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1 OKR example for Remuneration

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What are Remuneration 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 Remuneration 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.

How to write your own Remuneration 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.

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.

AI feedback for OKRs in TabilityTability's Strategy Map makes it easy to see all your org's OKRs

Tability 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.

Remuneration OKRs examples

You'll find below a list of Objectives and Key Results templates for Remuneration. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.

Hope you'll find this helpful!

OKRs to enhance employee satisfaction with total remuneration

  • ObjectiveEnhance employee satisfaction with total remuneration
  • KRReduce employee turnover rate by 5% through competitive salary benchmarking and adjustments
  • KRAchieve 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
  • KRIncrease 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
  • KRImprove 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

Remuneration 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 Remuneration OKRs

Quarterly OKRs should have weekly updates to get all the benefits from the framework. Reviewing progress periodically has several advantages:

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 Remuneration OKR templates

We have more templates to help you draft your team goals and OKRs.

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