OKR template to enhance employee satisfaction with total remuneration

public-lib · Published over 1 year ago

Your OKR template

The purpose of this OKR is to increase employee satisfaction with the total remuneration provided by the company. This will be achieved through four main objectives. First, the plan aims to reduce the employee turnover rate by 5% by implementing competitive salary benchmarking and adjustments. Without initiatives for this specific goal, it can reflect the general guidelines applied by the HR team.

Secondly, a 10% rise in the employees' participation in the performance-based bonus program is expected. To reach this target, feedback mechanisms will be put in place to assist with the complaints and suggestions tied to the program. Excellent communication channels will be promoted, incentives provided for engaged employees, and regular performance metrics updates will be provided to maintain their interest.

Third, the plan anticipates for a 20% rise in the use of flexible benefits through targeting awareness campaigns. Helping employees realize the advantages, promotions through multiple channels, monitoring and adjustments, and a strategic campaign are initiatives set to support this goal.

Last, the scheme aims to enhance the average satisfaction survey rating concerning full compensation by 15%. Regular revisions of compensation policies plus adjustments according to industry standards will be implemented. Additional benefits or perks will be provided, and a comprehensive review of the current compensation package will be conducted.

ObjectiveEnhance employee satisfaction with total remuneration
KRReduce employee turnover rate by 5% through competitive salary benchmarking and adjustments
KRAchieve a 10% increase in employee participation in the performance-based bonus program
Implement a feedback mechanism to address concerns and suggestions related to the bonus program
Enhance communication channels to educate employees about the performance-based bonus program
Offer incentives for employees who actively engage and participate in the bonus program
Provide regular updates on performance metrics and achievements to increase employee interest
KRIncrease usage of flexible benefits by 20% through targeted awareness campaigns
Develop engaging content and materials highlighting the advantages of flexible benefits
Utilize multiple communication channels to promote the benefits and increase awareness
Regularly monitor and analyze the campaign's impact and make necessary adjustments for improvement
Create a comprehensive targeted awareness campaign strategy for flexible benefits
KRImprove the average rating of employee satisfaction surveys on total compensation by 15%
Regularly evaluate and adjust compensation policies to align with industry standards and employee expectations
Implement additional benefits or perks to enhance the overall compensation package
Conduct a comprehensive review of the current total compensation package for employees
Communicate and educate employees about the various components of their total compensation

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