10 features you should check before buying OKR Software

10 features you should check before buying OKR Software

Recommended reading: Benefits of using OKRs goal-setting software

Why do you require OKR software?

Before understanding why you require OKR software, let’s know what it is. The OKR stands for O- Objectives and KR- Key Results. OKR is a platform that helps organisations of various sizes define their goals and create key features. It is a vision alignment and goal management system that allows the organisation or  the teams or individuals to set the objectives which help achieve their long term or short term vision and understand where they stand and what measures they must take to reach the objective.

The objective mainly indicates what an organisation wants to achieve. At the same time, key results are the factors that need to be implemented by a team or an individual to meet those objectives. These key results are measurable, time-bound and realistic. 

The main reason why you require OKR software is that it helps companies set a goal and distribute them through the lower hierarchy. It helps them focus on the bigger picture and keep the vision aligned. It ensures employees are committed to achieving the key results. Every employee’s goal setting is indicated, and every action they take can impact the object. As it helps, you keep track of everything happening and also help meet the goals within the dedicated time. Here are a few elements you should consider before buying OKR software.

Features to be noted before buying an OKR Software

  1. Organisation Vision alignment 

Vision alignment is one of the main features of why OKR is utilised. It should be a platform that helps you easily to spread your vision to all the employees and it helps you align your yearly and quarterly goals and ensures clarity and that every employee is working towards the same. It also helps to keep transparency in the tasks completed and increases engagement. 

  1. User friendly

When you start OKRs for the first time in your organisation its important the software you select should be user-friendly and help users adapt to the OKR quickly. The interface should include all the necessary attributes so an employee can make the required changes without complications. They should also be able to monitor the goals assigned to a team or a department.

  1. Easy adaptability 

ORK platform should quickly adapt to other external tools or applications. Getting adjusted to a new update or a project must be accessible. Transparency and pre-defined templates help employees rapidly understand and adapt to the OKR

  1. Align and cascade OKR

Align, and cascade OKR is a significant feature that helps in distribution and the team members to work together by sharing tasks with employees at different levels while increasing productivity. As all are working towards the same goal, finding the gaps earlier and aligning them together will help reach the results faster. 

  1. Department wise Goal mapping

Every department has a goal set by them, and goal mapping is a feature that helps other team members know what is happening in other teams. It ensures that all plans are directed towards the organisation’s vision.

  1. Team wise People Mapping

OKR review meetings should be conducted, as this helps increase visibility and productivity. As OKR is a shared goal, the team should be able to view the key results assigned to each member. It helps them understand that the actions are directed towards the main goal and not diverted. 

  1. Quick and Easy check-ins

It is a feature that helps the team conduct quick check-ins on the progress of the OKR. If any problem arises, a short meeting can be undertaken to clear them and discuss the new tasks or priorities.

  1. Comment & Collaborate

OKR changes based on the requirements and industry standards; hence, when changes are required, users should be able to communicate easily with the team and department members. They should also be able to collaborate and achieve the desired results.

  1. Reminders and Follow-up

The OKR software should have options to send reminders of the tasks that need updates and require more focus. Follow-ups also should be included as the members working on the same goal can talk on one-on-one calls. When any issues have occurred, they can be clarified.

  1. OKR Dashboard

The dashboard should contain all the necessary information about the yearly goals and how that gets split into quarterly goals. The top decision-makers and the leaders should be able to understand and take appropriate actions. The insights provided should be up-to-date with real-time values. 

Conclusion

Considering these features, you can comprehend and determine the ORK platform that best suits your organisation’s requirements. We at 10xWinner provide the best OKR softwares suitable for organisations of various sizes. The software helps you align your vision with every employee. The open and hybrid work culture helps the employees understand the goals and work towards them, even if they are located in remote places. The smart tracking feature enables the users to collaborate and reach results faster. We also provide pre-defined templates that can help in easy adaptation. To learn more about our software, visit our website https://10xwinners.com/

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Frequently Asked Questions

What does OKR software refer to?

OKR software refers to specialized software tools and platforms designed to facilitate the implementation, management, tracking, and analysis of the OKR (Objectives and Key Results) framework within organizations. OKR software provides a digital solution for setting and aligning goals, tracking progress, and fostering collaboration across teams and departments.

Which is considered the best OKR software?

The “best” OKR software can vary depending on your organization’s specific needs, goals, size, and preferences. There are several well-regarded OKR software options available, each with its own strengths and features. It’s important to evaluate these platforms based on your organization’s requirements. Here are a few popular OKR software tools that are often considered among the best: Asana, WorkBoard, Perdoo, 15Five, Weekdone, Koan, Gtmhub, Betterworks and Atiim.

How do I select suitable OKR software?

Selecting suitable OKR software requires careful consideration of your organization’s needs, goals, and operational processes. Choose the right OKR software based on the Organization’s Needs, Key Features, Budget, Available Options, Demos, Trials, User-Friendliness, Integration Capabilities, Scalability, Customization Options, Support, Training, Team Consultation, References, Trial Period, Long-Term Value, Data Security and Privacy.

Should OKRs be measurable?

Yes, one of the fundamental principles of the OKR (Objectives and Key Results) framework is that Key Results should be measurable. The concept of measurability is crucial for creating clear and actionable goals that can be tracked, evaluated, and adjusted as needed. Measurable Key Results provide a tangible way to determine progress and success.

Is it essential for everyone to have OKRs?

While the Objectives and Key Results (OKR) framework can provide numerous benefits to organizations, it’s not always necessary for every individual or team to have formal OKRs. The decision to implement OKRs should be based on the organization’s goals, structure, culture, and the specific challenges it aims to address.

What is the ideal duration for setting OKRs?

The ideal duration for setting OKRs depends on various factors, including your organization’s goals, industry, project timelines, and the pace of change within your industry. There is no one-size-fits-all answer, but here are some common timeframes to consider:

  • Quarterly OKRs: Many organizations follow a quarterly OKR cycle, setting objectives and key results every three months. This shorter timeframe allows for more frequent adjustments and adaptations to changing circumstances. Quarterly cycles are especially useful in fast-paced industries and for teams working on projects with relatively short timelines. 
  • Annual OKRs: Some organizations prefer to set OKRs on an annual basis, aligning their objectives and key results with their fiscal year. This approach provides a longer planning horizon and can work well for industries with longer project timelines or less frequent changes. 
  • Biannual OKRs: For organizations that fall between the two extremes, a biannual OKR cycle (every six months) can strike a balance between flexibility and longer-term planning. 
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