OKR Software

What is OKR software?

Objective and key results (OKR) software is a type of goal-setting and tracking software that uses the OKR methodology. This OKR framework is used to set and achieve goals that involve defining specific, measurable objectives, along with a set of key results that help track progress towards these objectives. OKR software provides tools and features that help organizations and individuals implement the OKR methodology and achieve their goals. Managers can use OKR software for employee performance management as they can quickly generate reports and assess their team’s productivity.

How does OKR software work?

OKR software defines strategic objectives and the specific key results that will help measure progress toward achieving those objectives. The tool provides several features to help you accomplish this. These include:

• Goal management: Allows employees to set and manage work or career-related goals they are supposed to achieve in a given time frame (monthly, quarterly, or annually).

• Progress tracking: Lets managers track employee progress and create reports on how each task or process has advanced since initiation.

• Strategic planning: Helps leadership align individual goals with company goals on a centralized platform and visualize preferred outcomes and identify specific steps to achieve them.

How do I choose an OKR tool?

• Check customizable dashboard options: Dashboards not only offer a clear view of the set business and employee goals, but they also visualize the data, including the team’s objectives and progress, in the form of charts, graphs, and tables. As this visualization makes it easier for you to read and understand data metrics, ensure that the OKR tool you’re considering offers this feature.

• Asses task management capabilities: Task management offered by OKR platforms lets you create and track action items and their respective status. You can use the tool to create tasks for your employees that help them achieve their goals. The tool also lets you assign or reschedule tasks as per employees’ bandwidth and the priorities of the business. Since the progress and completion of tasks may impact business goals, ensure that these features are a part of the tool you’re considering.

• Evaluate communication management features: OKR management software offers communication features such as activity feed, chat, email, and discussion forum. These options let you communicate with your employees and also offer a space to them to see all the important updates and discuss ideas. Having such options in your OKR tool will help you keep your employees engaged.

What is the best OKR software?

Since there are numerous options available on the market, choosing the best OKR software for your business can be a challenging task. To help you narrow down your search, here’s GetApp’s OKR software Category Leaders report. This report highlights top-ranking OKR tools based on ease of use, functionality, value for money, the likelihood of recommendation, and customer support ratings.

How much does OKR software cost?

OKR software costs in the following price ranges*:

• $4 - $6

• $7 - $10

• $11+

Most products in the market are priced on a "per month" basis and can be divided into three pricing tiers based on their starting price.

What are the benefits of OKR software?

• Aligns individual goals to company goals: By using OKR management software to set and align departmental goals with company objectives, employees can clearly see how their daily efforts contribute to the overall success of the organization. This promotes engagement and collaboration and helps ensure that everyone is working towards the same goals.

• Promotes team collaboration: With an OKR platform, company employees are able to gain an understanding of what the rest of the team is working on, which may motivate them further to contribute to departmental goals. The OKR solution makes team goals much more visible, enabling all team members to stay on the same page and better support each other over the duration of a project.

• Helps managers monitor progress: To help employees reach their goals, managers must be able to monitor employee goal progression closely. With an OKR solution, company managers are able to check OKR progress via its dashboard. OKR software also sends notifications to managers to alert them of employee goal check-ins, aiding both manager-employee communication and goal-monitoring efforts.

How does OKR software help SMBs?

• Aligns goals: OKR software helps set goals that are aligned with the overall vision of the business. Those goals can then be broken down into team or individual goals, ensuring that everyone within the business is working towards the same larger goal.

• Improves transparency within the business: OKR software ensures that every team member is aware of their as well as the overall business’s goals. In case they are not, users can simply access goals via the tool. This transparency makes it easier for them to understand what they are working towards.

• Acts as a centralized repository of goals: As the OKR system allows the leadership to set and track business goals, it automatically stores all the information related to goals and the progress made to achieve them. Managers can access this data anytime to either track the progress of goals or to evaluate employee performance.

Sources

Products evaluated for the pricing calculation were taken from GetApp's OKR software directory. The pricing ranges exclude freemium versions of the products. The features highlighted were identified based on their relevance and the percentage of products in the GetApp's directory that offer them.

*The pricing included is for the entry-level/lowest-priced offerings found on vendor websites as of November 30, 2022. These ranges correspond to the 25th, 75th, and 100th percentiles of pricing information gathered from vendor websites of sample products.

The above list includes pricing for the base plans of most products. An enterprise or premium product that is priced higher may include additional features such as negative feedback management and KPI monitoring.