Profit.co News Digest – May 2022

Power Productivity with New Features in Profit.co:

OKRs:

• Edit the Milestone Sequence in Reflect/Reset OKRs: Users can now modify the milestone KR sequence during the Reflect/Reset process of OKRs.
• Copy an OKR name to the clipboard: Users can now copy OKRs name to the clipboard directly from the OKR List page.
• Download the Key Result Progress Presentation in a Hierarchical View: Users can now download their Key Result Progress as a presentation based on the list of specified OKRs in hierarchical order.
• Restrict Visibility for Key Results in OKRs: Users can now Restrict the Visibility of Key Results in OKRs within the organization.
• Restrict Parent Key Result Check-ins: Super users can restrict check-ins on parent key results, so only sub-key result check-ins will contribute to parent KR progress.
• Filter OKRs by Periods: Users can access the period filter from the OKRs list page and instantly filter the OKRs.
• Sub department members can link Initiatives to Objectives: Users from sub departments can link initiatives to the parent department’s OKRs or another sub department’s OKRs.

Task Management:

• View the Owner of the Tasks: Users can now view the name of the employee who created a task, and the date and time it was created in the “Created By/On” field in a task’s edit page.
• Navigate to the Workspace/Board from Task Card: Users can now navigate to Workspace/ Boards easily from any associated task card. They can also view all the tasks of that Workspace/ Board with a single click.

Performance Management:

• Self-assessment review form: Users can showcase their achievements, strengths, weaknesses, and strategies for the next quarter via self-assessment.

UI Enhancements:

• OKR Review panel: Users can access and view all their reviews from the OKR Review panel.
• Add comments to OKR Review: Users can access their review from the OKR Review panel to add comments.
• My Org OKR Review: Users can select and view their review summary information from the OKR Review panel.
• Conduct PPP Review: Users can view their reviews directly from the OKR Review panel.
• Add Reviewers to PPP OKR Review: Users can instantly create reviews from the OKR Review panel and add Reviewers.
• View the OKRs of your subordinates: Users can directly view the OKRs of any employees throughout the organization with the My Org’s OKRs view.
• Self-assessment review Form: Before submitting the Self Assessment review users can view their Review Summary Information which shows the Overall Rating of the self-assessment.

Reflect & Reset Annual OKRs vs. Quarterly OKRs

• Learn how to reflect and reset 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, and ignite performance in your organization.

KPIs Library

• Profit.co has come up with the 7 call center metrics to help you track the productivity & performance of your call center agents. In this blog, you can explore top metrics to help you to evaluate the effectiveness of your customer service team. Read the entire article here: 7 call center metrics to track productivity & performance
• The PDCA cycle is a management approach to control and monitor the product development process. You can now integrate the PDCA Cycle & OKRs to solve organizational challenges and improve efficiency with quality innovation. Learn more in this article from Profit.co: What is the PDCA cycle? How to integrate the PDCA Cycle & OKRs.
• Increased turnover rate is a sign of poor organizational structure. In this article, Profit.co explains how to calculate your turnover rate and strategies you can use to help decrease it: What is Turnover Rate?
• Human resource metrics can help you effectively manage your workforce in an effective, hassle-free way. This guide explains the top 10 HR Metrics that you should measure to monitor processes, efficiency, and create better outcomes: Top 10 HR Metrics that you should measure
• SaaS metrics are the important standards which can give a steady growth to your organization to boost your customer acquisition. Profit.co can help you track your most important metrics and KPIs. Read this blog by Profit.co to learn more: 5 SaaS metrics to measure and improve for faster growth
• This article discusses how KPIs & Metrics differ from each other and how they work: KPIs vs. Metrics.
• A good net profit margin is one of the key factors you need to achieve success in any business. In this blog, learn about the importance of project margin, the types of project margins, and how to stop project margin value reduction: What is project margin? How is it calculated?
• Performance metrics refer to the measurement and assessment of an organization’s performance, abilities, and actions. These metrics provide data that represents the health of an organization. Learn about performance metrics in this blog from Profit.co: Introductory guide to understanding performance metrics
• Avoided cost is a KPI that tracks the amount of money the company is saving by making smaller, incremental expenditures. Measuring avoided costs can help the company better manage finances, reduce expenses, and utilize resources. Learn more about avoided costs in this blog from Profit.co: What is Avoided Cost and What is its Significance as a KPI?

Marketing KPIs

• This article from Profit.co offers readers a comprehensive view of the website traffic lead ratio, an important aspect of digital marketing performance. This KPI helps you pinpoint the areas where you should implement changes: Website Traffic Lead Ratio

Employee Engagement

• Human Capital Management (HCM) in an organization encompasses the governance of the workforce and assists companies in hiring, training, developing, and retaining top employees. Learn more about Human Capital Management and its benefits in this blog from Profit.co: Human Capital Management.
• Employees are one of the most valuable assets in an organization. An organization must recognize and understand employees’ needs and fulfill them. This helps in creating a well-balanced work environment. Learn more about employee needs in this blog from Profit.co: 10 Most Important Employee Needs in 2022 and How to Meet Them

OKR University

• BPM helps an organization’s managers study and optimize the business’ processes. This enables the company to establish a cost-efficient system that maximizes resources and minimizes expenditures. You can learn more about BPM through this article from Profit.co: What Is BPM? What Are Its Benefits?
• 7 Tips for Mastering OKRs in 2022: In this article from Profit.co, you’ll learn how to design a goal-setting framework that helps in tracking and measuring your organization’s progress. OKRs help create the focus and discipline an organization needs that help achieve goals.

Task Management

• Gantt Chart is a project management tool that helps visualize tasks and milestones achieved in an organization. This helps the company schedule and plan projects with respect to the project’s duration, sequence, and available resources. Learn everything you need to know about Gantt Charts in this article from Profit.co: What is a Gantt chart? Everything you need to know
• Understanding project management metrics is essential for growth and development in an organization. Project management metrics help measure project performance and monitor team progress. Learn more about these key metrics from this Profit.co blog: Key Project Management metrics that you need to track