Profit.co News Digest – April 2022

Power Productivity with New Features in Profit.co:

OKRs:

• Disable Sync from Sub Key Results: Users can now Disable the synchronization between the Sub Key result and the Key result.
• Key Result Weight Roll-up: By using the KPI Based roll-up approach the progress of the parent key result will be updated by the progress of sub-key result
• View sub-department and sub-team OKRs in Company Dashboard: Users can view the count of OKRs present in the sub-departments and sub-teams through the Company Dashboard.
• Key Result Progress Presentation: Users can download Key result progress report for the week or quarter periods in a single click.
• Key Result Status Propagation: Restrict the progress calculation of the sub-key result when we give a specific status. By the status given for the sub-key results the status of the parent key result will change.
• Change the Default Owner of an OKR: Users can change the default owner of the OKRs by using the search and select option while creating or editing OKRs.
• Restrict the visibility of Strategic Data: You can restrict the visibility of the strategic data fields in the create/edit OKR page by selecting the OKR Category as LEGAL MANDATE.

Task Management:

• Email notifications for task assignments: Super users can now enable email notifications for assigned tasks. Now, when you assign a new task, the task assignee is instantly notified and can view the task through their email.
• Copy comments in task management: Users can now copy the comments from the task boards to their clipboard.
• Move back the tasks from any Workspaces/Board to My Tasks: This feature allows users to sort a task back to the “My Tasks” page if they accidentally added it to a Workspace/Task Board.
• Copy Tasks with the selected attributes: Now, when duplicating individual tasks, users can also choose to copy task attributes such as the due date, priority level, attachments, etc. along with it.

Performance Management:

• Hide managers’ overall rating from employees Super Users can now control the visibility of managers’ overall rating in the performance review summary. If the super user does not want to show the manager’s rating to the employees, they can hide their ratings using this option.
• Define weights at the Individual Competency level: Super Users can now assign weights to individual competencies based on how important each skill or attribute is to their organization.
• Associate Sub Key Results with goals: Users can associate their sub-key results with goals to automate the progress of goals via the check-ins that they made in sub-key results, also users can precisely achieve their goal on time with their associated sub-key results.
• Employees can Auto-approve their peers in Self-Assessment Review: Employees can auto-approve their Peer Assessment Request in the performance review process.
• Star Rating in Performance Review: Users can now use the star rating scale to rate the performance of the employees. The colors can be customized from the rating definition.

General:

• License Summary Dashboard: Super users can view this analytical tool to view all users’ information.
• Email Notifications for Key Result Assignments: With this feature, the assignee of a key result will get an instant notification through the email to view the assigned Key results and sub-key results.
• Department Admins modify User Details: Departments admins can create new users and modify the existing users within their department.

UI Enhancement:

You can add tags while creating a new objective or key result using a step by step guide.

• Add tags in Objective (Step 3): You can now add tags to your objective.
• Add tags in Key Results (Step 8): You can now add tags to your key results.

OKR Ranking score on Presentation: While downloading the End of Quarter Presentation (Step 3) and OKR Progress Presentation (Step 5) users can see the rankings present in the OKR levels.

• Strategic Road Map (Step 6): In the Road Map Gantt view users can see the current year/quarter by default.
• Search Option in Team List (Step 3): Users can use the search option at the team level via Settings.
• Search option in Departments View (Step 4): Users can use the search option at the department level via Settings.
• Export Improvements in OKR (Step 2): Users can see the check-in custom attributes while exporting the OKRs.
• Improvements in Reflection Dashboard: Optimized data loading time on the reflection dashboard page.
• Improvements in Reflection Dashboard: Optimized data loading time on the reflection dashboard page.

Take a look at our most important feature updates with Profit.co’s feature highlight video!

Check out our latest video update for top-notch tips and solutions for all your OKR and performance management needs!

Reflect & Reset Annual OKRs vs. Quarterly OKRs

• Learn how to reset and reflect annual OKRs vs Quarterly OKRs in this tutorial video by Profit.co.

Check out our latest blog posts!

Take a look at our newest blogs! These posts can help you set impactful OKRs, give employees an engaging experience they love, and ignite performance in your organization.

• Profit.co has come up with the checklist for employee offboarding. In this blog, you’ll find possible reasons for the employee’s exit and a reasonable timeline that needs to be kept in mind while following the checklist. Read the entire article here: How to Manage the Employee Offboarding Process.
• Acquiring new customers is an art. While a clever advertising strategy might capture their attention, it’s the steps you take afterward that help you onboard new customers. Learn more in this article from Profit.co: Customer Acquisition Cost: How do you measure and improve this KPI?
• Considering the growing importance of customer lifetime value to businesses, this guide aims to answer all your questions on this KPI: Customer Lifetime Value (CLV)
• This article discusses how you can measure net retention rate in different ways, as well as what actionable steps you can take to improve it in your business.
• The project scope defines and outlines the essential aspects of a project. This information includes the project stakeholders, deliverables, processes, requirements, and constraints. Read this blog by Profit. co to learn more: Scope: Definition and Its Importance
• 74% of businesses plan to make a permanent shift to remote work because of increased efficiency. So what is efficiency? How is it different from effectiveness or productivity? To learn more about these terms, check out Profit.co’s blog: What is Efficiency? Best Practices to Improve Business Productivity.
• People management involves acquiring, optimizing, and retaining talent. A well-managed team has high morale, strong performance, and good relationships. Learn about people management and its benefits in this blog from Profit.co: Understanding People Management & Its Benefits.
• Learn about the Five Phases of Waterfall Project Management: Its Advantages and Disadvantages in the blog: The 5 Phases of Waterfall Project Management
• The success of an organization depends on how well it executes its projects. Learn about project management in the article: What does a Project Manager do?: Roles & Responsibilities.
• Process mapping allows you to understand how a particular process works. This is a diagram map of workflow, including all business process steps: What Is Process Mapping? A Guide & Sample Template
• Goal-setting is an integral part of an organization, its culture, and its strategy execution, so know What are FAST Goals? How are they better than SMART goals?.
• Today, more and more organizations are adopting cutting-edge technology and process frameworks to enhance IT AMS (Application Maintenance and Support) capability and efficiency. Know why Profit.co suggests OKRs for IT AMS.
• What is Agile Project Management? In this article, you’ll learn what exactly agile project management is, its core principles and values, and what the benefits of implementing this methodology are. By the end, you’ll be able to decide if agile project management is the right solution for you.
• It’s time to dream big, achieve more, and push boundaries, know what exactly you want to do with the blog by Profit.co: OKR Books: Read What Matters!
• For talent management to be effective, the strategies must align with the business goals and objectives. Strategic talent management allows a company to develop a high-performance work environment. Know what Profit.co has to tell about Talent Management.
• A KPI Dashboard is a visualization tool that converts KPIs, raw data, and metrics to simple forms such as graphs and charts. Profit.co tells What is a KPI dashboard? With illustrative examples and templates.