FAQs About OKR Tracking Software

Objectives and Key Results, or OKRs, are used to focus a group or an individual on a bold objective.

Google, a current high-growth company to which many aspire, was first introduced to OKRs in 1999!

This demonstrates that the benefit of utilizing this approach to measure performance has not diminished. However, we now use OKR software to help us plan (and track) these goals. With several software solutions available, it might be tough to figure out exactly what you’re looking for in terms of your overall business goals.

What Are The Frequently Asked Questions (FAQs) Related To OKR Tracking Software?

To assist you in your search for the finest OKR tool, we have a set of frequently asked questions that you’d like to consider when you compare the various solutions. If you’re persuaded of the advantages of using an OKR tool, let’s look at the important questions you should ask to determine the best one for the specific company’s needs:

1. Why is it important to know what your goal is?

Begin by making a set of demands or objectives that your OKR program should meet.

Do you want your OKR tool to just create goals, or do you want it to provide maximum visibility, transparency, and accessibility for all employees? Make sure everyone in your company understands what you want to accomplish with your OKR tracking software.

2. What are the benefits of measuring the team size and scaling up requirements?

OKR tracking software is tailored to specific team sizes. As a result, you must consider the number of employees who will use the product. Furthermore, if your firm is rapidly expanding, you will most likely need to extend your workforce size shortly and OKR will help you to do that.

As a result, choose a tool that allows you to scale up (or down) without investing money from your pocket.

3. What integrations do I need to use?

If you already have to switch between various tools, your staff will unlikely use the OKR tracking software. As a result, determine the most important integrations your team uses and make sure the tool you chose supports them.

Engagedly, for example, offers advanced integrations with systems like GChat, MS Teams, and Slack, as well as data and project management apps like Jira, Github, Trello, HubSpot, MySQL, and a host of others.

4. How should I work and find out my OKR experience?

If you’re introducing the entire OKR framework, for the first time, look for software that includes coaching from specialists and onboarding assistance for all users.

The right software will help you set the right goals and implement best practices to get the most out of your OKRs.

5. How would knowing your company’s budget assist you?

When choosing the correct OKR tool, you must also consider your budget and money. If you’re in the early stages of your company’s development, you may have budgetary constraints and must pick a solution that meets your needs while staying within your budget.

Begin by establishing a list of the fundamental functions you want from your OKR software and building a budget around that. Then, using that list, evaluate the OKR tools in the marketplace to make an educated decision.

6. Why do I need OKR tracking software for a user-centered approach?

The success of the OKR tracking software will ultimately be determined by how well your team uses it. As a result, concentrating on the user experience is critical.

Answer the following questions:

  • Does your team have to switch between platforms to use the OKR tool?
  • Is the platform compatible with mobile devices?
  • Are the directions easy to understand?
  • How quick is customer service?

These are some factors to consider to determine how users (members of your team) will respond to the tool and just how many hours they will require to manage it.

7. How does OKR Software help me in understanding Data Protection Compliance?

Finally, you’ll use your OKR to share a lot of critical information about your organization and team members. Such data and information must be safeguarded, and anonymity must be respected.

You must verify that your chosen software complies with the primary data security and GDPR. You would normally speak to your sales consultant about this. 

8. Does the OKR software provide the whole roadmap for the business?

Many OKR programs will just provide you with an overview of what you want to do, not the overall picture. They’ll mostly use a quantitative approach, providing you with knowledge in the form of data sets and statistics.

However, you should select a tool that can assist you in making insights from each data item. The correct software should comprehend the difficulties your team is encountering. Otherwise, you may accomplish the desired outcomes, but you will be sacrificing the correct culture.

Also Read: How To Get Started With OKRs? Types| Process| Benefits| Templates

9. Is this OKR software capable of scaling up?

You might be planning to expand pretty quickly if you’re growing quickly. However, you must consider if you will be able to boost with the software you have chosen. Preparing for a circumstance when your team has increased significantly is ideal.

For example, you might want to integrate OKRs throughout the business, or create separate teams – can your software be customized to match your growing needs?

10. How well does the OKR program assist you in tracking your progress?

The greatest OKR software not only assists in establishing goals and aligning duties tracking but also in tracking progress. This way, you’ll be able to keep track of the status and take practical steps to accelerate it.

Engagedly, for example, enables enhanced goal transparency and cooperation among departments of an organization by allowing team leaders to link OKRs and measure collective progress. It also allows you to combine OKRs and 1:1 check-ins to ensure that all members and leaders are always on top of high-priority objectives.

