Employees who know the company goals, the reason behind the goals and the path drawn to reach these goals are always motivated. If the company’s goal aligns with the employee’s goals and can add significance, employees put in all their efforts to reach their goals. Understanding the company’s technique allows people to prioritize and embrace the right goals. The OKR methodology aims to strengthen the communication between the employee and the manager. It creates a developmental environment by establishing a feedback culture. Moreover, actions that are visible and evaluated following the real data motivates the career development. This supportive environment makes employees more committed to their organizations.
One-to-one interactions are essential to increase efficiency, as employees have their expertise and challenges. Interacting with employees makes a lot of progress.
Thanks to the OKR tracking and feedback system, all teams in your company can comprehend the goals and progress of different team members at any time. That also creates the possibility for instant comparison, alignment, and route modification.
A group of motivated and engaged employees is the source for business development and efficiency. The OKR methodology can help companies to increase employee engagement and productivity. From transparency in goals to employee recognition, a customized OKR platform can become the management tool that your company needs.
The cost of low employee engagement: $500 billion
According to a study published by Forbes, the cost of low employee engagement to companies is quite high. Study shows that low-engaged employees cost organizations nearly $500 billion each year.
Low-engaged employees lack motivation and are less responsible. That is one of the biggest factors reducing overall productivity and efficiency. Thus, the study recommends that companies create a robust communication environment with their employees and use digital tools to make their success and support needs visible.
OKRs allow employees to better focus on their work with transparent goals. In addition, aligned goals for the organization and individuals increase motivation and ensure team coordination through instant feedback. Visible goals play an important role in setting priorities and revealing the big picture.