There’s a stark contrast between organizations using rankings, ratings and annual reviews to provide feedback to employees, and organizations with OKR goal-setting and continuous feedback techniques in place. Simply put, traditional performance management techniques fall short. To succeed, high-performing teams should be helping employees learn and grow, and aligning the company on reaching the short term goals that lead to long-term strategic execution.
In a recent survey of BetterWorks customers, we found just how big of an impact OKRs and ongoing feedback have on organizations of all shapes and sizes. As the below infographic illustrates, our customers have used OKRs and ongoing feedback to increase organizational productivity, employee engagement, transparency, alignment, clarity and focus- all the best qualities of high performing teams.