OKR template to drive employee engagement through effective Compensation & Benefits strategies

The main aim of this OKR is to bolster employee engagement through effective compensation and benefits strategies. There's an ambitious endeavor to lower benefits-related inquiries by a fifth by enhancing communication. To achieve this, initiatives such as developing clear benefits documentation, creating a FAQ section exclusively for benefits, and conducting regular benefits awareness sessions are in play.

A second objective in this OKR is the introduction of a reward system. The aim is to bring about a 15% rise in positive feedback from employees. This will be achieved by identifying what motivates employees in order to design suitable rewards, implementing this reward system across the company, and formulating a clear performance metric tied to rewards.

A third component of this OKR targets participation in compensation surveys. There is an aim to increase participation by a quarter. The initiatives to achieve this involve providing incentives to complete the survey, developing engaging promotional material for the surveys, and simplifying the survey completion process.

In summary, this OKR is about developing and implementing strategies for effective communication of benefits for employees, establishing a motivating reward system and promoting active participation in compensation surveys. Overall, the goal is to drive employee engagement and foster a better understanding of the company's compensation and benefits.