Lead agile with goals : The OKR method – application in a savings bank DOI Open Access
N. Klein

Gazdaság és Társadalom, Journal Year: 2023, Volume and Issue: 16(4), P. 21 - 46

Published: Dec. 1, 2023

To achieve their corporate goals, savings banks in Germany use several controlling-systems. These systems are often combined with assessment-systems for the employees. Mostly they carried out annually, example as part of discussed conversations. But these still suitable to steer contributions individual em-ployees company goals a more and dynamic world? The OKR method (O stands “Objectives”, KR “Key Result”) possible alternative. was used examined medium-sized bank three years. After first few runs it became clear that modification becomes necessary. For this purpose, author (together manager bank) results from reviews were evaluated. A new concept created an adapted application bank. findings not just interesting banks, but all companies who deal method.

Language: Английский

A study on how to link OKRs model with incentive compensation DOI Creative Commons
Zewei Chen

BCP Business & Management, Journal Year: 2023, Volume and Issue: 45, P. 371 - 381

Published: April 27, 2023

As an emerging tool of Management by Objectives, the Objective-Key Results (OKRs) model has been widely used in management practice recent years; however, academic community not reached a consistent conclusion on whether OKRs should be linked to incentive compensation. The author argues benefits linkage terms common ground two concepts, importance employees' sense fairness, and strengthening effect key indicators. From practical point view, believes that need take advantage KPIs process application, using personal as basis for determining goals self-evaluation score correction indicators measure degree completion, combined KPI+OKR formed will able realize with pay play important reference role future merit evaluation promotion. Therefore, this paper proposes scheme elaborating theory, focusing aspects, namely goal setting result measurement, optimize improve operation OKRs; supplemented cases fully illustrate promotion initiative guiding self-growth.

Language: Английский

Citations

0

Lead agile with goals : The OKR method – application in a savings bank DOI Open Access
N. Klein

Gazdaság és Társadalom, Journal Year: 2023, Volume and Issue: 16(4), P. 21 - 46

Published: Dec. 1, 2023

To achieve their corporate goals, savings banks in Germany use several controlling-systems. These systems are often combined with assessment-systems for the employees. Mostly they carried out annually, example as part of discussed conversations. But these still suitable to steer contributions individual em-ployees company goals a more and dynamic world? The OKR method (O stands “Objectives”, KR “Key Result”) possible alternative. was used examined medium-sized bank three years. After first few runs it became clear that modification becomes necessary. For this purpose, author (together manager bank) results from reviews were evaluated. A new concept created an adapted application bank. findings not just interesting banks, but all companies who deal method.

Language: Английский

Citations

0