2 OKR examples for Compliance Adherence
What are Compliance Adherence 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.
Writing good OKRs can be hard, especially if it's your first time doing it. You'll need to center the focus of your plans around outcomes instead of projects.
We have curated a selection of OKR examples specifically for Compliance Adherence 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 Compliance Adherence 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
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the 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
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
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 Compliance Adherence 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 Compliance Adherence OKRs
OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework. 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.
Compliance Adherence 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 will find in the next section many different Compliance Adherence Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).
Hope you'll find this helpful!
OKRs to improve compliance reviews process
- Improve compliance reviews process
- Implement at least 3 automation tools to streamline compliance review processes
- Evaluate the compatibility and effectiveness of the identified automation tools
- Train employees on using the newly implemented automation tools for compliance review
- Select and implement three automation tools for the compliance review processes
- Research automation tools for compliance review processes
- Reduce average time to complete a compliance review by 20%
- Increase compliance review completion rate to 95%
- Ensure 100% adherence to compliance policies and procedures during reviews
- Provide regular training sessions to employees on compliance policies and procedures
- Create a comprehensive and easy-to-understand compliance policies and procedures manual
- Establish consequences for non-adherence to compliance policies and procedures
- Implement a system for regular reviews and audits of compliance processes
OKRs to enhance the Precision of Collected Data
- Enhance the Precision of Collected Data
- Train team on advanced data handling techniques to reduce manual errors by 40%
- Schedule dedicated training sessions for the team
- Identify suitable advanced data handling courses or trainers
- Organize routine follow-ups for skill reinforcement
- Implement a data validation process to decrease errors by 25%
- Develop stringent data validation protocols/rules
- Train team members on new validation procedures
- Identify current data input errors and their sources
- Develop and enforce a 90% compliance rate to designated data input standards
- Conduct regular compliance audits
- Develop training programs on data standards
- Implement benchmarks for data input protocol adherence
More Compliance Adherence OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to improve promotion and sponsorship package development OKRs to establish monthly brown bag/office hours with IT OKRs to enhance the quality standards of our product portfolio OKRs to enhance product value and user discovery speed OKRs to boost capabilities in efficient time management OKRs to boost the sales performance to reach 1.44 million
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