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HR & People OKR example

Develop a fair, competitive salary, benefits and housing strategy

A starting point for clearer priorities and measurable progress. Make the targets your own.

Suggested timeframe: Set with your team1 objective · 3 key results
YOUR STARTING POINTHR & People OKRs
OBJECTIVE

Develop a fair, competitive salary, benefits and housing strategy

  1. KR 1

    Establish a housing assistance program for the 50% lowest paid employees

  2. KR 2

    Implement adjustments ensuring 95% of employees perceive their salary as equitable

  3. KR 3

    Benchmark salaries and benefits against similar roles in a market analysis

Ideas to get you moving
  • Identify the 50% lowest paid employees
  • Determine housing assistance budget availability
  • Develop a robust housing assistance program
  • Conduct anonymous survey to gauge current salary satisfaction levels
  • Implement salary adjustments based on survey and market analysis
  • Analyze market rates for equivalent roles and experience
  • Identify similar roles in the market for comparison
  • Research and compile salary data for these roles
  • Compare benefit packages offered for each role
Example targets. Adapt to your baseline before you start.

About this template

The OKR aims to develop a fair, competitive salary, benefits and housing strategy. The first objective involves establishing a housing assistance program for the 50% lowest paid employees. This is achieved by identifying the employees, determining budget availability, and creating a robust housing assistance program.

Another objective is to implement adjustments ensuring 95% of employees perceive their salary as equitable. This will involve conducting an anonymous salary satisfaction survey, implementing salary adjustments based on survey results and market analysis, and analyzing market rates for equivalent roles.

The final objective in this OKR includes benchmarking salaries and benefits against similar roles through a market analysis. This involves identifying similar roles in the market for comparison, researching, and compiling salary data for these roles, and comparing the benefit packages offered for each role.

The overall goal is to create a strategy that enhances employee satisfaction and competitive advantage in the market. It aims at enhancing fairness and competitiveness in salary distribution, benefits, and housing assistance.

Make it work for your team

01

Set your baseline. Check where you are today, then choose targets that stretch your team.

02

Agree on ownership. Give each key result a clear owner and a source of data.

03

Check in every week. Review the numbers, share confidence, and decide what needs attention.

Get this template as YAML

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---
title: Develop a fair, competitive salary, benefits and housing strategy
objectives:
- title: Develop a fair, competitive salary, benefits and housing strategy
  outcomes:
  - title: Establish a housing assistance program for the 50% lowest paid employees
    from: 0.0
    to: 100.0
    score_format: _number_%
    initiatives:
    - title: Identify the 50% lowest paid employees
    - title: Determine housing assistance budget availability
    - title: Develop a robust housing assistance program
  - title: Implement adjustments ensuring 95% of employees perceive their salary as
      equitable
    from: 0.0
    to: 100.0
    score_format: _number_%
    initiatives:
    - title: Conduct anonymous survey to gauge current salary satisfaction levels
    - title: Implement salary adjustments based on survey and market analysis
    - title: Analyze market rates for equivalent roles and experience
  - title: Benchmark salaries and benefits against similar roles in a market analysis
    from: 0.0
    to: 100.0
    score_format: _number_%
    initiatives:
    - title: Identify similar roles in the market for comparison
    - title: Research and compile salary data for these roles
    - title: Compare benefit packages offered for each role
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