problems and areas for improvement; OKRs help solve problems, improve processes, and drive innovation. You should use KPIs to measure your progress towards reaching your objectives.