Power Productivity with New Features in Profit.co:
OKRs:
- Parallel Check-ins in Milestone Tracked Key Result: Users can check-in and make progress for the Individual Milestone Sequences.
Performance Management:
- Export Goals Report: Users can now export data from goals in XLS or CSV formats from the Goals module.
- In Individual Development Plan and Performance Improvement Plan, users can now add documents from the device and drives.
- Add attachments in Goals: Users can now add documents and links as attachments in Goals.
- Assessment Status in Reviews: In the performance review dashboard, now users can view the Assessment Status of the performance reviews.
- Review Dashboard: Users can now view employee assessment progress in graphical data visualizations with infographics.
User Management:
- Task Workspace menu as the default landing page: Users can now set the Task Workspaces menu as the default landing page while logging in.
UI Enhancements:
- Identify the parent and sub-key results in the Department Progress: Users can now view the parent key results with sub-key results in the Department Progress.
- Optimize the create flow in OKR: The create flow for Objectives and Key Results is now optimized which enables users to create flow instantly and efficiently.
- Meetings Module: The new and improvised meetings modules will help users to schedule and access meetings much more efficiently.
- Succession & Development: Profit.co now provides an option to create and customize layouts for Individual Development Plans, Performance Improvement Plans, and Potential Assessments for the employees in the organization through the Succession and Development window.
- View associated Tags from the Task Board: Users can view all the associated tags for the tasks from the task board itself.
- Show all the boards along with the Workspace under the Favorites section: By adding the workspace under the favorites section, the boards along with the Workspace will be added, so users can easily access and monitor their workspace boards efficiently.
- Add/Remove Workspace from the Left Menu: Profit.co now provides an option to remove Workspace from the left menu.
- Accept/Reject and Reassign Tasks from the Action Center: The assigned user can accept/reject the tasks before checking the assigned sub-tasks, attachments, priority, associated key results, due dates, and others through the Action Center.
- Task tracked KR – KR progress: Profit.co now allows you to measure the progress of the Task Tracked key result by using the sub-key results progress for effective tracking of the key result.
- Back and Cancel option in Pulse Survey Form: The users will be having Back and Cancel option in the Pulse Survey form.
- Improvements in Bottom-Up Alignment: Alignment Popup has been improved for the Bottom-up Alignment.
- Business name changes automatically: Business name updates across the Account automatically instead of changing in localization.
- Task menu as the default landing page: Profit.co users can now set the Task menu as their default landing page.
- Department Heatmap: Profit.co has made improvements to the Department Heatmap feature, you can select various departments and view their progress.
Check out our latest blog posts!
Could you take a look at our newest blogs!? These blogs can help you set impactful OKRs, enhance employee engagement and ignite performance in your organization.
OKR University
- A framework that focuses on assisting businesses with goal setting and management is the OKR checklist. You may efficiently execute your overall business goals by matching daily tasks with the OKR checklist. Successful businesses such as Netflix, LinkedIn, Google, and Adobe achieved their ambitions through concrete actions guided by the OKR checklist. Learn more about it from this Profit.co article, OKR Checklist.
- Strategic priorities are statements of what is essential to your business and, perhaps, the entire sector. They might consist of a range of elements and procedures such as goals, target markets, and key performance indicators (KPIs). Learn more about it from this Profit.co article, What Are Strategic Priorities? 10 Steps to Set Strategic Priorities.
- Strategy Implementation requires translating a business plan into concrete actions that will help you reach your goals. In order to keep and maintain your bottom line, it’s how you get things done in your business. Learn more about it from this Profit.co article, What Are the Key Steps to A Successful Strategy Implementation?
- A sales strategy describes how a company sells products to customers in order to make profits. A sales plan also illustrates how your company distinguishes itself from your rivals. In addition, it contains buyer profiles, sales structures and procedures, product positioning, key performance indicators (KPIs), selling techniques, and competition analyses. Learn more about it from this Profit.co article, What Is A Successful Sales Strategy And How To Build One
- Strategic performance management pertains to an organization’s alignment of its employees with its overarching operational framework. Performance standards, information sharing, and leadership are coordinated to ensure that everyone is working toward the same objective. Learn more about Strategic performance management from this Profit.co article.
- An organizational strategy provides a sense of direction that specifies how a company will allocate its resources both now and in the future. Capital, people, inventory,00 and space are all characteristics of resources that enable a business to accomplish its vision and goal. Learn more about Organizational Strategy from this Profit.co article, Organizational Strategy: Meaning, Definition, and Key Elements.
- The method through which the team will accomplish the goals is described in strategy development. It also incorporates the company’s vision and mission to ensure that all employees are aware of and engaged with the company’s objectives. The identification of strategic options aids in an organization’s growth and goal achievement. Learn more about Strategy Development from this Profit.co article, Introduction and Steps in Strategy Development.
- The successful implementation of a plan constitutes the term “strategic execution”. The finest business results come from putting a company’s strategic ideas into action after a protracted planning process, which is why strategy execution is so essential. Learn more about it from this Profit.co article, What is Strategy Execution and How to Execute it Successfully?
Behavioral Economics
- IKEA, a brand of furniture with a solid international reputation, is well known for creating products that promote self-assembly rather than shipping them pre-assembled. In order to expand its business, IKEA profited from buyers’ preference for furniture that they required time to build. As a result of how it led buyers to favor particular products and the IKEA brand, the term “IKEA effect” was created. Learn more about the IKEA effect from this Profit.co article, What is IKEA Effect?
KPIs Library
- The churn rate is a crucial indicator for companies where consumers consistently make payments. Regardless of how much money you make each month, your business will suffer if your high-quality clients don’t stay with you long enough for you to recoup your customer acquisition cost (CAC). Learn more about churn rate from this Profit.co article, Churn Rate: What is it? Definition, Formula, and Examples.
- The annual retention rate affects the number of employees you retain throughout the year. It contrasts the number of people who currently hold the same positions with those who did so in the past. The ARR clearly demonstrates both your capacity to keep a productive crew and your employee satisfaction rate. Learn more about the annual retention rate from this Profit.co article, Annual Retention Rate: Why Should You Track It?
- One of the most crucial KPIs that must be monitored continually to run a business successfully is the customer lifetime value (LTV). LTV is a business metric that enables you to determine how much money one client can generate for your organization over the course of their association with you. Learn more about it from this Profit.co article, Calculating LTV:CAC, The Most Important KPI For Your Business
- Net burn rate is the sum that a business loses each month as a result of using its cash on hand. The net burn rate should be minimal to last longer before seeking additional funding. The inferred runway, or how long a company can continue operating, is also determined by its net burn rate. The implied runway of a business is based on its net burn rate. Learn more about it from this Profit.co article, What Is Net Burn Rate? Impact and Control of Burn Rate
- In recent years, the price of onboarding new consumers has gone up by more than 60%.The time it takes for a business to recover the money it spends on acquiring a single customer is known as the payback period. The payback period demonstrates the effectiveness of your customer acquisition strategies. Short payback periods are a sign of improved, more cost-effective acquisition strategies. Learn more about CAC Payback periods from this Profit.co article, What is CAC Payback Period? How Does Reducing the Payback Period Benefit Your Business?