11. Is the software capable of increasing engagement?

Finally, huge targets and critical outcomes should not frighten your team members while using an OKR tool. It should concentrate on fostering an inspiring culture in which employees are empowered and aware of their role in the organization’s success. This will encourage them to do better.

The correct OKR software should assist in starting the right discussions so that team members can give feedback on what is and is not working. They can invariably shift the discussion narrative from a top-down perspective to guarantee that issues are addressed before they stifle progress and that cooperation is seamless.

12. What features should an OKR tool have?

Actionable dashboards, as well as insights, should be provided by OKR software products. It should be simple to comprehend and evaluate to be useful. It should also emphasize the number of objectives, the proportion of goals completed, goal alignment, and goal status.

13. In Microsoft teams, how do I keep track of OKRs?

To keep track of your goals, add live OKR dashboards as a tab to any team channel or personal chat. To understand target status, compare OKR improvement over time.

Conclusion

OKR is a common management method for setting goals and tracking progress. It promotes alignment and participation in quantifiable objectives. It was first used at Intel in the 1970s and has since expanded throughout the technology industry as a tool to assist employees to know and participate in the company’s charter.

Engagedly connects your business model to technical prowess. Engagedly gives a clear perspective into targets, key results you measure, and the effort toward fulfilling objectives, whilst OKRs monitor the results of execution. The native OKR capabilities in Engagedly let your team become oriented, remain aligned, and integrate work with value delivery instantaneously.

 


If you’re looking to find out more about OKRs, then take a look at our Ultimate Guide to OKRs – we‘ve included some nifty templates to get you started today.

OKR tracking software

A Guide to Choosing the Best OKR Software for Your Business

One of the most widely accepted frameworks for strategy execution in an organization is Objectives and Key Results, often abbreviated as OKRs. For the success of an organization, each team and department in the entity should work towards the fulfilment of its overall business plan. The short-term objectives should align with the key results, and a consistent feedback mechanism should ensure performance management. 

OKR is a management method that has helped organizations like Google and Intel align their team members with the right goals for their growth and success. It also steered LinkedIn to a market capitalization of over $20 billion.

The importance of implementing the goal-setting framework for an entity cannot be overstated. However, it is essential to understand that each organization differs in its size, goals, mission, core values, etc. Hence, your OKR tool has to align accordingly. 

If you are planning to roll out OKR for your team, the market has a plethora of tools to offer. These tools differ in their functionalities and the issues they prioritize. Hence, finding the right software for your business becomes quintessential. The selection process begins with obtaining an understanding of the framework and finding the right match to create a high-performance culture.

What is an OKR Management Platform?

Goal setting is a quintessential step in an organization’s journey to success. For most organizations, setting objectives and Key results begins with a simple spreadsheet. However, as an organization grows, it branches out in multiple directions, with each team contributing to the overall business strategy. 

OKR software provides a convenient tool for setting goals, tracking progress, and measuring results in an organization. It also offers a platform for communication with subordinates and peers to ensure that the challenges are tackled before they become critical. 

Also read: How company culture shapes employee engagement?

OKRs help organizations drive real performance by making employees accountable for their activities. Our expert guide on OKRs talks about how businesses just like yours can get started with them.

Take a look here.  “The Ultimate Guide To OKRs And Templates.”

Best OKR software for your business

An OKR software follows the objective and key results methodology and ensures the fulfilment of business goals. With so many OKR tools in the market, choosing the right one for your business can become a tedious task. However, considering a few factors can help you find a perfect match for your organisation.

User-friendliness

Quality of user experience is the most important factor in the success of an OKR management software. The OKR software for your business should have a simple, clean interface that attracts and engages the users. The interface should be easy to navigate and use, even by members who lack a strong grip on the technology. 

Getting new users on the platform, editing objectives and key results, and tracking progress should be hassle-free. The OKR tools should have a responsive design that offers optimum performance irrespective of the user device. The layout and instructions should be clear, even for new users. Also, you need to check the kind of customer support offered by the developers.

Size of the business

The size of your enterprise is an essential consideration when choosing the best OKR software for your business. You need to consider the number of members who will use the software. Also, the prospective size of the organization plays a critical role. Hence, plans for scaling up your company in the near future must be taken into consideration before choosing the OKR tool.

