Every business reaches a point that makes it necessary for you to organize the approach you take towards individual projects and tasks. OKRs (Objective and Key Results) is an approach that has been around for a while but implemented using spreadsheets and a combination of time or project management tools.
However, as competitions get fiercer, companies today are looking to streamline and optimize every process, which is why implementing an OKR tool is no longer just an option. With that in mind, let us begin by understanding the benefits offered by OKR tools before exploring the top OKR tools business leaders must consider implementing.
4 Ways Implementing an OKR Tool Can Help Businesses
While OKRs have steadily emerged as the perfect tool to drive sustainable organizational success, there are a few intrinsic benefits that you should primarily consider:
1. Drives Focus
Organizations can narrow their focus on the most important goals and key results to ensure optimal utilization of their resources and efforts. Doing so can foster clarity and ensure that your employees deliver highly efficient and productive work without overworking themselves. Generally, it is best to limit yourself to working with 3 to 5 most critical OKRs every quarter.
For instance, if you want to focus on getting new business this quarter, you can primarily focus on lead generation-related OKRs.
2. Encourages Alignment
Setting OKRs can help you align all your immediate goals and achievements with the overarching company objectives. When all your teams work cohesively towards achieving a common business goal, you can achieve it faster and reduce the risk of dealing with cross-purposes.
3. Increases Commitment
OKRs ensure that all your key team members are involved in the goal-setting process, so that they feel more ownership and sense of accountability for achieving those goals. Higher commitment is associated with greater engagement and motivation among employees, thus driving results for your business.
4. Tracks Progress
One of the biggest challenges faced by businesses in managing goals and objectives is limited ability or complexity in tracking the progress. OKRs can help you track progress consistently and facilitate open communication among team members and individuals. With the help of this tracking mechanism, you can boost transparency and accountability in the team.
5 OKR Tools to Consider Implementing for Your Business
Now that we have looked at the primary benefits you stand to gain by implementing OKRs in your business, let us explore some of the major tools you should consider in the process:
1. OKRs Tool
Built for SaaS businesses looking for a simple and effective way to manage OKRs, OKRs Tool is one of the simplest and most powerful tools on this list. With OKRs Tool, you can set goals, track progress, and ensure that they are aligned with your broader business objectives.
Features
- Setting and defining clear goals and objectives with AI-powered goal recommendations that align with business priorities
- Enhancing visibility and connectivity about OKRs among all the relevant team members
- Ensuring alignment without micromanaging the progress of each business objective with role-based assignments
- Tracking team progress in real-time to establish robust feedback loops and specific assignment of roles
- Using a comprehensive real-time dashboard to track objectives and OKR performance, helping you utilize resources optimally
- Getting proactive insights and data-driven recommendations that help you refine goals and improve your execution
Pricing
The Launch plan, designed for companies operating at a smaller scale or just starting (with less than 10 users) is Free, and the Scale plan, offering advanced features, costs $30/month for 11+ users.
2. Weekdone
Weekdone is a standard OKR tool with features that let you set and track your most important goals easily, and oversee your OKRs across departments. Weekdone is especially known for higher visibility of goals, and simplification of the reporting process, thus levelling up the decision-making process.
Features
- Aligning and customizing OKRs based on your company objectives and broader strategies
- Getting regular insights on your progress based on employee plans and well-being
- Planning, tracking, and aligning the team members or individual projects with overall business goals
- Tie together the employee goals, achievements, and feedback, for continuous performance management
Pricing
Free up to 3 users. For 4 or more users, monthly plans start from $108 and go all the way up to $2025 for 450 users. Beyond that, you can opt to get custom pricing for your needs.
3. Tability
Tability is a robust platform that can help you create, track, and optimize your OKRs effectively, and ensure that your business goals are at the heart of every one of your business activities. The product is designed to manage weekly reminders and reports so that any risks can be identified in time, and your goals are strategically tied with OKRs. Trusted by renowned companies such as HP, Amazon, Google, and Autodesk, Tability is perfect for businesses that want to grow easily, without having to worry about managing OKRs.
Features
- Leverage AI-assisted goal-setting features that help you come up with crucial and well-aligned goals
- Track your goals and progress by staying aligned with the goals and OKRs
- Get access to accurate OKR reporting and insights by getting real-time updates on your projects
- Get a comprehensive view of all your company goals without any specific configuration or adjustment
- Track important milestones and objectives in alignment with your overall business goals with daily check-ins and real-time data
Pricing
Tability offers three plans starting from Basic at $5 per seat/month, Premium at $8 per seat/month, and Enterprise at custom pricing plans.
4. Perdoo
Ideal for start-ups and growing businesses, Perdoo is a great addition to your tech arsenal when you want to view your OKRs and long-term goals within a single view, thus enhancing overall visibility and transparency. Due to its intuitive interface and ease of use, it is considered one of the top OKR tools out there.
Features
- Creating strategy maps, establishing strategic pillars, and setting the right OKRs and objectives
- Tracking all your OKRs and KPIs using your custom dashboard in real-time
- Generating progress reports to get insights on performance and progress of OKRs
- Regular feedback loops, check-ins, reviews, and more to track your project performance
- Access to different kinds of dashboards for tracking performance, and for measuring engagement
Pricing
Perdoo is free to use up to 5 users; the Premium plan starts from $7.20 per user/month, and the Supreme plan costs $8.80 per user/month.
5. Teamhood
To a large extent, Teamhood works like just another project management or task management software, making it easier for your employees to adopt the product. Trusted by brands like Daimler, Tyrens, and Civinity, Teamhood is great for companies looking to maximize their resource utilization and optimization of processes.
Features
- Planning and managing every aspect of your project using Gantt charts, strengthening collaboration using Kanban boards, and tracking progress on all ongoing tasks and projects using the Project Portfolio
- Collaborating with team members and other company stakeholders using team workspaces, assigning roles, and utilizing connected boards for virtual teams
- Managing turnaround times and project timelines using agendas, time-trackers, and workload views
- Connecting dependent tasks, and creating unlimited sub-items to manage your project at a more granular level
- Generating detailed reports and predictive analytics to measure and assess your project performance
Pricing
Teamhood offers four pricing plans. The basic plan called Professional starts from $15 per user/month, followed by Premium costing $19 per user/month, and Ultimate costing $24 per user/month. They also have a custom Enterprise plan for advanced features and extensive license needs.
Concluding Remarks
When it comes to organizing and optimizing your marketing and sales efforts, you can make a lot of difference simply by setting the right goals and objectives to guide your efforts and resources.
When designed right, OKRs can help you overcome any disconnect with your business objectives, and help boost clarity, transparency, and visibility across the project. Utilize the tools in this list to organize your OKRs and streamline the process of achieving them more effectively.
Also Read: The Future of Digital Workflows: How Businesses Can Boost Productivity with Smart Automation
