Improve Talent Risk Management

In this video, we’ll create the OKR “Improve Talent Risk Management”. A good HR department should not only be able to find talented workers and retain them, but also look ahead, and work to anticipate the needs of the company and demands of the talent market in the coming years. Creating an OKR to Improve Talent Risk Management can help with this planning process.

The key results we could use to measure this Objective are:

Reduce attrition in the top 2 bands from 15% to 5%

• Increase internal promotion rate from 50% to 75%
• Increase employee NPS score from 5 to 7.5

Let’s input this OKR in the Profit.co software.

After entering your Objective, you’ll create a new key result using the form. Input the first key result title– Reduce attrition in the top 2 bands from 15% to 5% — and select the target date for completing this key result. Because this key result contains a metric we would like to decrease, we’ll select “Decrease KPI” from the drop-down menu. You can create a new KPI by pressing the plus sign symbol, or search for an existing KPI by browsing with the magnifying glass or searching the title. Indicate the percentage you’re at now–15%– and the percentage you’d like to achieve– 5%.

Then, you can indicate if you’d like to assign this key result to another member of your team, and add any additional context. Finally, select the desired frequency for check-ins on this key result, and press create.

Now, you have a specific and impactful key result that will necessarily help to improve talent risk management. Here are the other key results that will assist with this goal–

Ensuring that you have strong, specific key results to help support an ambitious Objective is the key to finding success with OKRs.