OKR template to streamline and optimize the payroll process

public-lib · Published 6 months ago

Your OKR template

The objective of this OKR is to streamline and optimize the payroll process. This is to be accomplished by implementing automated payroll software, which should reduce manual entry by 50%, and improving system efficiency to decrease processing time by 20%.

Training staff to understand and take full advantage of the new software is one of the crucial initiatives outlined. Other initiatives include selecting the right automated payroll software and making a gradual shift from manual to automated entry.

Another important part of the OKR is ensuring that calculations and payments are 100% accurate in each payment cycle. This could be achieved by implementing a double-checking system, providing training for accurate payroll processing, and periodically updating and reviewing the payroll software.

Lastly, the overall efficiency of the payroll process will be improved through identification and rectification of bottlenecks in the current system, training staff on efficient practices, and automating repetitive payroll tasks.

ObjectiveStreamline and optimize the payroll process
KRImplement automated payroll software by reducing manual entry by 50%
Train employees on utilization and benefits of the software
Select suitable automated payroll software for the company
Gradually transition from manual entry to automated system
KRDecrease processing time by 20% through improved payroll system efficiency
Identify bottlenecks in the current payroll system
Train staff on efficient payroll system practices
Implement automation for repetitive payroll tasks
KREnsure 100% accuracy in payroll calculations and payments each cycle
Implement double-checking system for payroll calculations
Train staff on accurate payroll processing
Regularly update and review payroll software

Use in Tability

How to edit and track OKRs with Tability

You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.

Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.

With Tability you can:

Use AI to draft a complete set of OKRs in seconds
Connect your OKRs and team goals to your project
Automate reporting with integrations and built-in dashboard

Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.

The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.

Step 1. Sign up for a free Tability account

Go tohttps://tability.app/signup and create your account (it's free!)

Step 2. Create a plan

Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.

Step 3. Use the magic importer

Click on Use magic import to open up the Magic Import modal.

Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.

Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!

Now, just click on Import from text and let the magic happen.

Once your example is in the plan editor, you will be able to:

Edit the objectives, key results, and tasks
Click on the target 0 → 100% to set better target
Use the tips and the AI to refine your goals

Step 4. Publish your plan

Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.

From there you will have access to all the features that will help you and your team save hours with OKR reporting.

10+ built-in dashboards to visualise progress on your goals
Weekly reminders, data connectors, and smart notifications
9 views to map OKRs to strategic projects
Strategy map to align teams at scale