OKRs (Objective and Key Results) is a collaborative goal management framework used by teams and individuals to set challenging, ambitious goals with measurable results. They are how you track progress, create alignment, and encourage engagement around measurable goals.
The effective use of Human Resources is the key to creating and sustaining a successful organization.Peter Drucker (Introduced Management by Objective (MBO) which evolved to OKRs)
Since their incision, OKRs have been used by internal teams of various companies and highly recommended for startups as it is well known for boosting business growth. HR professionals, in this case, have a lot of roles to play in establishing this sustainable growth culture. Here’s how OKRs connects to HR:
OKRs needs the people to collaborate together; human resources professionals deal with people, data, and aim to help every individual competency that will help the business deliver strategy. therefore, every HR department in a company requires OKRs to not only manage their own departmental goals but also be more data-driven and analytical about people’s strategy, performance, and in all, stay connected to the company’s top-level objective.
Human resource programs no longer need to be based on soft reasoning but should be as analytical and as data-driven as any other management discipline.Chris Argyris
In this article, we will focus on the benefits of OKRs for Human Resources professionals in a company.
8 benefits of OKRs for the HR professionals
John Doerr specified in his book titled “Measure what matters” the five superpowers that OKRs confer on all of its users. These superpowers include focus, alignment, commitment, follow-up, and stretching. We will leverage these superpowers to explain their impact on HR professionals.
1. Alignment and Cross-sectional team collaboration
Using OKRs by the HR professional improves their collaboration with other teams in the company. Also, it will enable them to align their own objectives to the top-level objectives.
2. A better understanding of the business
Since OKRs promote transparency and accountability by practice, HR professionals using OKRs will understand the objectives and priorities of the organization. They will be able to see the objectives of other teams and hence, provide support.
3. Concentration and discipline
Having a reduced number of objectives, between 3 and 5 as recommended by John Doerr, allows HR professionals to be more concentrated on the most important things at hand. Also, since the goals set are based on everyone’s consent, every member of the team will be disciplined enough to work towards accomplishing those goals.
4. OKRs encourages innovation
The peculiarity of OKRs is that they are not an assessment or sanctioning tool. This flexibility of the OKRs gives the HR professional the freedom to set more daring and stimulating goals.
5. Tracking steady progress on goals
Each of your OKRs should be able to be tracked using the metrics determined when they were defined. These benchmarks for rating your OKRs allow you to focus on something else and to make regular updates, preferably weekly, to avoid any slippage.
6. Easy approach to increase productivity
With OKRs, the objectives planned by you as an HR professional are lucky to be precise, ambitious, and stimulating. Achieving these goals will inevitably increase your productivity.
7. Improve Human Resources management
the company’s objectives are clear. Those in your department, as well as those of the employees, are known. This state of affairs facilitates personnel management and saves you time.
8. OKRs helps to analyze the root causes of the non-achievement of objectives
If your objectives are not achieved at the end of each quarter, it is easy for you to locate the problem and resolve it as quickly as possible. This credits the fact that OKRs will make you have measurable key results that you can track and follow up to know your progress level.
Tested over time, OKRs have proven to be a powerful tool capable of leading to exceptional successes. Adopting as an HR professional or HR team will allow you to increase your performance tenfold and, in turn, that of your business. If you need more insights into the domain of OKRs methodology, you can check our complete OKRs guide for companies.