OKR software is a solution through which organizations set, track, and monitor clear, measurable goals for their teams. By giving everyone in the company a direct line of sight into how their individual and team goals align with others, contribute to organizational priorities, and are progressing throughout the quarter, OKR software is a simple yet effective system for driving performance and accelerating results.
Here are a few key reasons organizations need OKR software to effectively manage goals and performance:
Align Team Goals With Company Priorities
Quantum Market Research shows that 85% of organizations consider linking individual goals to business priorities “very challenging.” This very challenge is the reason why so many companies are just getting by, instead of truly achieving their desired results. OKR software makes it easy for teams to set OKR goals across the entire organization, using cascading Objectives to align teams with what matters most. When everyone is aligned with the company’s priorities, it enhances clarity and focus, making it easier for teams to work in sync.
Set Measurable Goals
When goals are set without metrics, it makes it difficult to track whether teams are actually achieving their goals. Because OKR goals are clear and measurable (a.k.a., SMART goals), managers can track progress with greater ease, which brings us to our next point.
Create Visibility Into Goal Progress
One of the most common reasons organizations struggle is lack of follow-through. After goals are set, there’s no way to track progress and identify who’s working on what. OKRs solve this problem by giving teams visibility into goal progress, which helps managers see who’s excelling, performing to expectations, or falling behind. With these insights, managers can course-correct before major roadblocks arise, thereby keeping progress on track.
When managers can see and track who’s performing well versus who isn’t, it helps them create and maintain a performance-driven culture. Managers can then make informed reward decisions and incentivize high performance to produce higher quality, more efficient work.
Access “Need-to-Know” Insights
One of OKR software’s most powerful capabilities is its alert feature, which can indicate any goals that are at risk. Not only can managers monitor the progress on all of their teams’ goals in one convenient dashboard, but they can also be notified when a progress on a specific goal is slipping behind. This allows them to take a proactive instead of reactive approach and address issues as they arise.
What else? Are you using OKR software in your organization? If so, what are some of the advantages you’ve noticed?
If you’re a CEO, an executive, a middle-manager, or a front-line manager of any team, please take a look at how you can improve your team alignment, performance, and results through OKR goals and ongoing performance management. Here is more about Atiim OKR Pulse™.