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What are Employee Retention OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
Writing good OKRs can be hard, especially if it's your first time doing it. You'll need to center the focus of your plans around outcomes instead of projects.
We understand that setting OKRs can be challenging, so we have prepared a set of examples tailored for Employee Retention. Take a peek at the templates below to find inspiration and kickstart your goal-setting process.
If you want to learn more about the framework, you can read our OKR guide online.
The best tools for writing perfect Employee Retention OKRs
Here are 2 tools that can help you draft your OKRs in no time.
Tability AI: to generate OKRs based on a prompt
Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
Watch the video below to see it in action 👇
Tability Feedback: to improve existing OKRs
You can use Tability's AI feedback to improve your OKRs if you already have existing goals.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
Employee Retention OKRs examples
We've added many examples of Employee Retention Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.
Hope you'll find this helpful!
OKRs to boost employee retention across all departments
ObjectiveBoost employee retention across all departments
KRImplement two new benefits or recognition programs based on employee feedback
Analyze survey results and design two new programs- Survey employees to gather feedback on potential benefits programs
- Launch and communicate new programs to all employees
- KRIncrease participation in employee engagement activities by 15%
- Implement regular communication about upcoming engagement activities
- Develop incentive programs to reward participation
- Simplify sign-up processes for engagement activities
- KRDecrease employee turnover rate by 10%
- Implement comprehensive employee training programs
- Develop competitive benefits and compensation packages
- Establish effective communication and feedback system
OKRs to improve Employee Retention
- ObjectiveImprove Employee Retention
- KRImplement a professional development program and have 80% of employees participate
- Design and deliver engaging training sessions that align with employees' needs and goals
- Establish a tracking system to monitor employees' participation and measure the program's effectiveness
- Conduct a needs assessment to identify specific professional development opportunities
- Create a structured mentorship program to support employees' professional growth and knowledge sharing
- KRConduct exit interviews with departing employees and identify recurring themes for improvement
- Ask open-ended questions to gather feedback on employee experience
- Analyze data from exit interviews to identify common areas for improvement
- Implement strategies to address recurring themes and enhance employee satisfaction
- Schedule exit interviews for departing employees
- KRReduce voluntary employee turnover rate by 10% compared to the previous quarter
- KRIncrease employee satisfaction score by 15% through quarterly surveys
- Analyze survey results to identify areas of improvement and develop action plans
- Communicate survey findings and action plans to employees to ensure transparency
- Implement an anonymous and confidential survey to gather employee feedback
- Regularly track and evaluate progress towards the goal and adjust strategies accordingly
OKRs to improve employee retention rates
- ObjectiveImprove employee retention rates
- KRImplement two new staff engagement initiatives with 80% participation
- Survey staff to understand interests and potential engagement initiatives
- Promote initiatives to staff and track participation
- Develop two new initiatives based on survey results
- KRIncrease employee satisfaction score by 15% via surveys
- Make necessary improvements based on survey feedback
- Analyze survey results to identify dissatisfaction areas
- Implement regular anonymous satisfaction surveys for all employees
- KRDecrease staff resignation rate by 5%
- Implement employee engagement and motivation programs
- Conduct regular employee feedback and satisfaction surveys
- Improve compensation and benefits package
OKRs to boost labor retention through strategic implementations
- ObjectiveBoost labor retention through strategic implementations
- KRImplement 2 new retention initiatives enriching employees' work-life balance by quarter-end
- Formulate a detailed plan for implementing chosen initiatives
- Execute and roll out the initiatives firm-wide
- Identify potential retention initiatives improving work-life balance
- KRIncrease employee satisfaction score to over 80% with enhanced welfare programs
- Implement and communicate new welfare programs to all employees
- Develop enhanced welfare programs based on feedback received
- Identify current welfare programs' issues through direct employee feedback
- KRDecrease employee turnover rate by 10% through effective engagement strategies
- Institute a system for employee feedback and recognition
- Implement regular team-building activities
- Establish effective communication and transparency protocols
OKRs to decrease direct funded vacancies under 2% of labor force
- ObjectiveDecrease direct funded vacancies under 2% of labor force
- KRImplement a robust recruitment strategy that fills 70% of open positions
