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Why Should Your Company Use OKR Goals?
This document summarizes the benefits of using OKR (Objectives and Key Results) goals for companies. It states that OKRs help align employees, focus effort on key priorities, improve communication, create transparency, and establish measurable progress indicators. Research shows companies that use goals see higher performance, better employee engagement, clearer priorities for employees, and more alignment. The document promotes Atiim, an OKR platform, as a way for mid-market companies to achieve maximum performance through goals-based alignment and management.
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Why Should Your Company Use OKR Goals?
- 1. ™ Easily set clearbusiness objectives, align your teams, focus everyone on what matters, track progress, and drive great results.
- 2. ™ NEW 2017-2018 ExpertSeries Why Should Your Company Use OKR Goals ? (Pronounced: A-Team) for OKR Goals & Ongoing Performance Management#1
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- 4. ™ “Ifyoucouldgetallthepeopleinan organizationrowinginthesamedirection,you coulddominateanyindustry,inanymarket, againstanycompetition,atanytime.” The Five Dysfunctionsof a Team byPatrick Lencioni Image Source: Teamapproach
- 5. ™ A team thatis not focused on results: • Stagnatesand failstogrow • Rarelydefeatstheircompetitors • Losesresults-orientedemployees • Everyone focuses on themselves • Getseasilydistracted The Five Dysfunctions of a Team byPatrick Lencioni Image Source: The Table Group
- 6. ™ 95%of employees donot fully understand the company’s goals or what’s expected of them to achieve the company goals Source: Harvard Business Review, Robert Kaplan and David Norton.
- 7. ™ TopEmployeeComplaints AboutManagers Source: HarvardBusiness Review: https://hbr.org/2015/06/the-top-complaints-from-employees-about-their-leaders
- 8. ™ Source: Harvard BusinessReview: https://hbr.org/2016/03/two-thirds-of-managers-are-uncomfortable-communicating-with-employees And What ManagersAdmit In an Anonymous Survey % of Managers Admitting They Not Communicating Or Providing Feedback When…
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- 10. ™ Totalcostofyourworkforce: 70% Source: Brookings Institute& SHRM Research
- 11. ™ Every CompanyWants toAnswer These Questions Is everyoneclear ontheirindividual goalsandhowtheytie tocorporategoals? Canourcompanymeasure everyone’s performanceobjectively andconsistently? Is ourorganizationgetting the performanceit needs fromouremployees andteams?
- 12. ™ Doug Conant, former CEOofCampbellSoup Towininthemarketplace youmustfirstwinintheworkplace.
- 13. ™ The OKR GoalsRevolution
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- 15. ™ OKR video 80 Minutes& 500,000+ viewers!
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- 18. ™ ™ Clear objectives aligneveryoneat yourcompanyand focuscollective effort onwhat really matters so that you can achieve your top corporate goals.
- 19. ™ How Goal-SettingHas EvolvedIn50 Years • Aligned, not just astand-alone objective handed to anindividual • Company-wide Transparency,visible to alland not just byone individual • An Objective can be set with several KPIs, not just one KPI • Allows for cross-functional alignment, not just isolated in a silo • Quarterly objectives (but weekly check-ins),not just once a year • Progress updated with a “check-in” every week, not a few times a year • Taps into the collective wisdom of the team, not just handed down
- 20. ™ 7 ReasonsWhy GreatCompaniesUseOKR Goals 1. Clear and Accurate Communication: inform everyoneabout what is trulyimportant. 2. Focus: focus (and re-focuses) all effort on the keypriorities that are the most important. 3. Alignment: align everyoneat your companyto workon the top objectives; break down silos. 4. Connect Employees: connectyour employees’ workto yourcompany’s mission -this impacts your employees’ performanceand your company’s results. 5. Improve Continuous Learning: OKRs offer your companyfaster learningand improvement that drive better results. 6. Create Transparency and Accountability: OKRs bringtransparencyto yourcompanyand everyonecan see what others areworking onand this drives more collaboration and better performances. 7. Establish Measurable Progress Indicators that Drive Results: by establishing keyprogress indicators towards measurable results everyoneinyour organization can beclear on how to accelerate performance and driver results.
- 21. ™ How Using GoalsAffectOrganizations •74% - higher performance and results • 76% - improved employee engagement • 80% - better “managereffectiveness” • 83% - employees clearly know top priorities • 92% - better company-wide alignment • 95% - more transparency, and… • 97% - employees work harder when colleagues can seetheir goals Sources: Atiim customer surveys; industry analysts, public data, Deloitte/Bersin
- 22. ™ Great CompaniesUse ObjectivesToSucceed
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- 24. ™ Atiim is anenterprise goals and performance management platform that transforms the way organizations and their people align and revolutionizes how companies work to achieve maximum performance and stellar results. Our mission is to make mid-market companies more: aligned, competitive, effective and successful. (Pronounced: A-Team) for OKR Goals & Ongoing Performance Management#1
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Editor's Notes
- #11 Imagine you had technology to get an improvement of 25%.... Take that 25% and multiply by the average payroll cost 100 employees at a company then that's say 100 x $63k (i.e. $62,780 per year is the government average or $31.39/hour average x 2000 hours = $62,780k in USA ) then that is $1.6M saved EVERY year... ($62.3k * 100 people x 25% savings)
- #15 This is the future
- #19 This is the future
- #25 When you ask any employee at a high-performing, well-run company about what are the company’s top goals, they know clearly what they are, and not only that but they know exactly how their own work aligns directly to them (to help achieve the company’s top goals). Atiim helps every company run like that. Atiim is a truly unified and integrated goals & real-time performance management platform for the modern workplace.