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What are Talent 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.
Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.
We have a collection of OKRs examples for Talent Retention to give you some inspiration. You can use any of the templates below as a starting point for your OKRs.
If you want to learn more about the framework, you can read our OKR guide online.
The best tools for writing perfect Talent Retention 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.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
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.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
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.
Talent Retention OKRs examples
You will find in the next section many different Talent 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 enhance talent acquisition and retention strategies
ObjectiveEnhance talent acquisition and retention strategies
KRImplement an updated onboarding process leading to 20% decrease in new hire turnover
Train managers on executing the new onboarding process- Track new hire turnover rates and adjust strategies
- Design comprehensive onboarding material for new hires
- KRBoost employee engagement scores by 15% using improved retention programs
- Enhance internal communication and feedback systems
- Promote work-life balance policies and benefits
- Implement comprehensive employee training and development programs
- KRIncrease number of qualified applicants by 25% through targeted recruitment strategies
- Implement employer branding strategy to attract potential candidates
- Utilize targeted job advertisements on niche platforms
- Develop employee referral programs to reach qualified individuals
OKRs to boost talent retention
- ObjectiveIncrease Employee Retention
- KRCreate an employee recognition program
- Select a method of recognizing employees who meet the criteria.
- Set goals and criteria for employee recognition.
- Identify a reward system for employees who meet the criteria.
- Create a system for tracking employee recognition.
- KRIncrease employee retention rate by 15%
- Create an engaging work environment.
- Develop a competitive benefits package.
- Establish a career growth plan.
- Implement regular performance reviews.
- KRIncrease employee satisfaction ratings by 25%
- Create a list of actionable items to improve employee satisfaction.
- Monitor employee satisfaction ratings and make adjustments as needed.
- Survey employees to gain insight into their satisfaction levels.
- Implement a system to track employee satisfaction ratings.
OKRs to enhance talent retention strategies
- ObjectiveEnhance talent retention strategies
- KRImplement training programs to improve skills of at least 75% of the employees
- Implement and monitor said training programs
- Develop appropriate training programs in those areas
- Identify areas of skill deficiency among employees
- KRIncrease employee engagement scores by 15% through enhanced communication strategies
- Introduce an open-door policy for improved cross-level communication
- Conduct regular, structured feedback sessions to address employee concerns
- Implement weekly team meetings to discuss objectives and progress
- KRReduce staff turnover by 10% by implementing a comprehensive employee satisfaction program
- Implement feedback from satisfaction surveys
- Develop an employee satisfaction program
- Conduct regular employee satisfaction surveys
OKRs to reinstate Intel's victorious culture and unify its talent pool
- ObjectiveReinstate Intel's victorious culture and unify its talent pool
- KRImplement a quarterly team-building activity to foster unity among 95% of employees
- Identify various team-building activities suitable for all employees
- Monitor employee participation, aiming for 95% involvement
- Establish a scheduling and communication plan for activities
- KRIncrease talent retention rate to 90% through effective incentive programs
- Implement annual employee feedback surveys
- Develop a comprehensive incentive program to reward employee performance
- Provide regular career development opportunities
- KRAchieve a 10% increase in internal promotion rate, strengthening our talent base
- Create opportunities for internal growth and advancement
- Implement training programs to enrich employee skills and performance
- Regularly review and adjust promotion criteria
OKRs to reinforce One Intel team culture and nurture talent effectively
- ObjectiveReinforce One Intel team culture and nurture talent effectively
- KRFacilitate skills enhancement training for 80% of team members
- Identify necessary skills for enhancement based on team's job roles
- Develop or source relevant training program for identified skills
- Schedule and coordinate team members participation in training
- KRIncrease employee engagement survey scores by 20%
- Initiate periodic career development and training programs
- Implement regular team-building activities and exercises
- Encourage open communication and welcome feedback
- KRReduce employee turnover rate by 10%
OKRs to improve talent onboarding and retention strategies
- ObjectiveImprove talent onboarding and retention strategies
- KRDecrease new hire turnover rate by 20%
- Establish a mentorship program for new employees
- Implement a comprehensive and engaging orientation program
- Improve the company's benefits and compensation package
- KRImplement improved onboarding program leading to 95% new hire satisfaction
- Develop an interactive, comprehensive orientation for new hires
- Survey new hires to identify areas needing improvement
- Regularly update onboarding materials based on feedback
- KRIncrease retention rate to 90% among employees within their first year
- Create clear advancement opportunities within the company
- Implement comprehensive onboarding program for new hires
- Regularly conduct employee satisfaction surveys
OKRs to decrease direct funded vacancies under 2% of labor force
- ObjectiveDecrease direct funded vacancies under 2% of labor force
- KRImplement 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
- KRIncrease 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
- KRLower 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
Talent 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.
Save hours with automated OKR dashboards
The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. 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 Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Talent Retention OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to enhance the quality of project rules
- OKRs to implement the new onboarding program to speed up deal closure time
- OKRs to increase high-quality backlinks for improved domain authority
- OKRs to make business travel process fully digital
- OKRs to create a comprehensive and applicable certification exam
- OKRs to implement effective project risk management strategies