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OKR template to enhance employee satisfaction with total remuneration

public-lib · Published over 1 year ago

The purpose of this OKR is to increase employee satisfaction with the total remuneration provided by the company. This will be achieved through four main objectives. First, the plan aims to reduce the employee turnover rate by 5% by implementing competitive salary benchmarking and adjustments. Without initiatives for this specific goal, it can reflect the general guidelines applied by the HR team.

Secondly, a 10% rise in the employees' participation in the performance-based bonus program is expected. To reach this target, feedback mechanisms will be put in place to assist with the complaints and suggestions tied to the program. Excellent communication channels will be promoted, incentives provided for engaged employees, and regular performance metrics updates will be provided to maintain their interest.

Third, the plan anticipates for a 20% rise in the use of flexible benefits through targeting awareness campaigns. Helping employees realize the advantages, promotions through multiple channels, monitoring and adjustments, and a strategic campaign are initiatives set to support this goal.

Last, the scheme aims to enhance the average satisfaction survey rating concerning full compensation by 15%. Regular revisions of compensation policies plus adjustments according to industry standards will be implemented. Additional benefits or perks will be provided, and a comprehensive review of the current compensation package will be conducted.
  • ObjectiveObjectiveEnhance employee satisfaction with total remuneration
  • Key ResultKRReduce employee turnover rate by 5% through competitive salary benchmarking and adjustments
  • Key ResultKRAchieve a 10% increase in employee participation in the performance-based bonus program
  • TaskImplement a feedback mechanism to address concerns and suggestions related to the bonus program
  • TaskEnhance communication channels to educate employees about the performance-based bonus program
  • TaskOffer incentives for employees who actively engage and participate in the bonus program
  • TaskProvide regular updates on performance metrics and achievements to increase employee interest
  • Key ResultKRIncrease usage of flexible benefits by 20% through targeted awareness campaigns
  • TaskDevelop engaging content and materials highlighting the advantages of flexible benefits
  • TaskUtilize multiple communication channels to promote the benefits and increase awareness
  • TaskRegularly monitor and analyze the campaign's impact and make necessary adjustments for improvement
  • TaskCreate a comprehensive targeted awareness campaign strategy for flexible benefits
  • Key ResultKRImprove the average rating of employee satisfaction surveys on total compensation by 15%
  • TaskRegularly evaluate and adjust compensation policies to align with industry standards and employee expectations
  • TaskImplement additional benefits or perks to enhance the overall compensation package
  • TaskConduct a comprehensive review of the current total compensation package for employees
  • TaskCommunicate and educate employees about the various components of their total compensation
Use in Tability

How to edit and track OKRs with Tability

You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.

Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.

With Tability you can:

  • Use AI to draft a complete set of OKRs in seconds
  • Connect your OKRs and team goals to your project
  • Automate reporting with integrations and built-in dashboard

Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.

The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.

Step 1. Sign up for a free Tability account

Go tohttps://tability.app/signup and create your account (it's free!)

Step 2. Create a plan

Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.

Tability Import Options

Step 3. Use the magic importer

Click on Use magic import to open up the Magic Import modal.

Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.

Copy from the template

Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!

Importing from text

Now, just click on Import from text and let the magic happen.

Tability editor with imported content

Once your example is in the plan editor, you will be able to:

  • Edit the objectives, key results, and tasks
  • Click on the target 0 → 100% to set better target
  • Use the tips and the AI to refine your goals

Step 4. Publish your plan

Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.

Publish import

From there you will have access to all the features that will help you and your team save hours with OKR reporting.

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