Organizations faced with high demands to deliver on their future goals and objectives are using Objective and Key Results also known as OKRs to implement a solid strategy especially in a situation where employees are faced with challenges such as demotivation and lack of purpose that may hinder them from meeting the required goals. OKRs helps companies keep their vision, objectives and goals by showing their employees what is exactly expected of them through aligning their focus on company goals and thereby benefiting in the following ways.
Maintaining the focus of the employees towards company goals is the first way in which companies benefit from using OKRs. By keeping employees focused on the number of things that they are supposed to do, companies using OKRs keep their employees ultimately engaged to achieving the objective set before them, thereby limiting their disengagement from the key results. By focusing on goals and tracking their regular progress towards the set goals, employees are connected towards achieving corporate goals by giving them a clear direction and therefore increase their productivity.
Companies using OKRs can benefit from alignment of key objectives by linking all key results in a single Workboard of what should and what shouldn’t be done. By tying all contributors in implementing their OKRs, companies can move on from planning to execution by aligning key objectives.
Companies can benefit through OKRs by keeping the commitment of the employees towards the company goals. This is due to the fact that employees committed to their OKRs will ensure that they are working towards their objectives by sharing their OKRs with their employers on OKR podcast for them to know and track specific goals they are striving to achieve.
The other way in which companies benefit through OKRs is that it creates transparency and overview of employees. By sharing their OKRs on OKR Podcasts, employees can monitor each other and know how they are progressing. Bringing everyone together where all OKRs can be managed helps companies create transparency, overview and accountability, thereby keep a daily tracking of how their employees are meeting their objectives.
The other way in which companies benefit through OKRs is that it increases the learning curve among employees. This is due to the fact that when everyone sits together and share their OKRs to other teams for review, they can be assured of being corrected supposed they are working on the wrong thing or using the wrong format to achieve their OKRs. Because their OKRs are being graded for their own improvement, employees can therefore improve on meeting their OKR objectives for the next sitting therefore increasing the learning curve.