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tability.ioWhat are Turnover Reduction 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.
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 Reduction 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.
Turnover Reduction OKRs examples
You will find in the next section many different Turnover Reduction 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 amplify employee satisfaction levels
ObjectiveAmplify employee satisfaction levels
KRImplement two new employee benefits or wellness programs
Implement and communicate new programs to employees- Evaluate current employee benefits and identify room for improvements
- Research and propose two new benefit or wellness programs
- KRDecrease turnover rate by 15%
- Implement employee engagement and satisfaction surveys
- Develop comprehensive onboarding and training programs
- Introduce competitive compensation and benefits packages
- KRIncrease employee engagement survey scores by 20%
- Enhance training programs focused on employee personal development
- Initiate monthly one-on-one employee feedback sessions with managers
- Implement regular team building activities for stronger coworker relationships
OKRs to enhance HR's strategic partnership with business units
- ObjectiveEnhance HR's strategic partnership with business units
- KRReduce turnover rate by 15% through retention strategies
- Develop a comprehensive employee benefits and incentives program
- Implement systematic periodical employee performance reviews and promotions
- Facilitate consistent team building activities and trainings
- KRImprove employee engagement score by 20% through HR initiatives
- Implement regular team-building exercises and events
- Conduct workplace culture improvement workshops
- Enhance communication channels for employee feedback
- KRImplement 3 new HR-related business alignment projects with positive feedback
- Execute the three chosen HR business alignment projects
- Identify potential HR-related alignment projects
- Gather feedback using post-implementation surveys
OKRs to cultivate an appealing, inclusive company culture
- ObjectiveCultivate an appealing, inclusive company culture
- KRDecrease turnover rate by 15% through enhanced workplace conditions
- Introduce flexible working hours for work-life balance
- Implement mandatory team-building activities to foster camaraderie
- Upgrade office equipment for a better work experience
- KRImprove employee satisfaction score by 20% through engagement initiatives
- Implement weekly team-building activities and workshops
- Conduct regular feedback and suggestion sessions
- Establish an employee recognition and rewards system
- KRImplement 2 employee-led initiatives to foster ownership and engagement
- Launch two employee-led initiatives
- Provide training on leading and engagement strategies
- Identify possible leaders interested in leading initiatives
How to write your own Turnover Reduction 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's Strategy Map makes it easy to see all your org's OKRsTability 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.
Turnover Reduction 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 Turnover Reduction OKRs
Quarterly OKRs should have weekly updates to get all the benefits from the 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 Turnover Reduction OKR templates
We have more templates to help you draft your team goals and OKRs.
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