As the market slowly rebuilds itself after the sudden onset of several lockdowns in the post-pandemic era, many new businesses emerge with ideas never heard before and objectives never seen being achieved before. With such a competitive scenario, it becomes necessary to know one’s objectives and goals, especially when concerning one’s business as it may very well affect its productivity. However, with good planning and good OKR Software to execute it, one does not need to worry about it.
While the concept of OKR is still new, it revolves around the concept of objectives and results of a company, helping a company or business, old or new, set goals that need to be achieved by the end of a set period. It can be an annual one or even an overall objective of the business every employee needs to keep track of.
What is an OKR?
An OKR Software, in a nutshell, is software that keeps track of ‘Objective and Key Results thus, the name. It is software that helps keep track of the business goals, let it be a base goal on which the business is founded or a short-term goal like achieving a particular business deal.
This software also helps to track one’s progress regarding such a goal, making it easier for the owner to see which employee is contributing how much to the goal and through what means. It is categorized and organized in a way that each employee may also get their own individual goals, like a specific task or project allotted to only them for completion.
Furthermore, employees can also set their own goals for better productivity, making it easier to keep track of the tasks they need to complete and submit the results.
Beyond the obvious benefit of easy tracking of progress of the business goals and each employee’s contribution to it, OKR Software is also beneficial to set individual goals for improvement that an employee can do to either keep track of their work and tasks needed to be completed and handed in or to improve their quality of work through self-practice and improvement.
Furthermore, it can also help to allot tasks and work to each employee without any miscommunication, making it a more efficient way of communication with no duplication of information and confusion in facts. Employees can turn in any queries if they arise so. It is also an efficient way to view the summary of all the projects and tasks allotted, giving a brief over all the goals one can set and work on.
In the end, an OKR system can become quite an important and beneficial aspect for businesses resolving around goals and objectives to complete especially the new and smaller businesses. Big companies can also use this system to see each employee’s contribution with proof, making it easier to track the progress of goals and give an employee bonus or promotion they deserve as per how much they have contributed to the company.