An OKR, or Objectives and Key Results, is a popular performance management system used by businesses of all sizes. Its popularity is due in part to its simplicity: an OKR has just two parts, objectives and key results.
Objectives are clear, inspiring goals that motivate people to achieve them. Key results are measurable goals that track the success of the objective. By aligning everyone in the company around a shared goal, OKRs can help businesses achieve amazing things.
We have curated a list of resources to help you get started with building an OKR platform.
Essential Elements of an OKR System
- An intuitive goal management dashboard: A good OKR system should include a goal management dashboard to help you track progress and stay on course. The dashboard should provide a summary of progress as well as details on how each goal is progressing. In addition, the dashboard should include graphs and charts to help you visualize progress. This will allow you to see at a glance how you are doing and what areas need improvement. With this information, you can fine-tune your efforts to achieve your objectives and key results.
- Alerts and notifications: An OKR system should send out alerts and notifications to help you stay on track. Alerts can be sent to your email or mobile device to remind you of upcoming deadlines, or to notify you when a goal is achieved. Notifications can also be used to share progress with team members or stakeholders.
- Pre-built templates: If you’re looking to get started with setting up objectives and key results, templates can be a helpful way to get started. There are a variety of templates available online that can be customized to fit your specific needs. While some people prefer to create their own templates from scratch, others find it helpful to use pre-built templates as a starting point. Either way, having a template can be a helpful way to ensure that you’re covering all the bases and tracking progress in an effective way.
- Automation: No one likes doing repetitive tasks over and over, especially if there’s a risk of human error. That’s where automation comes in – by taking on these mundane tasks, it can free up time for people to focus on higher-level work. Automation can be used for a variety of tasks, such as sending reminders, calculating progress, or generating reports. And because it’s software, it can often do these things faster and more accurately than a person.
- Security tools: Security is an important consideration when choosing an OKR platform. The platform should include tools to help you protect your data. Security tools can be used to encrypt data, restrict access to certain users, or create backups. encryption can help to protect your data from unauthorized access, and restricting access can help to prevent data leakage. Creating backups can help to ensure that your data is not lost in the event of a system failure.
- Third-party integrations: As you develop your OKR, it’s important to consider how you will integrate it with other applications and services. Third-party integrations can be used to synchronize data, share files, or send notifications. They can also help you connect with other members of your team who may be using different applications. By integrating with other applications, you can make sure that everyone is on the same page and that important information is not lost in translation. When used properly, third-party integrations can be an invaluable tool for keeping your team organized and connected.
Peoplebox is an OKR & Performance Management Platform that helps you solve for alignment, team performance, and engagement to drive exceptional business outcomes. By setting and tracking goals, providing feedback, and measuring progress, Peoplebox ensures that everyone is working towards the same objectives and that team performance is constantly improving.
With Peoplebox, managers can perform frequent check-ins with employees to identify areas of improvement and address any issues before they become bigger problems. The system enables managers to run performance reviews on a more frequent basis, which can help to improve team performance and identify areas of potential growth. By using Peoplebox, managers can build high-performing teams with less admin work.
Peoplebox is the leading employee engagement platform that helps companies collect feedback, retain top talent, and build super-engaged teams. With Peoplebox, you can close the engagement loop and take actions that matter most. You can also collect feedback more frequently with less effort. Plus, Peoplebox provides a safe space for employees to share their feedback anonymously. As a result, you can create a work environment that is truly engaging and motivating for your employees.