5 OKR examples for Employee Retention
Writing good OKRs can be hard, especially if it's your first time doing it. You'll need to center the focus of your plans around outcomes instead of projects.
We understand that setting OKRs can be challenging, so we have prepared a set of examples tailored for Employee Retention. Take a peek at the templates below to find inspiration and kickstart your goal-setting process.
If you want to learn more about the framework, you can read more about the OKR meaning online.
Best practices for OKR
Your objectives should be ambitious, but achievable. Your key results should be measurable and time-bound. It can also be helfpul to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Building your own OKRs with AI
While we have some examples below, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.
- Use our free OKRs generator
- Use Tability, a complete platform to set and track OKRs and initiatives – including a GPT-4 powered goal generator
How to track OKRs
OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework.
Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKRs-tracking platform to make things easier.
We recommend Tability for an easy way to set and track OKRs with your team.
Check out the 5 best OKR tracking templates to find the best way to monitor progress during the quarter.
Employee Retention OKRs templates
We've added Employee Retention Objectives and Key Results, but also the initiatives that relate to the OKRs.
OKRs to improve Employee Retention
- Improve Employee Retention
- Implement a professional development program and have 80% of employees participate
- Design and deliver engaging training sessions that align with employees' needs and goals
- Establish a tracking system to monitor employees' participation and measure the program's effectiveness
- Conduct a needs assessment to identify specific professional development opportunities
- Create a structured mentorship program to support employees' professional growth and knowledge sharing
- Conduct exit interviews with departing employees and identify recurring themes for improvement
- Ask open-ended questions to gather feedback on employee experience
- Analyze data from exit interviews to identify common areas for improvement
- Implement strategies to address recurring themes and enhance employee satisfaction
- Schedule exit interviews for departing employees
- Reduce voluntary employee turnover rate by 10% compared to the previous quarter
- Increase employee satisfaction score by 15% through quarterly surveys
- Analyze survey results to identify areas of improvement and develop action plans
- Communicate survey findings and action plans to employees to ensure transparency
- Implement an anonymous and confidential survey to gather employee feedback
- Regularly track and evaluate progress towards the goal and adjust strategies accordingly
OKRs to reduce turnover rate through retention strategies
- Increase employee retention rate
- Implement a mentorship program for new employees
- Host monthly employee appreciation events
- Conduct exit interviews and analyze feedback to improve retention efforts
- Develop a career growth plan for each employee
OKRs to boost HR effectiveness in facilitating organization and people growth
- Boost HR effectiveness in facilitating organization and people growth
- Increase employee retention rate by 20%
- Enhance company benefits and compensation packages
- Implement a comprehensive employee development and training program
- Increase regular feedback and recognition sessions
- Decrease average hiring process time by 15%
- Establish a structured, efficient onboarding process
- Streamline interview scheduling with automated tools
- Implement standardised skill-based assessments
- Upgrade leadership development programs benefiting 30% of employees
- Source and hire professional development consultants
- Conduct survey to identify areas for leadership program improvement
- Implement program changes based on consultant feedback
OKRs to streamline the company's recruitment process
- Streamline the company's recruitment process
- Increase new hire retention rate by 10% through improved onboarding processes
- Develop a comprehensive and engaging employee onboarding program
- Provide mentorship opportunities for new employees
- Implement regular check-ins with new hires
- Reduce hiring process time by 30% while maintaining quality of hires
- Implement an efficient applicant tracking system
- Streamline the interview and selection process
- Conduct timely background and reference checks
- Implement a standardized interviewing system across all departments
- Develop a standard interview protocol for all departments
- Train hiring managers on the new interview system
- Monitor and adjust the system based on feedback
OKRs to improve employee retention
- Increase Employee Retention
- Reduce employee turnover rate by 8%
- Increase employee satisfaction score by 10%
- Increase employee referrals by 15%
- Increase employee engagement by 25%
More OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to improve student attendance and literacy statistics OKRs to reduce IT support response time by 20% OKRs to increase security awareness OKRs to become a better manager OKRs to improve team collaboration and communication for increased productivity OKRs to boost customer interaction on the homepage
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: Complete 2024 OKR cheat sheet
- Blog posts: ODT Blog
- Success metrics: KPIs examples