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OKRs (Objectives & Key Results)
This document discusses OKRs (Objectives and Key Results), which are how quarterly objectives will be set at SHC. OKRs start with drafting objectives that are specific, measurable, attainable, relevant and time-bound, along with 2-5 key results that show achievement of each objective. Objectives and key results should be ambitious yet realistic stretches, and individuals score their own progress each quarter. Using OKRs provides greater transparency of goals and focused execution across SHC to drive success. The process involves drafting OKRs, discussing them with managers, recording them, and then rating progress to help set future objectives.
OKRs (Objectives & Key Results)
- 1. OKRs Objectives &Key Results
- 2. What are OKRs? What’s in it for Me? What’s in it for SHC? What do I need to do? Oct-14 2
- 3. What are OKRs? What’s in it for Me? What’s in it for SHC? What do I need to do? Oct-14 3
- 4. OKRS STAND FOR… Objective & Key Results
- 5. OKRs are howwe will set quarterly objective …they focus actions and drive results
- 6. Objective = What YouWant to Achieve
- 7. Objective Example Increasesales by 10% before the end of next quarter
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- 10. ambitious “60% ofimpossible is better than 100% of achievable.” Oct-14 10
- 11. Time bound Youneed to be able to show results by the end of the next quarter. July 2012 11
- 12. Actionable (something youcan being working on in the next quarter) July 2012 12
- 13. ≤ 5 5Objectives is the most that each of us should be working on at any one time. July 2012 13
- 14. Key Result = How you know you’ve succeeded
- 15. Key Results Example 1. Hire 2 new sales people who each make $10K in new sales by end of next quarter. 2. Implement the new sales tracking system in 30 days. 3. Sell $100K in new products to existing client base.
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- 17. 17 measureable wemeasure ourselves on a scale of 0.0 – 1.0
- 18. A Stretch Perfectionisn’t the goal… Pushing yourself is
- 19. Results per Objective July 2012 19
- 20. What are OKRs? What’s in it for Me? What’s in it for SHC? What do I need to do? Oct-14 20
- 21. OKRs start andend with you! They are your tool for keeping on track and driving your success at work. …so most should come from you; then make sure you discuss them and align with your manager Oct-14 21
- 22. Because they area tool for you… You score You! No one else measures you on your OKRs…at the end of each quarter you score yourself on how you think you did on a scale of 0.0 – 1.0.
- 23. A score of0.7 out of 1.0 is good… A score of 1.0 once is amazing! But scoring 1.0 all the time probably means you’re results are NOT really a Stretch!
- 24. What are OKRs? What’s in it for Me? What’s in it for SHC? What do I need to do? Oct-14 24
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- 26. Focused Execution ThatMoves Fast
- 27. What are OKRs? What’s in it for Me? What’s in it for SHC? What do I need to do? Oct-14 27
- 28. Step 1: Draftyour OKRs for next quarter Remember…no more than 5 Objectives. 28 TIP: Start by reviewing your annual goals and think about what you can do in the next quarter to hit your long-term goals.
- 29. 29 Step 2:Discuss and Align with your manager TIP: Explain how you think your OKRs are a “stretch” and how hitting them (or even getting close) will help you meet your long term goals
- 30. 30 Step 3:Record Your OKRs TIP: Revisit your OKRs often and read other’s OKRs so you can see what others are working that may affect your work.
- 31. 31 Step 4:Rate yourself Score each of your results under each objective on a 0.0 – 1.0 scale Your overall Objective score is the average of your scores on each result. TIP: Review your scores…did you set your results too high? Too low? Use this feedback to adjust your results for next quarter.