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9 OKR examples for Saving

Turn your spreadsheets into OKR dashboards with Tability

Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.

What are Saving 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.

How you write your OKRs can make a huge difference on the impact that your team will have at the end of the quarter. But, it's not always easy to write a quarterly plan that focuses on outcomes instead of projects.

That's why we have created a list of OKRs examples for Saving 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.

The best tools for writing perfect Saving OKRs

Here are 2 tools that can help you draft your OKRs in no time.

Tability AI: to generate OKRs based on a prompt

Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.

Watch the video below to see it in action 👇

Tability Feedback: to improve existing OKRs

You can use Tability's AI feedback to improve your OKRs if you already have existing goals.

AI feedback for OKRs in Tability

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.

Saving OKRs examples

We've added many examples of Saving 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!

OKRs to implement cost savings/automation initiative

  • ObjectiveImplement cost savings/automation initiative
  • KRDevelop detailed implementation plan for chosen initiative by week 8
  • TaskIdentify objectives and deliverables of the chosen initiative
  • TaskAssign roles and responsibilities related to the plan
  • TaskDevelop comprehensive timeline for each task by week 8
  • KRIdentify 3 potential areas for cost savings/automation by week 4
  • TaskReview current expenditures to identify key cost areas
  • TaskAnalyse processes for potential automation
  • TaskIdentify inefficiencies within procedures
  • KRAchieve 10% cost reduction or time savings via the implemented initiative by week 12
  • TaskSet clear goals for the initiative focusing on cost reduction
  • TaskAdapt and improve strategies according to progress
  • TaskRegularly track and evaluate the initiative's performance

OKRs to engage customers with allurements and cost-saving opportunities

  • ObjectiveEngage customers with allurements and cost-saving opportunities
  • KRIncrease website click-through rate on offers by 20%
  • TaskOptimize landing pages to highlight specific offers
  • TaskEnhance website load speed and mobile optimization
  • TaskImplement A/B testing to improve advertisement efficiency
  • KRIncrease subscription to email newsletters for special offers by 15%
  • TaskImplement a referral program for existing subscribers
  • TaskCreate engaging content to encourage newsletter sign-ups
  • TaskOptimize website for user-friendly newsletter sign-ups
  • KRElevate redeemed coupon rate by 25%
  • TaskCreate appealing, well-targeted marketing emails for current and potential customers
  • TaskSimplify the coupon redemption process for customers
  • TaskImprove and diversify coupon incentives

OKRs to increase savings towards the 10k annual goal

  • ObjectiveIncrease savings towards the 10k annual goal
  • KRSave 1,000 dollars from each month's salary
  • TaskSet up automatic monthly transfer to savings account
  • TaskCreate and observe a strict budget
  • TaskEvaluate and cut unnecessary expenses
  • KRCut unnecessary expenses by 20% to save additional 500 dollars monthly
  • TaskCancel unused memberships and subscriptions
  • TaskReview monthly expenditures and identify nonessential costs
  • TaskReduce dining out and grocery spending
  • KRAdd an extra income stream bringing in 500 dollars a month at minimum
  • TaskResearch and identify viable passive income ideas
  • TaskLaunch a part-time online business or service
  • TaskInvest in dividend-paying stocks or mutual funds

OKRs to streamline vendor management for efficient cost savings and digitalized P2P process

  • ObjectiveStreamline vendor management for efficient cost savings and digitalized P2P process
  • KRReduce vendor costs by 15% through negotiation and strategic sourcing
  • TaskDevelop and implement strategic sourcing strategies with chosen vendors
  • TaskIdentify all current vendor contracts and review cost details
  • TaskPrioritize vendors for renegotiation based on potential cost savings
  • KRImprove P2P process turnaround time by 30%, leveraging digital tools and automation
  • TaskTrain staff on efficient use of new automation tools
  • TaskOptimize P2P process workflow with AI-powered tooling
  • TaskImplement digital systems to automate invoice generation and payment
  • KRAchieve 90% digitalization of P2P processes to enhance operational efficiency
  • TaskImplement digital software platforms for P2P interactions
  • TaskMonitor and evaluate digitalization progress regularly
  • TaskTrain staff on digital P2P process management

