Why weighted key results?

Typically, 3-5 key results are defined to measure the achievement of the objective. These key results’ progress influence objective attainment. However, in some cases all key results do not have an equal impact on the objective progress. It is a common practice to identify the impact and importance of key results on objectives by assigning them weights. Weights can be increased or decreased based on the importance of key results. Internally, weights may be decided and discussed with team members. Assigning weights to key results and discussing with employees
  • Helps them prioritize their activities and plan their efforts on a daily basis
  • Communicates key result’s relative significance to the goals of the department and organization.

How weighted key results work?

Weighted Key Results allows you to set weight and define importance for every key result. The sum of weights should be equal to 1. Each key result’s weighted average will be considered to calculate the objective overall progress. If no weights given, all key results will be treated equally. Weights can be assigned to key results using.
  • Per unit weighting ( Adding up to 1)
  • Percentage weighting ( Adding up to 100%)
  • Numeric weighting ( 5,4,3,2,1: where 5 is the highest weighting and 1, lowest)

Profit supports per unit weighting (0 to 1 scale) adding up to 1.

Let see, with an example, how weights can be practical in a situation. In an emerging startup, A HR manager creates an OKR for his team.

Objective: Improve Company Performance KR 1: Launch Talent Review Program KR 2: Launch Upward Feedback Program KR 3: Develop Framework for Succession Program
While all the key results share the common objective, he decides the 3rd key result should be given less weight as it is not that difficult to attain compared to the remaining key results. When he assigns these key results to his team members, he can choose a new employee who also needs to focus on developing job and domain knowledge for the third key result.

To define key results in Profit, please refer to the steps in here.

kradhakrishnan

Recent Posts

Career Development Plans That Drive Engagement

Work has changed.People no longer see their jobs as simply a paycheck or a place…

1 week ago

How the Say-Do Ratio Helps Measure Commitment in Agile Teams

Agile teams live on a steady diet of promises and proof. At sprint planning the…

1 week ago

Why is Culture Important to the Success of a Merger & Acquisition Strategy?

Many companies begin discussing mergers and acquisitions with meticulous plans and comprehensive financial models. But…

1 week ago

Why focusing on HRIS performance alone hurts the business

For years, people thought that performance management was an HR job, with forms, ratings, and…

1 week ago

Why Your Billion-Dollar Merger Is Probably Killing Innovation

Consider this scenario: when a Fortune 100 company bought a cloud startup for $2.3 billion,…

1 week ago

What is the Link Between Employee Wellbeing and Engagement?

What is Employee Wellbeing? Employee wellbeing is one of those topics that sounds simple until…

1 week ago