Introduction
OKRs and KPIs are two of the most popular goal-setting and performance management frameworks. Both have their own strengths and weaknesses, and it's important to understand the differences between the two before deciding which one is right for your organization.
What are OKRs?
OKRs stands for Objectives and Key Results. It is a goal-setting framework that helps teams align their efforts and track their progress towards ambitious goals. OKRs are typically set on a quarterly basis, and they are typically made public so that everyone in the organization can see what everyon
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The future of performance appraisals is likely to be characterized by a number of trends, which include:
A shift from annual to continuous feedback. More and more organizations are moving away from once-a-year performance reviews in favor of continuous feedback. This allows managers to provide employees with more timely and actionable feedback, and it can also help to build stronger relationships between managers and employees.
A focus on development rather than ratings. Traditional performance appraisals often focus on rating employees on a scale, but this approach can be counterpr
A shift from annual to continuous feedback. More and more organizations are moving away from once-a-year performance reviews in favor of continuous feedback. This allows managers to provide employees with more timely and actionable feedback, and it can also help to build stronger relationships between managers and employees.
A focus on development rather than ratings. Traditional performance appraisals often focus on rating employees on a scale, but this approach can be counterpr
New research has been published by Forrester based on surveys into the impact of Covid-19 on employees and performance management. The results (outlined above) are worth reviewing from the perspective of the impact on organizational performance.
According to the research, fifty-three percent of respondents to the Forrester survey said that they are afraid of the virus and sixty-seven percent say that the regularly stay informed about it. While forty-five percent of respondents believe that work life will be disrupted by the virus into the future, even worse is that almost thirty percent
According to the research, fifty-three percent of respondents to the Forrester survey said that they are afraid of the virus and sixty-seven percent say that the regularly stay informed about it. While forty-five percent of respondents believe that work life will be disrupted by the virus into the future, even worse is that almost thirty percent
The second model is where goals are described in terms of Key Performance Indicators (KPIs) that need to be achieved in order for the business to realize a successful outcome. KPIs are unique to every organization so choosing the most effective KPIs is based on a clear understanding of the organization’s priorities. KPIs may be described in operational terms (e.g. achieve x outcome by y date) or in terms of general progress towards achieving the business strategy.
This approach is obviously less prescriptive than S.M.A.R.T goals as it is widely open to interpretation depending on the prio
This approach is obviously less prescriptive than S.M.A.R.T goals as it is widely open to interpretation depending on the prio