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tability.ioWhat are Equity 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.
Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.
That's why we have created a list of OKRs examples for Equity to help. You can use any of the templates below as a starting point to write your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
Equity OKRs examples
You'll find below a list of Objectives and Key Results templates for Equity. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.
Hope you'll find this helpful!
OKRs to radically boost fundraising efficacy and secure debt and equity
ObjectiveRadically boost fundraising efficacy and secure debt and equity
KRSecure equity investment of $2 million through pitches to potential investors
Identify and research high-net-worth potential investors- Schedule and prepare engaging investment pitches for those investors
- Create a compelling, detailed business plan for potential investors
- KRIncrease the fundraising amount by 30% through targeted campaigns
- Research potential donors and their interests for targeted appeals
- Develop compelling campaign messaging to attract higher donations
- Implement a personalized outreach strategy to potential high-value donors
- KRSecure $1 million in low-interest debt financing from financial institutions
- Prepare a compelling loan application emphasising repayment capability
- Schedule and organize meetings for negotiation with institutions
- Research and identify potential financial institutions for low-interest debt financing
OKRs to strengthen HR compliance and DEI program adherence in Kenya
- ObjectiveStrengthen HR compliance and DEI program adherence in Kenya
- KRIncrease percentage of employees completing DEI training by 20%
- Develop engaging, relevant DEI training material
- Schedule mandatory training sessions for all employees
- Implement incentives for course completion
- KRConduct 3 comprehensive legal compliance training for HR unit by end of quarter
- Identify necessary topics for legal compliance training
- Implement these trainings to the HR unit
- Schedule and plan three comprehensive trainings
- KRImplement revised HR policies aligning with Kenya legal framework, with zero discrepancies
- Review current HR policies for compliance with Kenya legal framework
- Communicate and enforce revised HR policies across the firm
- Identify and rectify any discrepancies in the policies
OKRs to improve Compensation Plan
- ObjectiveImprove Compensation Plan
- KRIncrease employee satisfaction by implementing pay raises based on performance evaluation
- KRImprove cost efficiency by optimizing the compensation plan to decrease overhead expenses
- KREnhance equity by conducting a thorough analysis to identify any pay disparities among employees
- Develop and implement strategies to address identified pay disparities and ensure equal compensation
- Collect and analyze salary data to identify any pay disparities among employees
- Conduct interviews or surveys to gather feedback on employee perceptions of pay equity
- Compare compensation across different job roles to determine if there are significant gaps
- KRReduce turnover rate by revising the compensation structure to align with market standards
- Develop a revised compensation plan that aligns with market standards and addresses employee needs
- Review and analyze the company's existing compensation structure
- Conduct market research to determine current compensation standards for relevant positions
- Communicate the revised compensation structure to employees and seek their feedback and suggestions
OKRs to enhance diversity, equity, and inclusion in our performance evaluation process
- ObjectiveEnhance diversity, equity, and inclusion in our performance evaluation process
- KRDevelop and implement a new performance review structure that equally emphasizes DEI
- Create a draft plan integrating DEI into reviews
- Research DEI-focused performance review methods
- Implement and monitor the new structure
- KRIncrease the representation of diverse employees in the top performance quartile by 25%
- Promote diverse employees based on their skills and performance
- Implement diversity training sessions to team leaders
- Develop inclusive hiring strategies targeting diverse talent pools
- KRTrain 100% of our evaluators on DEI principles and bias elimination techniques
- Develop comprehensive DEI training program for evaluators
- Schedule mandatory training sessions for all evaluators
- Monitor and track evaluators' progress and understanding
How to write your own Equity OKRs
1. Get tailored OKRs with an AI
You'll find some examples below, but it's likely that you have very specific needs that won't be covered.
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.
- 1. Go to Tability's plan editor
- 2. Click on the "Generate goals using AI" button
- 3. Use natural language to describe 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.
- 1. Go to Tability's plan editor
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on "Generate analysis"
Tability's Strategy Map makes it easy to see all your org's OKRsTability 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.
Equity 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 Equity OKRs
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
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
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 Equity OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to reinforce innovation within the finance department operations
- OKRs to successfully manage strategic partnership
- OKRs to expand audience reach
- OKRs to develop and implement system architecture for new project
- OKRs to develop innovative, engaging team-building activities
- OKRs to establish successful strategy execution for value realization