OKR template to efficiently streamline the monthly payroll process

public-lib · Published 4 months ago

Your OKR template

The OKR aims to streamline the monthly payroll process efficiently. The objective involves reducing payroll errors by 30%, effectively increasing overall department accuracy. This will be achieved through regular audits of payroll procedures, the implementation of accurate payroll processing software, and developing and enforcing strict payroll data entry guidelines.

The second part of the objective mentions the implementation of an automated payroll system, reducing processing time by 50%. Monitoring and adjusting the system for optimal performance are prioritized initiatives. Also, carefully researching and selecting an appropriate automated payroll system, coupled with provision of necessary training to staff on this new system falls under the initiatives.

Another crucial part of this OKR involves training all HR staff on the new payroll system. This is to ensure 100% adoption of the new system. This will be done through scheduling training sessions for HR staff, following up with each HR staff member to confirm system adoption, and monitoring them during the initial use of the new payroll system.

To summarise, the main goal of this OKR is to make the monthly payroll process more efficient and error-free. The initiatives taken for the goal involve rigorous checking of the procedures, implementing new software, creating strict data entry guidelines, and ensuring complete adoption of the new system by the HR staff.

ObjectiveEfficiently streamline the monthly payroll process
KRReduce payroll errors by 30% increasing overall department accuracy
Regularly audit payroll procedures to locate errors
Implement and train staff on accurate payroll processing software
Develop and enforce strict payroll data entry guidelines
KRImplement an automated payroll system reducing processing time by 50%
Monitor and adjust system for optimal performance
Research and select a suitable automated payroll system
Train staff on the new automated payroll system
KRTrain all HR staff on the new payroll system ensuring 100% adoption
Schedule a training session for HR staff on the new payroll system
Follow up with each HR staff member to confirm system adoption
Monitor HR staff during initial use of new payroll system

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