Use Tability to generate OKRs and initiatives in seconds.
tability.ioWhat are Member Retention 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 understand that setting OKRs can be challenging, so we have prepared a set of examples tailored for Member Retention. Take a peek at the templates below to find inspiration and kickstart your goal-setting process.
If you want to learn more about the framework, you can read our OKR guide online.
Member Retention OKRs examples
You will find in the next section many different Member Retention 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 maximize the growth and retention of customer membership
- ObjectiveMaximize the growth and retention of customer membership
- KRImprove member's loyalty points redemption by 25%
- Implement engaging bonus points events for active members
- Introduce bonus points for frequent purchases
- Enhance visibility and accessibility of redemption options
- KRIncrease membership registrations by 30%
- Improve the website's user-friendly registration process
- Implement an aggressive social media advertising strategy
- Offer referral incentives for existing members
- KRReduce membership cancellations by 15%
- Implement an engaging loyalty or rewards program
- Regularly request and act on member feedback
- Provide exceptional customer service and support
OKRs to boost BUMA's dominance as a premier TAN/CN provider
- ObjectiveBoost BUMA's dominance as a premier TAN/CN provider
- KRSecure 3 high-profile industry partnerships for TAN/CN supply
- Identify potential high-profile industry partners for TAN/CN supply
- Initiate meetings to present and negotiate proposal terms
- Develop a compelling partnership proposal highlighting mutual benefits
- KRRaise sales revenue from TAN/CN products by 20%
- Provide sales team with specialized TAN/CN product training
- Develop and promote bundled deals involving TAN/CN products
- Implement a targeted marketing campaign for TAN/CN products
- KRIncrease the client retention rate by 15%
- Introduce incentive schemes for loyal and long-term clients
- Implement customer-oriented training programs for all client-facing staff
- Enhance client communication by regularly updating on new services and offers
OKRs to increase active members count from 5 to 100
- ObjectiveIncrease active members count from 5 to 100
- KRImprove member retention rate to 90%
- Offer exclusive benefits to loyal members
- Implement personalized engagement strategies for members
- Solicit and act on member feedback
- KRUpscale to a total of 15 weekly trips by increasing trip offerings
- Create and execute advertising campaign for new trips
- Train more staff to handle increased trips
- Evaluate current itinerary for potential for additional trips
- KRSecure at least 30 new memberships in the first month
- Develop a compelling marketing strategy for new memberships
- Establish partnerships with local businesses for referrals
- Offer discounts or incentives for early sign-ups
OKRs to improve Stakeholder Satisfaction
- ObjectiveImprove Stakeholder Satisfaction
- KRAchieve 90% stakeholder retention rate by addressing and resolving their concerns promptly
- Conduct regular stakeholder surveys to identify concerns and areas of improvement
- Develop a robust feedback mechanism to ensure swift resolution of stakeholder issues
- Provide timely and effective communication to stakeholders regarding the progress of issue resolution
- Implement a dedicated stakeholder support team to address concerns promptly
- KRIncrease overall customer satisfaction score by 10% through feedback surveys
- Analyze feedback survey data to identify areas for improvement and prioritize necessary changes
- Implement customer-centric initiatives based on feedback survey insights to enhance overall satisfaction
- Develop a comprehensive feedback survey to gather data on customer satisfaction
- Increase visibility of feedback surveys by promoting them across all customer touchpoints
- KRImplement at least 2 new features/enhancements based on stakeholder feedback to enhance their experience
- Test and validate the implemented features/enhancements to ensure they enhance the stakeholder experience
- Conduct stakeholder interviews and surveys to gather feedback on current features and identify areas for improvement
- Analyze the feedback to prioritize and identify the top 2 features/enhancements for implementation
- Collaborate with the development team to design and develop the selected features/enhancements
- KRReduce average response time to customer inquiries by 20% through improved communication channels
- Set up an automated email system to acknowledge receipt of customer inquiries
- Regularly review and update FAQ section to address common customer queries and concerns
- Implement a live chat feature on the company's website for immediate customer support
- Train customer service representatives in effective communication and problem-solving techniques
How to write your own Member Retention 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 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.
Member Retention 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 Member Retention OKRs
Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs 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.
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 Member Retention OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to to implement a strategic, consistent, and realistic social media approach OKRs to promote cultural humility for diverse, healthy team building OKRs to establish monthly brown bag/office hours with IT OKRs to enhance communication tools for internal project members OKRs to improve self-serve onboarding OKRs to enhance accountability and coordination in onboarding and calls