3 customisable OKR examples for Labor Retention

What are Labor Retention OKRs?

The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.

OKRs are quickly gaining popularity as a goal-setting framework. But, it's not always easy to know how to write your goals, especially if it's your first time using OKRs.

We've tailored a list of OKRs examples for Labor Retention to help you. You can look at any of the templates below to get some inspiration for your own goals.

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

Building your own Labor Retention OKRs with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.

Our customisable Labor Retention OKRs examples

We've added many examples of Labor 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!

1. OKRs to boost labor retention rate

Boost labor retention rate
Increase job satisfaction rate by 30% via employee recognition and rewards program
Implement a comprehensive employee recognition program
Regularly communicate individual accomplishments company-wide
Develop measurable reward systems for high performers
Decrease staff turnover by 15% through implementation of improved support schemes
Implement career development programs for staff advancement
Develop and enforce an employee recognition system
Establish a comprehensive benefits package for all employees
Enhance engagement scores by 20% by providing regular staff training

Implement this OKR

2. OKRs to boost labor retention through strategic implementations

Boost labor retention through strategic implementations
Implement 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
Increase 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
Decrease 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

employee-retention employee-satisfaction human-resources-manager employee-engagement-specialist human-resources-team employee-engagement-team

Implement this OKR

3. OKRs to decrease direct funded vacancies under 2% of labor force

Decrease direct funded vacancies under 2% of labor force
Implement 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
Increase 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
Lower 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

vacancy-reduction employee-retention recruitment-specialist employee-retention-officer human-resources talent-acquisition-team

Implement this OKR

Labor Retention OKR best practices to boost success

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.

Tability's audit dashboard will highlight opportunities to improve OKRs

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.

Tability's check-ins will save you hours and increase transparency

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 turn your Labor Retention OKRs in a strategy map

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 a proper OKR platform to make things easier.

Tability's Strategy Map makes it easy to see all your org's OKRs

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 Labor Retention OKR templates

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

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.

To learn: What is the meaning of OKRs
Blog posts: ODT Blog
Success metrics: KPIs examples

What's next? Try Tability's goal-setting AI

You can create an iterate on your OKRs using Tability's unique goal-setting AI.

Watch the demo below, then hop on the platform for a free trial.

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