OKRs to successfully save money to build an investment fund

  • ObjectiveSuccessfully save money to build an investment fund
  • KRSet aside 20% of monthly income to a dedicated savings account
  • TaskOpen a separate savings account for monthly deposits
  • TaskSet up monthly automatic transfers to savings account
  • TaskCalculate 20% of anticipated monthly income
  • KRResearch and select 2-3 potential investment opportunities
  • TaskConduct thorough research on potential investment opportunities
  • TaskDefine specific criteria for selecting investment opportunities
  • TaskChoose 2-3 investments that meet your criteria
  • KRReduce unnecessary expenditure by 15% to increase savings
  • TaskIdentify and eliminate all nonessential expenses
  • TaskRegularly review and adjust the budget plan
  • TaskUtilize cash over credit to avoid overspending

OKRs to reduce overall IT expenditure per employee

  • ObjectiveReduce overall IT expenditure per employee
  • KRDecrease hardware renewal cost by 20%
  • TaskIdentify and eliminate unnecessary hardware assets
  • TaskImplement preventative maintenance strategies on existing hardware
  • TaskNegotiate better contracts with hardware vendors
  • KRImplement software use audits to identify 15% cost-saving opportunities
  • TaskIdentify key software used in organization operations
  • TaskAnalyze audit findings to identify cost-saving opportunities
  • TaskDevelop and implement a software auditing process
  • KRAchieve a 10% reduction in IT service contractor expenses
  • TaskExplore cheaper alternatives or in-house solutions for IT services
  • TaskEvaluate current IT service contracts for potential cost-saving opportunities
  • TaskNegotify renegotiations or cancellations of costly contracts

OKRs to grow personal net worth to $1m through strategic investments and savings

  • ObjectiveGrow personal net worth to $1m through strategic investments and savings
  • KRInvest 30% of saved income wisely in high-yield platforms
  • TaskAllocate 30% of saved income for investment
  • TaskStrategically invest funds in chosen platforms
  • TaskIdentify high-yield investment platforms with a good reputation
  • KRLimit expenses to save 50% of each month's income
  • TaskEstablish a consistent habit of depositing savings first
  • TaskSplurge on necessities only to cut down on extra expenses
  • TaskConsider cost-effective versions of daily used items
  • KRIncrease passive income by 30% through evaluation and portfolio diversification
  • TaskResearch diverse investment opportunities for higher returns
  • TaskAnalyze current portfolio to identify underperforming assets
  • TaskAllocate investments strategically to profitable assets

OKRs to successfully migrate on-premises infrastructure to cloud service

  • ObjectiveSuccessfully migrate on-premises infrastructure to cloud service
  • KRTrain all team members on how to use the new cloud service effectively
  • TaskSchedule training sessions for all team members
  • TaskIdentify suitable training course for new cloud service
  • TaskMonitor and assess team's proficiency post-training
  • KRComplete migration of all essential data and applications using cloud service
  • TaskBegin transferring prioritized data to the cloud service
  • TaskAssess and categorize all data and applications for migration
  • TaskConduct thorough post-migration testing and verification
  • KRAchieve cost savings of at least 20% compared to current on-premises setup
  • TaskEstablish and implement a company-wide energy saving program
  • TaskEvaluate and implement more efficient, cost-effective technologies
  • TaskInitiate negotiations with current vendors for price reductions

OKRs to boost sales volume and ensure long-term company sustainability

  • ObjectiveBoost sales volume and ensure long-term company sustainability
  • KRDevelop two new client relationships for potential future sales agreements
  • TaskIdentify potential clients aligning with our product/service offerings
  • TaskDevelop and present tailored proposals to identified clients
  • TaskReach out to potential clients, initiate discussions
  • KRImplement cost-saving measures to improve net profit margin by 10%
  • TaskEvaluate and optimize supplier contracts for lower costs
  • TaskOptimize workforce management to reduce overtime payments
  • TaskImplement energy-saving procedures in company operations
  • KRAchieve a 15% increase in sales by expanding our customer base
  • TaskEnhance customer service to improve retention rates
  • TaskDevelop and implement an aggressive marketing strategy
  • TaskIdentify and target new customer demographics

Saving 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.

Save hours with automated OKR dashboards

AI feedback for OKRs in Tability

Your quarterly OKRs should be tracked weekly if you want to get all the benefits of the OKRs framework. Reviewing progress periodically has several advantages:

Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, you can move to Tability to save time with automated OKR dashboards, data connectors, and actionable insights.

How to get Tability dashboards:

That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.

More Saving OKR templates

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

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