PeopleWiz's Talent Management portfolio comprises of a set of integrated organizational HR processes designed to attract, develop, motivate, and retain productive, engaged employees.
|Agile Goals||Instead of using annual static planning, OKR takes an agile approach. By using shorter goal cycles, companies can adapt and respond to change.|
|Simplicity||Using OKR is straightforward, and the OKRs themselves are easy to understand.Companies that adopt OKR reduce the time spent setting goals from months to days.|
|Transparency||The primary purpose of OKR is to create alignment in the organization. To do so, OKRs are public to all company levels - everyone has access to everyone else's OKRs. The CEO's OKRs usually are available on the Intranet.|
|Nested Cadences||Strategy and tactics have different natural tempos since the latter tends to change much faster. To solve this, OKR adopts different rhythms:
|Bidirectional Goal Setting||Instead of using the traditional top-down cascading model, OKR uses an approach that is simultaneously bottom-up and top-down.
From the company's strategic OKRs, teams can understand how they can contribute to the overall strategy.
In this process, around 60% of the tactical OKRs are set by the teams in alignment with the company goals and then contracted with the managers in a bubble-up approach.
|Financial||To succeed financially, how should we appear to our stakeholders?|
|Customer||To achieve our vision, how should we appear to our customers?|
|Process||To satisfy our customers and shareholders, at what business processes must we excel?|
|Learning and Growth||To achieve our vision, how will we sustain our ability to change and improve?|
- Compensation structure
- Simulations for salary review
- Variable Pay plans
- Executive pay plans
- Sales Commission Plans
- Profit sharing plans
- And many more depending upon the need of the company