Due to the high demand for organizations to deliver on their future goals and objectives, companies are resulting to using Objective and Key Results also known as OKRs to implement a solid strategy especially in a situation where employees are faced with challenges such as demotivation and lack of purpose that may hinder them from meeting the required goals. Companies keeping their vision, objectives and goals by showing their employees what is exactly expected of them through aligning their focus on company goals benefiting by using OKRs in the following ways.
Maintaining the focus of the employees towards company goals is the first way in which companies benefit from using OKRs. This is due to the fact that OKRs keeps employees ultimately engaged to achieving the objective set before them, thereby limiting the disengagement of workers by keeping them focused on the number of things that they are supposed to do. This is important because it connects employees towards corporate goals by giving a clear direction to every team and individual hence increase their productivity through focus on goals and tracking their regular progress towards the set goals.
The other way in which companies benefit through OKRs is alignment of all objectives and linking all key results in a single Workboard of what should and what shouldn’t be done. This is due to the fact that alignment of key objectives help companies move on from planning to execution, tying all contributors implementing their OKRs.
Keeping the commitment of the employees towards company goals is the other way in which companies benefit from using OKRs. Employees committed to their OKRs will ensure that they are working towards their objectives by printing and sharing their OKRs with their employers on OKR podcast for them to know and track specific goals they want to achieve.
Transparency and overview of employees towards company goals is the other way in which companies benefit from using OKRs. By sharing their OKRs on OKR Podcasts, employees can monitor each other and know how they are progressing. By bringing everyone together where all OKRs can be managed, companies can create transparency, overview and accountability, thereby ensuring daily tracking of how their employees are meeting their objectives.
Companies can benefit through OKRs because it increases the learning curve of the employees. This is due to the fact that when everyone sits together and share their OKRs to other teams for review, they can be assured of being corrected supposed they are working on the wrong thing or using the wrong format to achieve their OKRs. Because their OKRs are being graded for their own improvement, employees can therefore improve on meeting their OKR objectives for the next sitting therefore increasing the learning curve.
Supporting reference: wikipedia reference