Objectives and Key Results (OKR) is a popular management strategy for goal setting within organizations. The purpose of OKRs is to connect company, team, and personal goals to measurable results while having all team members and leaders working together in one, unified direction.
Refer to this article to learn more about OKR's:
It is possible to create OKR's by navigating to Performance -> Goals -> Goal List -> Add Objective with Key Results(OKR)
By default, the system is configured to allow the addition of both "Goals" and "Objectives with Key Results".
Step 1 - First create an objective and add key results. When clicking "Add Objective with Key Results (OKR) option, it will direct you to the following screen where you can enter details about the objective. It is compulsory to assign this objective to an employee with a specific due date.
|
Field |
Description |
|
Level |
· Organizational – Select this option if the Objective should be assigned to one employee only. · Individual – Select this option to assign the Objective to multiple employees. |
|
Objective Name |
Name of the Objective. |
|
Parent Goal |
Select the parent Goal of the new Goal being created. (Optional) |
|
Description |
Description of the Goal. |
|
Due Date |
Due date of the Goal. |
|
Completion |
Percentage of Completion. |
|
Add to Library |
Add the Objective to the Library to re-use again. |
|
Assign to |
The employee that the Objective is being assigned to. |
|
Evaluator Groups |
Select Evaluators for the Objective. |
|
Read Only for Assignee |
The assigned Employee cannot edit the objective if selected. (Applicable only for Individual Objective Type) |
|
Bulk Assign |
Assign the Objective to multiple employees. Select the group of employees the Objective should be assigned to, based on their Job Titles, Location or the Sub Unit. (Applicable only for Individual ObjectiveType) |
Step 2- Once you save the Objective, it enables you to add Key Results to the created Objective.
A Key Result is also a goal which retains the behavior of goals except:
- It can have a metric (optional)
- It has a parent (mandatory, and cannot be changed)
- It cannot have sub-goals
Step 3 - By clicking on add key results, the following screen will be displayed to define the parameters of the key result. When the "Use Metric" option is ticked, the following fields are enabled:
- Format - Select the number format to be shown
- Unit of Measurement - Enter the units
- Start Value - Enter the start value
- Target Value - Enter the target value
- Current Value - Enter the current value
Based on the values provided, the progress completion percentage is calculated using the following formula:
Progress % = [(Current value - Starting value) /(Target value - Starting value)] x 100
Step 4 - It is possible to edit the created key results by clicking the 'Edit' option.
Once the supervisor has created an objective for an employee, the email notifications for each action performed will be sent for the selected subscribers. The following actions trigger a notification:
- Save Goal - When the supervisor created an objective and assigned it to an employee, the objective assigned notification is sent to the employee.
- Update Goal - When the employee updates the completion of the objective, the objective updated notification is sent to the supervisor. When adding, updating or deleting key results, a goal notification is sent for the subscribers.
- Submit Goal - When the employee submits the objective, the objective pending approval notification is sent to the supervisor
- Approve Goal - When the supervisor approves the objective, the objective approved notification is sent to the employee
- Reject Goal - When the supervisor rejects the objective, the objective rejected notification is sent to the employee
Please also refer to the following article to see how the email notification functionality works.