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2 OKR examples for Reward System

What are Reward System 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.

Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.

We've tailored a list of OKRs examples for Reward System 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.

How to write your own Reward System 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.

Reward System OKRs examples

You'll find below a list of Objectives and Key Results templates for Reward System. 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 improve overall team adherence and attendance

  • ObjectiveImprove overall team adherence and attendance
  • KRImplement a monthly rewards system for perfect attendance
  • TaskDetermine criteria for perfect attendance
  • TaskSelect meaningful rewards for recognition
  • TaskCommunicate new reward system to employees
  • KRProvide improvement plans for team members below 98% adherence
  • TaskIdentify areas needing improvement individually for each team member
  • TaskSet regular meetings to monitor and evaluate progress
  • TaskCreate personalized, doable improvement plans for identified areas
  • KRDeploy a system to accurately track individual attendance rates
  • TaskSelect a reliable attendance tracking software
  • TaskTrain staff on how to use the system
  • TaskImplement the attendance tracking system

OKRs to increase overall adherence and attendance rate to 98%

  • ObjectiveIncrease overall adherence and attendance rate to 98%
  • KRReduce absenteeism by addressing individual concerns within the first two weeks
  • TaskFollow up on implemented solutions within two weeks
  • TaskConduct individual interviews to identify specific absenteeism concerns
  • TaskImplement tailored solutions based on gathered feedback
  • KRImplement regular feedback sessions to improve commitment by 5% each month
  • TaskDevelop a constructive feedback model for sessions
  • TaskEstablish routine feedback meetings with all employees
  • TaskTrack improvement progress after each session
  • KRDevelop a reward system prompt for consistent adherence within the first month
  • TaskIdentify key adherence behaviors to be rewarded
  • TaskImplement the interactive reward system
  • TaskDesign attractive rewards for consistent adherence

Reward System 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

Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your 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

Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.

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 Reward System 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:

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 Reward System OKR templates

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

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