Benefits of OKRs

There are many benefits of using OKRs. Both for companies and employees who are using them.

In general, Objectives and Key Results make your goals more transparent. And they make it easier to track.

Using OKRs will help your team to move in one direction and makes it easier for you to know how your work is progressing.

When you are using OKRs, you can:

1. Align and connect your employees to your corporate goals.
2. Give clear direction to every team.
3. Increase productivity.
4. Track regular progress towards goals.
5. Make more effective and informed decisions.
6. See how  your goal progress aligns with the company’s vision,
7. Be effective in setting clear and specific goals.
8. Boost individuals’ engagement and empowerment through your goal-setting process.
9. Increase insight and transparency across the organization for top-level executives.

OKRs, on a team, and company level make up a system that shows how everything one person does connects to the work of others.

If an employee knows that not meeting his goals makes achievements harder for people in other departments, they will want to try harder. When everyone knows how their work matters, it increases overall engagement, motivation, and determination. It’s a psychological effect: no one wants to be the weakest link, so they’ll try harder. This is a very powerful tool.

Objectives and Key Results (OKR) is a proven goal-setting strategy to help your team and company reach your goals. OKR is used to connect the company and team goals to weekly plans for measurable results.

When employees aren’t super enthusiastic about cultural change, goal setting systems tend to fail. Typically, everyone is either stuck in the old ways (especially if the system is “no system”) or the employee feels that learning a new system is a waste of time. At its very core though, having a management system is essential. Getting started with OKRs is just one way to approach this.

For team members and employees, some of the benefits include:

• Doing more by doing less;
• Being heard by your leader;
• Getting praise and hearing from your co-workers.

For leaders and managers, the benefits are:

• Quickly knowing what’s happening in a team;
• Increasing productivity;
• Making better more informed decisions;
• Guiding your people and giving feedback;
• Measuring work satisfaction;