- Identify key roles and skills needed for vacant positions
- Employ diverse sourcing methods to attract potential candidates
- Utilize algorithm-based programs for efficient talent acquisition
- KRIncrease internal promotion processes by 30% to reduce vacancies
- Analyze current promotion trends to identify potential improvements
- Develop a skill-upgrading program for current employees
- Implement and monitor promotion performance scoring system
- KRLower employee attrition rate to 4% through enhancing retention programs
- Implement a comprehensive employee mentorship program
- Create additional opportunities for career advancement
- Enhance benefits packages to increase employee satisfaction
OKRs to enhance employee retention through engaging virtual events
- ObjectiveEnhance employee retention through engaging virtual events
- KRIncrease participation in virtual events by 30%
- Offer incentives or rewards for attendees
- Improve engagement by incorporating interactive elements in the event
- Promote the event effectively through various social media platforms
- KRObtain 80% positive feedback on virtual events' effectiveness and enjoyment
- Implement suggestions for event improvements
- Collect feedback after each event
- Develop engaging content for virtual events
- KRAchieve a 20% reduction in employee turnover rate
- Implement an employee engagement and recognition program
- Improve benefits and compensation packages
- Establish clear career progression pathways
OKRs to minimize employee turnover in the organization
- ObjectiveMinimize employee turnover in the organization
- KRReduce company-wide voluntary turnover rate by 10%
- Implement a comprehensive employee engagement and satisfaction program
- Improve compensation and benefits program based on industry standards
- Conduct exit interviews to understand reasons for leaving
- KRImplement an initiative to improve employee satisfaction, achieving 85% positive feedback
- Conduct a survey to identify current employee satisfaction levels
- Develop and implement strategies to address identified dissatisfaction areas
- Regularly monitor and adjust strategies based on employee feedback
- KRIncrease average employee tenure by 15% through career development initiatives
- Design a comprehensive career development program for all employees
- Implement regular mentoring and coaching sessions
- Encourage employees to attend professional development workshops
OKRs to reduce turnover rate through retention strategies
- ObjectiveIncrease employee retention rate
- KRImplement a mentorship program for new employees
- KRHost monthly employee appreciation events
- KRConduct exit interviews and analyze feedback to improve retention efforts
- KRDevelop a career growth plan for each employee
OKRs to enhance employee engagement and retention
- ObjectiveEnhance employee engagement and retention
- KRAchieve an employee satisfaction score of 90% in internal surveys
- Implement a rewards and recognition program
- Improve communication and transparency within the company
- Execute regular team building exercises and events
- KRImplement at least two key employee wellness programs encouraged by 70% of staff
- Survey staff to identify top two preferred wellness programs
- Research and plan implementation of selected programs
- Launch and communicate chosen wellness programs to staff
- KRReduce employee turnover rate by 20% from current rates
- Provide regular training and professional development opportunities
- Develop a comprehensive benefits and rewards program
- Implement an employee satisfaction survey to identify improvements
OKRs to improve staff retention and foster a positive work culture
- ObjectiveImprove staff retention and foster a positive work culture
- KRIncrease Internal Employee Satisfaction survey scores by 15%
- Implement monthly recognition and reward programs for employees
- Enhance communication and transparency within the company
- Conduct regular training and skill development programs
- KREstablish 2 new team-building activities or initiatives aimed at improving work culture
- Plan logistical details for implementing selected activities
- Introduce activities to team and gather feedback for improvement
- Research and select two suitable team-building activities or initiatives
- KRAchieve a reduction in employee turnover rate by 10%
- Implement regular employee engagement and satisfaction surveys
- Develop a comprehensive employee benefits package
- Offer professional development and training programs
Employee Retention OKR best practices
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to weekly OKR check-ins
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
Save hours with automated OKR dashboards
OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Spreadsheets are enough to get started. Then, once you need to scale you can use Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Employee Retention OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to enhance and scale up pilot training programs
- OKRs to enhance administrative efficiency and streamline daily operations
- OKRs to boost stealth bed and chair pad sales by 20%
- OKRs to enhance capital management for optimal value creation
- OKRs to increase overall company revenue
- OKRs to enhance team efficiency while maintaining work quality