OKRs (Objectives and Key Results) is a popular performance management approach for organizations of all sizes. It involves setting specific, measurable, and time-bound objectives, and then tracking progress towards achieving those objectives through key results. OKRs are particularly beneficial for small businesses, as they help align employee goals with the overall vision of the company and keep everyone focused on what’s most important.
What is OKR software?
OKR software is a tool that helps companies manage and track their OKRs. It provides a centralized platform for setting, tracking, and measuring progress towards objectives. The benefits of using OKR software for small businesses include increased transparency, better alignment of employee goals, and improved tracking of progress. We dig into OKR software in depth here.
Factors to consider when choosing OKR software for small business?
When choosing OKR software for a small business, it’s important to consider several key factors, including cost, ease of use, customization, and integration with other tools. Some popular OKR software options for small businesses include Asana, Lattice, Workboard, Weekdone and of course our favourite Zintly!
Key considerations on OKR software for small business
We’ve curated the following list of dedicated OKR software (as opposed to all-in-one services that have an OKR module and usually miss the mark as far as delivering on OKR promises).
| Software | Self-serve | Type | Core functionality | Starting price | Observations |
|---|---|---|---|---|---|
| Zintly | Yes | Dedicated | A simple OKR management solution | US$5/user/month (Cancel anytime & no up-front annual billing) | Full disclosure, this is us. We’re a straight-forward OKR system. No unnecessary features. Fast to implement and maintain. Perfect for small and medium businesses which just want an intuitive way to set, drive and track business performance. |
| Weekdone | Yes | Dedicated | OKR management, check-ins, feedback and recognition | US$8/user/month | On the pricier side. Robust OKR features. Less flexible than some others but a good option if adopting OKRs for the first time. |
| Workboard | No | Dedicated | OKR software for enterprise | US$9/user/month | Reportedly used by tonnes of large businesses. Not pretty but plenty of features. Not great for those just starting out with OKRs. |
| Lattice | No | Dedicated | Goals, OKRs, check-ins and compensation | US$11+/user/month | Expensive but aesthetically pleasing software. Great library of resources to guide you through OKR best-practice. |
| 15Five | No | Dedicated | OKR software, performance reviews and goals | US$8/user/month | Powerful tool but can be less intuitive than others. |
| Huminos | Yes | Dedicated | Goals, OKRs and check-ins | Token/outcome based pricing (i.e. US$1 to create an OKR and US$3 per OKR achieved 😲) | The pricing model disincentivises you to achieve your OKRs… Similar features to other offerings. |
| Fitbots | Yes | Dedicated | OKR software plus consulting | US$7/user/month | One of the few that focuses on selling consulting services. Less full-featured than others but a good option for those new to OKRs. |
| Asana | Yes | All-in-one | Project management + OKR module | US$11/user/month | A capable todo list for consumers and project management tool for business. Their OKR solution is fine but really only if you use Asana in the rest of your business. |
Implementing OKR software
To effectively implement OKR software, small businesses should clearly define their objectives and key results, establish a timeline for achieving those objectives, engage employees in the process, and review progress regularly. This helps ensure that the software is being used effectively and that everyone is aligned on the company’s goals.
Conclusion
In conclusion, OKR software is a valuable tool for small businesses looking to increase productivity, alignment, and transparency. By setting clear objectives and tracking progress, small businesses can ensure they are moving in the right direction and achieving their goals.