OKR Module

Introduction to OKRs

Definition:
OKRs (Objectives and Key Results) is a goal-setting framework used to define and track objectives and their outcomes within an organization. It helps in providing focus, clarity, and alignment in the performance management process.

Purpose:

• Align individual with the overall strategic objectives of the organization.

• Set clear objectives and measurable key results.

• Manage and develop talent towards achieving desired outcomes.

Getting Started with the OKR App

Accessing the OKR App:

• Log in to MyLIMS.

• Navigate to the Talent Management section.

• Click on the OKR App to open it.

Creating Objectives

Step-by-Step Guide:

1. Click on the ‘New‘ button

2. Create Company Strategic Objective

Defining Key Results

Step-by-Step Guide:

1. Navigate to the Key Results Table Section:

   • Within the objective, click on 'Add’ to add Key Result.'

2. Create Key Results:

   • Enter a description for the key result.

   • Define measurable metrics or outcomes that indicate progress toward the objective.

3. Set Scores:

   • Assign a score to the key result (e.g., 0 to 10).

   • Ensure that the scores are realistic and measurable.

Managing OKRs

Monitoring Progress:

• Regularly review the progress of the objectives and key results.

• Update the status of key results as progress is made.

Feedback and Adjustments:

• Provide feedback to employees based on their progress.

• Adjust objectives and key results if necessary to better align with changing strategic goals.

Aligning OKRs with Strategic Objectives

Ensuring Alignment:

• Review the strategic objectives of the company.

• Ensure that each employee’s objectives contribute towards these broader goals.

• Conduct regular alignment meetings to discuss progress and realign if necessary.

Notification System:

• New OKR Notifications: Notification sent to employees when a new OKR is created.

• Update Notifications: Notifications to Employee about changes or updates to existing OKRs.

Best Practices for Using OKRs

• Clarity: Ensure that objectives are clear and understandable.

• Measurability: Define key results that are easily measurable.

• Regular Review: Regularly review and update OKRs to ensure ongoing alignment and progress.

• Feedback: Provide continuous feedback to employees to encourage progress and development.

Troubleshooting and Support

Common Issues:

• Difficulty in defining measurable key results.

• Misalignment between individual objectives and organizational goals.

Support:

• Contact the MyLIMS support team for technical assistance.

Conclusion

By following this knowledge base, MyLIMS users will be well-equipped to create and manage OKRs effectively. This will ensure that all employees are aligned with the strategic objectives of the organization, leading to improved performance and talent development.