1 OKR examples for Pay Equity
Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.
To aid you in setting your goals, we have compiled a collection of OKR examples customized for Pay Equity. Take a look at the templates below for inspiration and guidance.
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
Quarterly OKRs should have weekly updates to get all the benefits from the framework.
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
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.
Pay Equity OKRs templates
You'll find below a list of Objectives and Key Results for Pay Equity.
OKRs to improve Compensation Plan
Improve Compensation Plan
Increase employee satisfaction by implementing pay raises based on performance evaluation- Improve cost efficiency by optimizing the compensation plan to decrease overhead expenses
- Enhance equity by conducting a thorough analysis to identify any pay disparities among employees
Develop and implement strategies to address identified pay disparities and ensure equal compensation- Collect and analyze salary data to identify any pay disparities among employees
- Conduct interviews or surveys to gather feedback on employee perceptions of pay equity
- Compare compensation across different job roles to determine if there are significant gaps
- Reduce turnover rate by revising the compensation structure to align with market standards
- Develop a revised compensation plan that aligns with market standards and addresses employee needs
- Review and analyze the company's existing compensation structure
- Conduct market research to determine current compensation standards for relevant positions
- Communicate the revised compensation structure to employees and seek their feedback and suggestions
More OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to improve team effectiveness in running operations
- OKRs to enhance IT infrastructure and optimize helpdesk processes for improved efficiency
- OKRs to integrate Generative AI across the entire product lineup
- OKRs to scale development with a design system
- OKRs to boost employee awareness and risk perception
- OKRs to establish a consulting business
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