This Presentation is prepared to acquaint you what is Management Technique of OKRs recently being used widely by top organisation to realize and achieve their Objectives. This will also focus with reference to HR in particular how OKRs can be implemented to HR functions.
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What is OKRs ?
Objective & Key Results
(OKR) is goal management
technique OKR is used
to track progress as teams
move towards achieving
objectives that are ambitious
and in alignment with the
entire organization.
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What is the components of OKR?
OKR has two main components.
O – Objectives (The outcome
to be achieved)
KR – key Results - Each
objective must have 4-5 key results. Each
key result should be a way to define
success, and measure progress toward
success.
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OKR Example –Performance
Management
O – Objectives A) Improve
performance of new recruits
KR – key Results –
1. Shorten on boarding process by 1 week
2. Reduce new hire performance review cycle
time
3. Improve mentor to new recruits ratio to
1:4
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OKR Example - Recruitment
O – Objectives – Improve
Recruitment Process
KR – key Results
1. Reduce average time to fill job
vacancy by 15 days
2. Increase competency interview
questions by 10%
3. Decrease cost per hire by 20%
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OKR Example – Employee
Satisfaction
O – Objectives – Improve Employee
Retention
KR – key Results
Reduce voluntary employee termination by
20%
2. Conduct exit interviews with 100% of
voluntary termination employees
3. Identify 10% of at risk employees during
performance review process
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OKR Example – Compensation
& Benefits
O – Objectives – Increase benefits
Satisfaction
KR – key Results
1.50% improvement in ‘benefits’ category of employee
satisfaction survey
2. Benchmark current employee benefits with current
industry standards
3. Reduce employee health care expenses by 10%