OKR template to minimize employee turnover in the organization

public-lib · Published 5 months ago

Your OKR template

The stated OKR aims to reduce employee turnover in the organization. The underlying objectives include driving the company-wide voluntary turnover rate down by 10%, supported by initatives such as refining compensation policies and conducting exit interviews. It establishes a particular focus on the employee satisfaction, targeting a strong majority, 85%, to provide positive feedback.

Strategies to accomplish this satisfaction target includes the assessment of employee contentment levels through surveys, strategies to mitigate dissatisfaction areas, actively and continuously modifying policies based on feedback. Additionally, improving career development plays a significant role in this goal, which would potentially increase an employee’s time spent within the firm by 15%.

This career development target would be facilitated by creating a career development program and maintaining periods of mentoring and coaching. Opportunities for professional development e.g. workshops would also be emphasized. Every initiative is assessed on a numeric base of 0 to 100 with the end goal being 100% completion or success.

The commitments underline an organization-wide application and require continuous monitoring and evolution stacked on employee feedback, pivotally assigning roles and expecting active participation from both management and employees. The end results, reduced turnover and increased satisfaction and tenure periods, would boost the performance, growth and reputation of the company.

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

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