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6 OKR examples for Compliance Department

What are Compliance Department 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 have curated a selection of OKR examples specifically for Compliance Department to assist you. Feel free to explore the templates below for inspiration in setting your own goals.

If you want to learn more about the framework, you can read our OKR guide online.

How to write your own Compliance Department OKRs

Option 1. Turn ideas into OKRs with Tability AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here.

You can use Tability's AI generator to create tailored OKRs based on your specific context. Tability can turn your objective description into a fully editable OKR template -- including tips to help you refine your goals.

Tability will then use your prompt to generate a fully editable OKR template.

Watch the video below to see it in action 👇

Option 2. Optimise existing OKRs with Tability Feedback tool

If you already have existing goals, and you want to improve them. You can use Tability's AI feedback to help you.

AI feedback for OKRs in TabilityTability's Strategy Map makes it easy to see all your org's OKRs

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.

You can then decide to accept the suggestions or dismiss them if you don't agree.

Option 3. Use the free OKR generator

If you're just looking for some quick inspiration, you can also use our free OKR generator to get a template.

Unlike with Tability, you won't be able to iterate on the templates, but this is still a great way to get started.

Compliance Department OKRs examples

You will find in the next section many different Compliance Department Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).

Hope you'll find this helpful!

OKRs to ensure compliance and adaptability of Finance department for long-term success

  • ObjectiveEnsure compliance and adaptability of Finance department for long-term success
  • KRIdentify and prioritize areas for automation and digitization within the Finance department
  • KRImplement updated financial policies and procedures to meet regulatory requirements
  • TaskRevise and update financial policies and procedures to align with regulatory standards
  • TaskConduct a comprehensive review of existing financial policies and procedures
  • TaskIdentify gaps between existing policies and regulatory requirements
  • TaskCommunicate and train employees on the updated financial policies and procedures
  • KRTrain all Finance department staff on new compliance protocols and best practices
  • TaskSchedule a training session for all Finance department staff
  • TaskConduct role-playing exercises to practice implementing the best practices
  • TaskAssess the knowledge and understanding of staff through a post-training evaluation
  • TaskDevelop training materials and resources for the new compliance protocols
  • KRDevelop a roadmap for integrating emerging technologies to future-proof Finance operations

OKRs to enhance enterprise-wide governance, risk, and compliance

  • ObjectiveEnhance enterprise-wide governance, risk, and compliance
  • KRImplement a robust governance framework across 70% of the company departments
  • TaskTrain department heads on governance procedures
  • TaskIdentify key departments needing governance framework implementation
  • TaskDevelop a tailored governance framework
  • KRDecrease non-compliance incidents by 30% through improved risk management procedures
  • TaskImplement mandatory risk management training for all employees
  • TaskImprove surveillance audits to detect non-compliance
  • TaskUpdate compliance policies to reflect current legislation
  • KRTrain 100% of the staff on compliance regulations and company policies
  • TaskSchedule training sessions for all staff members
  • TaskMonitor and document staff's training progress
  • TaskDevelop a comprehensive compliance and policy training program

OKRs to enhance compliance and engagement through sales audit

  • ObjectiveEnhance compliance and engagement through sales audit
  • KRIdentify and rectify at least 75% of recorded non-compliance issues by week 12
  • TaskDevise an effective strategy to rectify issues
  • TaskImplement the strategy before week 12
  • TaskReview all recorded non-compliance issues
  • KRConduct and complete 100% sales audit for all departments by week 8
  • TaskEvaluate, compile and submit audit findings by week 8
  • TaskDetermine essential data points required for sales audit by week 2
  • TaskImplement a systematic sales audit process starting week 3
  • KRIncrease staff engagement in compliance initiatives by 30% through training and communication
  • TaskImplement regular communication channels to discuss compliance matters
  • TaskDevelop a comprehensive compliance training program for all staff members
  • TaskUtilize incentives to motivate staff participation in compliance initiatives

OKRs to enhance risk management approaches in our tech organization

  • ObjectiveEnhance risk management approaches in our tech organization
  • KRTrain 90% of staff on updated risk management protocols by end of quarter
  • TaskIdentify staff needing training on risk management protocols
  • TaskSchedule and organize training sessions for identified staff
  • TaskMonitor and track staff training progress
  • KRReduce operational risk instances by 30% through revised preventive measures
  • TaskConduct regular risk assessment trainings for staff
  • TaskConduct a thorough review of existing preventative measures
  • TaskDevelop and implement improved safety protocols
  • KRImplement newly designated risk management software accurately within all departments
  • TaskEnsure software compatibility with existing department systems
  • TaskTrain all department heads on new risk management software
  • TaskMonitor and address issues during software integration period
  • KRAchieve at least 90% compliance with new risk mitigation strategies across all divisions
  • TaskTrain all division heads on new risk mitigation strategies
  • TaskCreate measurable, division-specific compliance objectives
  • TaskMonitor and report compliance regularly for accountability

OKRs to enhance internal auditing effectiveness for technology in the organization

  • ObjectiveEnhance internal auditing effectiveness for technology in the organization
  • KRReduce technology-related non-compliance issues by 20%
  • TaskImplement regular technology compliance training sessions
  • TaskUpgrade security software to minimize breach risks
  • TaskConduct frequent audits of technology use
  • KRUpskill 75% of the audit team in advanced technology-focused auditing procedures
  • TaskSchedule and implement training sessions
  • TaskDevelop or source relevant training programs
  • TaskIdentify needed technology-focused auditing procedures
  • KRImplement a new, comprehensive audit software across the department by quarter-end
  • TaskIdentify key features needed in new audit software
  • TaskTrain all department staff on new software
  • TaskSelect and purchase suitable audit software

OKRs to enhance compliance and precision in payroll management

  • ObjectiveEnhance compliance and precision in payroll management
  • KRPerform regular audits of payroll systems, ensuring 100% compliance with regulations
  • TaskRegularly review and update audit procedures
  • TaskImplement a compliance checklist for regulations
  • TaskEstablish frequent payroll system audit schedule
  • KRConduct bi-weekly staff training sessions, improving payroll comprehension by 80%
  • TaskImplement a feedback system to measure comprehension improvements
  • TaskSchedule bi-weekly staff training sessions on payroll system
  • TaskDevelop clear, comprehensive payroll training materials
  • KRImplement a digital payroll system, reducing manual errors by 60%
  • TaskResearch top-rated digital payroll systems suitable for the company
  • TaskMonitor, evaluate, and report system's performance and error rates
  • TaskInitiate staff training for effective utilization of the new system

Compliance Department 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.

How to track your Compliance Department OKRs

Quarterly OKRs should have weekly updates to get all the benefits from the framework. Reviewing progress periodically has several advantages:

We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using a proper OKR-tracking tool for it.

If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.

More Compliance Department OKR templates

We have more templates to help you draft your team goals and OKRs.

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