2 OKR examples for Workday
What are Workday OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
How you write your OKRs can make a huge difference on the impact that your team will have at the end of the quarter. But, it's not always easy to write a quarterly plan that focuses on outcomes instead of projects.
We have curated a selection of OKR examples specifically for Workday to assist you. Feel free to explore the templates below for inspiration in setting your own goals.
If you want to learn more about the framework, you can read more about the OKR meaning online.
Best practices for managing your Workday OKRs
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to the weekly check-ins
Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples below). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
Building your own Workday OKRs with AI
While we have some examples below, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.
- Use our free OKRs generator
- Use Tability, a complete platform to set and track OKRs and initiatives
- including a GPT-4 powered goal generator
Best way to track your Workday OKRs
The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
Workday OKRs templates
We've covered most of the things that you need to know about setting good OKRs and tracking them effectively. It's now time to give you a series of templates that you can use for inspiration!
You'll find below a list of Objectives and Key Results templates for Workday. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.
Hope you'll find this helpful!
OKRs to improve data analysis efficacy in higher education using Workday
- Improve data analysis efficacy in higher education using Workday
- Increase data processing speed by 15%
- Enhance accuracy of data analysis by reducing errors by 20%
- Implement rigorous data cleaning procedures before analysis
- Introduce data validation checks in analysis process
- Train team on advanced error detection methods
- Train 3 team members on advanced Workday functionalities for better utilization
- Organize a comprehensive Workday functionalities training
- Identify 3 team members for advanced Workday training
- Evaluate and provide feedback after the training
OKRs to strengthen reporting capabilities in Workday for higher education sector
- Strengthen reporting capabilities in Workday for higher education sector
- Create and implement five new comprehensive higher education reports in Workday
- Identify key data points for inclusion in comprehensive reports
- Implement and test new reports in the live system
- Design five new report templates in Workday
- Increase satisfaction among higher education Workday users by 20% through improved reporting
- Implement feedback system for regular user experience reports
- Develop comprehensive training on advanced reporting features
- Enhance reporting interface for improved user-friendliness
- Complete specialized Workday reporting training for higher education within four weeks
- Allocate study hours weekly to complete the training
- Review and practice training topics weekly until proficient
- Register for specialized Workday reporting training for higher education
More Workday OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to enhance the quality of our App notifications OKRs to improve the accuracy and efficiency of our tax and accounting processes OKRs to boost team engagement and cultivate a positive work environment OKRs to improve OKR implementation and effectiveness OKRs to enhance user satisfaction and engagement with our app OKRs to optimize the performance of our venture capital portfolio
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: Complete 2024 OKR cheat sheet
- Blog posts: ODT Blog
- Success metrics: KPIs examples