OKR template to improve indirect purchasing to support HR's talent strategies

The primary goal of this OKR is to refine indirect purchasing processes, thereby bolstering the HR's recruitment strategies. Efforts would be aimed at reducing vendor contract costs associated with HR tools and services significantly by 10%. The strategy includes outlining a negotiation plan focused on cost-cutting, conducting a thorough analysis of key vendors and existing contracts to identify negotiating advantages, and organizing contract renegotiation meetings with these vendors.

The next objective would be to form stable partnerships with at least three high-quality talent sourcing agencies. This process involves scheduling discussions to explore potential partnership opportunities, identifying suitable talent sourcing agencies through careful research, and finalizing the partnership contracts through negotiation.

Beyond forming partnerships, this OKR aims to draw potential talents by introducing a competitive benefits package appealing to at least 85% of them. To ascertain that the developed package is attractive, a survey capturing industry-standard benefits package would be conducted. The results of the survey would then be analyzed to identify the most favored benefits, and these favored benefits would form the bedrock of the design of the new benefits package.

This OKR underscores the necessity of a cost-conscious, strategic approach to indirect purchases in support of HR's talent strategies. By negotiating cheaper contracts, collaborating with quality agencies, and offering attractive benefit packages, the initiative looks to boost recruitment and overall talent strategies indirectly.