Recommended reading: The secret to higher goal attainment and transparency
Introduction
‘UNITY IS STRENGTH’
As a kid, we would have heard this proverb often from our elders. The saying holds a deeper meaning and impact. With the dynamic growth of startup ecosystems, accountability and responsibility have become synonymous with mid-senior- and managerial-level employees. However, employees must be accountable and responsible for their work and deliverables.
Ok. But how can I make the entry-level employees accountable and responsible like the managerial levels?- must be the question in your head.
Strengthening and uniting your team with shared goals will help tackle this challenge. OKR (objectives and Key results) is a strategy that companies use to align their employees towards one vision and increase productivity. Taking accountability and responsibility for their tasks is where the OKR goal setting method will help you. OKR goal-setting software is a modern technology that helps companies envision their goals, track their progress, and allocate resources to the departments that require assistance.
Benefits of OKRs and OKR goal-setting software
- Vision Alignment
OKR goal-setting software will help your organisation set a shared vision and ensure that all the employees are aligned. It will help leaders provide optimal support for the teams to achieve the same. There will be a better understanding of the team’s and individual’s roles in working towards the vision.
- Goal Visualisation
“People can’t connect with what they cannot see; networks cannot blossom in silos. By definition, OKRs are open and visible to all parts of an organisation, to each level of every department. As a result, companies that stick with them become more coherent.”
–John Doerr, Measure What Matters
An OKR goal-setting software can graphically represent the data and visualise the goal for better understanding. This will help motivate remote employees to achieve and work towards the same goal. With the current remote working situation, having an invisible goal can lead to demotivated employees with decreased productivity.
- Focussed Team
OKR framework helps to visualise a bigger picture and break it into smaller pieces so that each part can be assembled to form the bigger picture. Instead of one person looking for all the details, every employee will be helping each other form the bigger picture. This will enable easier achievement of goals, and the employees will be open to helping each other achieve the goals. An OKR Software with a team collaboration feature helps to achieve the goal faster.
- Enables agility and hypergrowth
While working towards a common achievable goal and can have one moonshot goal ( a goal which is not achievable with usual efforts), OKR software will help track your deliverables for the goals accordingly and help scale the growth of the organisation with out-of-the-box ideas in a robust manner.
- Team alignment
Although most organisations are working on the same vision, owing to the remote working setup, there will be misalignments within the team. An OKR software will help teams stay on track with each other as they can track each other’s progress.
- Flexibility
As OKR software helps design a common goal and keeps the team aligned, irrespective of their physical location, it is the best choice for organisations looking forward to remote operations. If you are an organisation looking to migrate to a remote working setup, choose OKR software that will help you with the flexibility and agility to grow your team. An OKR software with mobile app support will help check-ins even more simpler.
- Better employee engagement
OKR software will help increase employee engagement with the company. Companies with higher engagement rates are predicted to witness profits than companies with fewer employee engagement rates.
- Transparency
Organisations using OKR software will achieve greater transparency within the process and operations. Most often, we, the entry-level employees, might not have an exact idea of what our managers are working towards or their targets. With OKR, the whole organisation, from the CEO to the entry-level employee, will know what their peers are working towards.
Conclusion
We at 10xWinners offer competitive goal-setting software that aligns your business vision in an open work culture environment and effectively tracks your OKR. It helps promote healthy collaboration of the teams with an interactive User interface and customisable pre-defined OKR templates. Click on the link below to learn more about how our OKR benefits your business.
Contents
for growth seeking organizations.
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