Stay on top of the main trends and best practices in HR and Performance Management with Qulture.Rocks!
Since starting Qulture.Rocks, we've noticed a gigantic opportunity in helping companies implement some system that could serve as a management backbone around which everything in the company could revolve and organize.
Performance appraisal is a structured assessment of a team member's individual performance over a given period of time, the goal of which is to improve the company's performance by improving employee performance.
We're definitely not fans of using metaphors and analogies to talk about OKRs, since we think there's a huge risk of not getting the right concepts through to people, but in this case, I think actually tying OKRs to themes closer to people's day to day realities may actually have positive effects on their understanding of what OKRs are and aren't.
We always had a solid hunch our purpose was around helping teams and teams of teams work better together. Our name, obviously, implies we think culture is a potent force in any group of people aligned around a purpose. But we weren't quite sure how to word it, or how to think of it. Then it finally clicked.
We believe OKRs, when well managed, can make or break the success of an organization. And since our mission is to help organizations of all sizes accomplish more, we thought an amazing OKRs feature would make all the difference for our customers.
OKRs are goals. So why all the fuzz? Great point. OKRs are an adaptation of the traditional practice of MBOs suited to the more unstable and competitive reality of today's companies. Given this, let's understand the main differences between what you see Fortune 500 companies doing and what we know as OKRs.
After years of studying OKRs, I can say that 99% of the content available out there does more harm than good for those who want to learn how to use OKRs to drive organizational performance.
Stock options are widely used as employee compensation tools in two big areas: public companies and private technology startups. In this article, we discuss a bit of their use in technology startups, especially in Silicon Valley.