Typical OKR Cycles
A typical OKR cycle is quarterly or half-yearly with more and more large companies moving towards a half-yearly cycle with mid cycle reviews.
Company A plans to have 3 levels of OKRs (Company, Team and Individual level) and its accounting year is January to December. Typical half-yearly performance summary cycle for Company A would like as:
- 1-Nov to 15-Dec - 4 to 6 weeks of annual and 1st half (Jan-Jun) planning before the year begins by senior leaders to set company's direction for the next year.
- 16-Dec to 31-Dec - 2 weeks of communication of Company level OKRs.
- 1-Jan to 7-Jan - 1 week for teams or business units to set their OKRs and align them with the Company level OKRs.
- 8-Jan to 15-Jan - 1 week for individual employees to set their OKRs and align them with the Team and or Company level OKRs.
- 16-Jan to 31-Mar - 10 weeks window for weekly 1:1 meetings and monthly check-ins
- 1-Apr to 7-Apr - 1 week for managers to do mid-cycle review and track progress
- 8-Apr to 15-Jun - 9 weeks window for weekly 1:1 meetings and monthly check-ins
- 16-Jun to 23-Jun - 1 week for end of cycle self-reviews and feedback to managers
- 24-Jun-30-Jun - 1 week for scoring OKRs, assign performance ranking by managers
- 1-Jul to 7-Jul - 1 week for calibration meetings between managers and skip-levels to finalize rankings.
- 8-Jul to 15-Jul - 1 week for managers to have performance conversations with individual team members.