Power Productivity with New Features in Profit.co:
OKRs:
- Contributing & Non-Contributing KRs: Profit.co allows you to do a bottom-up alignment of Contributing & Non-Contributing objective as a key result to the target Objective.
- Collapse/Expand in Department Progress: Profit.co has introduced the Collapse and Expand feature for departmental OKRs.
Performance Management:
- KR Associated Goals: Users can now view the Goals associated with any Key Results that are summarized to give you an overview. This allows users to view all the goals with their corresponding key results from a single window.
- Download Reports for Performance Improvement Plan [PIP] : Users, HR Admin, and HR Business Partners can download reports for the Performance Improvement Plan in a spreadsheet format.
- Download Reports for Individual Development Plan [IDP] : Users , HR Admin and HR Business Partners can download reports for the Individual Development Plan in a spreadsheet format.
- Rating Grid: Just like 9 Box Matrix Users can evaluate the Assessments, Scores, and Ratings.
User Management:
- Add-on Roles: Create Add-on Roles for the users to provide access or privilege to view certain modules.
UI Enhancements:
- Search your OKRs using Keywords: The improved search result page will show the objective and key results details in a simple view rather than showing them in the tabs.
- Affinity Chart in the Performance review: Matrix managers can state their affinity level to an employee and the matrix manager line will be displayed on the affinity chart.
- Matrix Manager Assessment Notification: Users will be notified by email and in the action center when the matrix manager submits the assessment.
- Review Summary Information and Scores calculation: Users can select the formula that needs to be displayed for any review summary information for assessments. For each enabled formulae, a new column would be added to each of the reviews and pending status will appear for unsubmitted reviews.
- HR Dashboard: Super Users can select the formula that needs to be displayed for any review for a HR admin (also known as initiators) from Review Summary Information. Enabled formulae will be added to the review and displayed in the HR Dashboard.
- PIP Sign-off: Mentors and managers can now perform Sign Off for the PIP of an employee.
- 1:1 Meetings: Profit.co has made new design improvements on scheduling 1:1 meetings with your coworkers.
- Reflect/Reset: Profit.co has made new design improvements while doing reflect/reset for Objectives and Parent Key Results with Sub Key Results.
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
1. Being in charge of the entire finance department, the Chief Financial Officer (CFO) must be equipped to oversee daily business obligations as well as long-term planning for finances in an organization. OKRs for CFOs are quite valuable since they facilitate them to comprehend the performance of their finance team and aid in growth and development. In this Profit.co article, you can discover how OKRs can help CFOs. OKRs through a CFO’s lens.
2. Strategic OKRs are the long-term plans a business has put in place to assist it to accomplish its main goals and Tactical OKRs are the goals of different individuals in the organization who contribute in different ways to the accomplishment of overall goals. Most businesses will already have an OKR strategy in place to execute the procedure and bridge the execution gap. Learn more about it from this Profit.co article. What are Strategic and Tactical OKRs, and Why Do They Matter?
3. Strategic planning is the process of creating an organization’s vision, defining its goals, and developing a course of action for achieving these aspirations. This can help in detailing specifics like short-term goals, project planning, and everyday operations of the company, which primarily concentrates on mid- to long-term goals that can be managed to fulfill over a longer period of time. Learn more about strategic planning from this Profit.co article. What is Strategic Planning? What are the Steps Involved in Creating a Strategic Plan?
4. Business strategy results from all decisions and actions taken to achieve a greater goal. It regulates all of the organization’s daily activities, corporate objectives, policies, and processes. The business strategy establishes the groundwork for an organization’s growth. Additionally, it evaluates risks and develops strategies for mitigating them. Learn more about business strategy from this Profit.co article. What is Business Strategy? A Complete Guide
Performance Management
This creative method of product development is beneficial to any business that produces products or provides services. Every aspect of organization is impacted by a project-to-product mindset (P2P), including the creation of agile workflows, budgeting, and customer support. This article from Profit.co will help you understand P2P. Project to Product
Employee Engagement
1. Covid19 has caused organizations to shift and adapt to hybrid work models. The fundamental purposes of a hybrid workplace are to promote a healthier work-life balance and give employees more flexibility with regard to their work schedules and locations. Check out this post from Profit.co for more information on how to improve employee experience in a hybrid workplace. What is Hybrid Culture, its Benefits and Challenges?
2. Hybrid businesses gaining traction in the post-Covid era. This revolutionary organizational model has the potential to profoundly revolutionize the way we work. Hybrid teams can be an excellent way to test brand-new products, initiatives, or concepts rather than having the internal team develop the MVP and complete all the work. Learn more about hybrid teams from this Profit.co article. Everything You Need To Know About a Hybrid Team: Definition, Advantages, Best Practices and FAQs.
3. We now live in a post-pandemic era where hybrid working is a fundamental tenet. A new perspective and set of abilities are required for hybrid leadership. These abilities encourage collaboration so that workers are productive no matter where they are. In a position to respond to changes and effectively manage hybrid teams, leaders must have certain competencies. Learn more about hybrid leadership from this Profit.co article. Evolving Hybrid Leadership in a Hybrid Workplace.
4. A work environment that incorporates remote and on-site work arrangements is known as a hybrid culture. Hybrid work cultures quickly replaces traditional ones as the world learns to cope with the humanitarian health crisis. Change brings new challenges with it. Learn more about challenges in hybrid work culture from this Profit.co article. Hybrid Work Challenges and How to Overcome Them.
KPIs Library
1. Programs for diversity, equity, and inclusion (DEI) are often used by organizations to reduce workplace prejudice and unconscious bias. Diversity analytics is being used by HR managers to identify problem areas and collect feedback in order to ensure that DEI projects succeed. Learn more about it from this article from Profit.co. 5 DEI Metrics an Organization Should Measure
2. Software as a service is referred to as SaaS. The SaaS model allows you to buy a license for software that is hosted on a server and use it entirely online rather than installing it on a computer, in contrast to other traditional software delivery models where you must make the full payment to buy a specific version of the software from a retail store or website and install it on a computer. Learn more about SaaS from this Profit.co article. 8 Essential ‘SaaS Metrics’ that a SaaS Company Should Track.