Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Turnover Rate 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 Turnover Rate 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.
The best tools for writing perfect Turnover Rate 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.
Turnover Rate OKRs examples
You'll find below a list of Objectives and Key Results templates for Turnover Rate. 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 maintain the current staff turnover rate
ObjectiveMaintain the current staff turnover rate
KRConduct a staff satisfaction survey and achieve at least 90% positive responses
Implement changes based on survey feedback to improve satisfaction- Draft intuitive and precise questions for the staff satisfaction survey
- Distribute the survey among staff members confidentially
- KRImplement new retention strategy leading to less than 5% voluntary terminations
- Conduct regular feedback and counseling sessions
- Define clear expectations and work policies for all employees
- Implement a comprehensive employee recognition program
- KREnsure at least 95% of employees attend skills enhancement sessions or trainings
- Regularly communicate the benefits of attending
- Schedule trainings at convenient times for employees
- Develop engaging and relevant training content
OKRs to boost overall employee satisfaction and reduce turnover
- ObjectiveBoost overall employee satisfaction and reduce turnover
- KRDecrease voluntary employee turnover rate by 10%
- Implement a comprehensive employee engagement and satisfaction program
- Increase opportunities for employee advancement and skill development
- Enhance employee benefits and incentive packages
- KRIncrease employee engagement score by 15% in company-wide surveys
- Implement regular team-building events for employee bonding
- Provide regular recognition for employees' accomplishments
- Conduct an open forum for feedback and suggestions
- KREnhance internal promotion rate by 20%
- Increase communication about available promotion opportunities
- Implement ongoing skills training for all employees
- Develop clear promotion pathways with performance benchmarks
OKRs to reduce turnover rate through retention strategies
- ObjectiveIncrease employee retention rate
- KRImplement a mentorship program for new employees
- KRHost monthly employee appreciation events
- KRConduct exit interviews and analyze feedback to improve retention efforts
- KRDevelop a career growth plan for each employee
OKRs to enhance employee engagement and retention
- ObjectiveEnhance employee engagement and retention
- KRAchieve an employee satisfaction score of 90% in internal surveys
- Implement a rewards and recognition program
- Improve communication and transparency within the company
- Execute regular team building exercises and events
- KRImplement at least two key employee wellness programs encouraged by 70% of staff
- Survey staff to identify top two preferred wellness programs
- Research and plan implementation of selected programs
- Launch and communicate chosen wellness programs to staff
- KRReduce employee turnover rate by 20% from current rates
- Provide regular training and professional development opportunities
- Develop a comprehensive benefits and rewards program
- Implement an employee satisfaction survey to identify improvements
OKRs to establish a high engagement and satisfaction work environment
- ObjectiveEstablish a high engagement and satisfaction work environment
- KRIncrease the Employee Satisfaction Index by 15%
- Improve communication transparency between management and staff
- Offer flexible work hours or remote work opportunities
- Implement regular feedback and recognition programs
- KRAchieve 90% positive feedback on internal communication and management strategies
- Conduct training on improved management strategies
- Enhance existing communication methods and strategies
- Implement regular internal feedback and review sessions
- KRReduce employee turnover rate by 10%
- Enhance workplace culture with team-building activities
- Implement professional development programs for skill enhancement
- Review and increase employee compensation and benefits
Turnover Rate 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.
Save hours with automated OKR dashboards
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:
- 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
We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using 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 Turnover Rate OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to strengthen the organizational foundation
- OKRs to develop streamlined reports and dashboard to reduce necessary staffing
- OKRs to enhance cross-functional collaboration and communication
- OKRs to understand audience perception and reaction to a certain event
- OKRs to amplify flying school enrolment through active marketing approaches
- OKRs to improve customer support quality