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How We Set Goals (OKRs)

This page is maintained by

Stephane Roux

TL;DR: Our 8-week OKR cycle (and what our OKRs look like)

Introduction

At Wonder, we use Objectives and Key Results (OKRs) to set goals for the whole company. Our OKR cycle goes over 8 weeks. This is because most of the company works in 2-week sprints, so it's easier to think of each planning phase to contain 4 sprints. Each department sets their own OKRs based on the company objectives. Half-way through and at the end of the OKR cycle, everyone sends a brief written update to the company about where they stand.

What does the process look like?

Week 1 - πŸ’«

  • Monday morning, we send the company objectives for the upcoming 8 weeks to the team in writing. Around noon, we have an all-hands meeting where we look back at the last period, celebrate some successes and look forward to the next 8 weeks.
  • Over the course of the week, each department sets their own OKRs. This process is led by each department lead and supported by the lead of someone from the executive team.
  • On Friday, each department lead shares their department's OKRs with the rest of the company

Week 2 - πŸš΅πŸ»β€β™€οΈ

Week 3 - πŸ§—πŸΌβ€β™‚οΈ

Week 4 🀸🏿

  • At the end of the 4th week, each department writes a little update to report on their progress in the OKR table. This update is directed at the executive team, but is available to everyone at Wonder. The executive team reads all updates and might come back with questions

Week 5 - πŸš΅πŸ»β€β™€οΈ

Week 6 - πŸ§—πŸΌβ€β™‚οΈ

Week 7 - 🀸🏿

  • At the end of the 7th week, each department head fills out a little update to report on their progress in the OKR table (same as week 4)
  • On Friday, our leadership reviews the last 7 weeks, sets the strategic objectives for Wonder and suggests some key results. Last chance to push towards hitting those goals!

Week 8 - ✌🏽

  • On Monday, we send around the a draft of the OKRs to the company. Each leader discusses them in their respective team and asks for feedback. On Friday, the OKRs are finalized, so that they can be sent around to the team in writing.

Weeks 1 -8: REPEAT!

What is expected of me?

  • Challenge the company OKRs: in the last week of each OKR cycle, your manager will bring the suggested OKRs into the team and discuss them with you and your teammates. This is where you challenge and give your input.
  • Check that you are on track to achieve your goals frequently: when you and your team get together, you should always have a quick look at your OKRs and make sure you are on track. If you're not, flag it and the wider team will make sure to either reprioritize, help each other, or adjust the goals.