KPI vs OKR: Leverage the Latest Trends in Performance Management

Date: 2024-09-13
Time: 9:30am – 5:30pm
Pricing: Member: HK$2,000; Non-member: HK$2,800

CPD Hours: 7

 

Language: Cantonese (with English materials)

 

Venue: HKIHRM, Units 1810-15, 18/F, Millennium City 2, 378 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong (3-minute walk from Ngau Tau Kok MTR station exit A)

Click here for flyer

 

Nowadays many companies use KPIs (Key Performance Indicators) for performance management, but tech giants such as Google and Intel have adopted the OKR (Objective & Key Result) approach in recent years to maximise their business outcomes. KPIs and OKRs complement each other.

 

Key Learnings

 

Module 1 Introduction to Performance Management

  • Concept of Performance Management
  • Difference between KPI & OKR and Their Integration for Better Outcomes
  • Setting Annual Objectives, KPIs, Quantifiable Targets and Key Results
  • Four Perspectives of Performance Measurement & Their Causal Relationship
  • KPI Examples for Companies in Various Industries

 

Module 2 Design & Implementation of Performance Management System

  • Adopting KPI & OKR Setting as Strategic Management Tool
  • Cascading Corporate Strategies and Long-term Objectives
  • Clarifying the Role & Responsibilities of Departments
  • Ensuring the Vertical and Horizontal Alignment of KPIs
  • Transforming KPIs into Key Results
  • The Reporting Format of Corporate & Departmental Performance
  • Case Sharing of Successful Implementation of Performance Management System