Business goals

Every organization has different reasons for choosing OKR tools. Your choice will depend on the type of organizational culture and the business needs you aim to fulfil. 

To understand your requirements, you need to assess:

  • What are the key benefits that you wish to achieve from OKR framework execution? 
  • Which of these goals are immediate? 
  • What is the time frame for the other goals that you want to accomplish? 
  • What are the challenges you plan to tackle with the OKR tool? 

The answer to the above question will help you understand your requirements and streamline the selection process. 

Some reasons for implementing OKR software are:

  • To set clear and specific business goals
  • To align employee performance with the business objectives
  • To enable employees to measure their contribution to key business results and boost engagement
  • To create accountability and empowerment for the workforce
  • To facilitate clear communication between management and team members
Also read: OKR Goal Setting For Successful Businesses

Coaching

Despite the popularity of the OKR framework, many organizations are unaware of the tools and the best OKR practices. Even the most effective OKR tool may fail to create the desired impact for your business if it is not executed and used in the right manner. 

To use the OKR management software for your enterprise, you need to be aware of the OKR framework. Learning from a team of experts will enable you to set the right goals and leverage the best OKR practices for the success of your organization.  

The need for coaching becomes paramount if you are implementing OKR tracking software in your business for the first time. The key to a successful OKR strategy execution is understanding the framework and the OKR software. 

In the absence of a thorough understanding, an organization continues to use the OKR tools as an extension of their routine activities, which brings no productivity boost. Hence, it is essential to find software that also offers coaching by a team of experts for its successful execution in the entity.  

Integration

Toggling between different software can be a cumbersome task. It can hinder employee productivity and can also make the OKR tool ineffective. Hence, to maximize the potential of your OKR tracking software, you need to ensure that it offers integration with other applications.

Take a look at the existing tools used by the various departments and make a list of the software that the product sales or marketing team would like to use in the future. Choose an OKR software that offers integration with these applications. 

This will ensure that the team members can link their efforts to the business strategy and results. Also, the OKR tracking software should provide seamless integration with performance management tools within the organization.

Also read: How To Maximize The Potential Of OKRs?

Pricing

The price of OKR management software is an essential consideration. The pricing should be transparent, with no additional or hidden charges. However, it should never be considered the sole determinant when choosing a software solution.

Apart from the price, analyse whether the tool offers value for its investment. This requires considering factors like the size of the company, the functionality offered, integration with other tools, coaching by experts, etc.

For small businesses, pricing can be a critical factor, as the organization is still in its early stages and may suffer from financial restrictions. A suitable solution in such a case is to consider the desired functions and features to set a budget accordingly.

 This will allow you to make a comparison between different software that offers the functionalities and fits your budget. Also, it is advisable to try out a free trial version of the software before you make the ultimate commitment. This will help you understand how well the OKR tracking software fits your organizational needs. 

Data protection

Irrespective of its size and business objectives, data is the most valuable asset for any organization. Hence, it needs to be protected from data leakage and confidentiality breach.

Once you roll out OKR software, it becomes an ultimate part of your organization. The process of goal setting involves sharing a lot of critical organizational information and data. Hence, it is important to ensure that this information remains confidential and well protected. 

Before you choose the best OKR software for your business, you need to ensure that it complies with the major data protection and GDPR guidelines.

Conclusion

The OKR management platform enables an organization to achieve unprecedented results through clear goal-setting and performance evaluation. It allows each team to contribute to organizational success by focusing their efforts on the business objectives and key results. 

The OKR tools make the strategy execution process more convenient by providing a platform for continuous evaluation and monitoring. It helps each member to track their progress to the organizational goals and boosts employee morale and engagement. Also, it creates a sense of accountability on the part of employees as they can see their contribution to the organisational objectives.

OKR tools enable goal-setting, as well continuous monitoring to ensure that any discrepancies are addressed at the earliest. It also provides a means for consistent communication with subordinates, as well as peers. Hence, OKR software bridges the gap between strategy execution and performance evaluation and helps in achieving organizational results. 

However, the best OKR management platform for each organisation depends on the specific requirements, size, functionality, budget, and software integration needs of the entity. Hence, for a successful OKR execution, an organisation needs to find the balance between available financial resources and desired functions.  

Goal settings and OKRs


Planning to implement an OKR management platform but don’t know where to start? Talk to our experts for a free demo.

Request A Demo


Subscribe To The Engagedly Newsletter


Privacy Preference Center