Due to the high demand for organizations to deliver on their future goals and objectives, companies are resulting to 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.
Keeping the employees focused on 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. This is important because it connects employees towards corporate goals by giving a clear direction to every team and individual hence increase their productivity through focus on goals and tracking their regular progress towards the set goals.
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.
Keeping the commitment of the employees towards company goals is the other way in which companies benefit from using OKRs. Employees committed to their OKRs will ensure that they are working towards their objectives by printing and sharing their OKRs with their employers on OKR podcast for them to know and track specific goals they want to achieve.
The other way in which companies benefit through OKRs is that it creates transparency and overview of employees. The fact that every individual can share his or her own OKRs in OKR Podcast makes it possible for other employees to see how they are progressing. This brings everyone together in one tool where all OKRs can be managed, creating transparency, overview and accountability, thereby ensuring daily tracking of how everyone is meeting their objectives.
Companies can benefit through OKRs because it increases the learning curve of the employees. When employees sit together to share their OKRs to other teams for reviews, it makes it possible for them to be corrected suppose they are working on the wrong thing or using the wrong format to achieve their OKRs objectives. Employees can therefore improve on their OKR objectives for the next sitting, making it possible for them to learn new things since their OKRs are being graded for their own improvement.