On the morning of February 17, Liang Rubo, CEO of Beijing-based web know-how firm ByteDance, despatched an inside letter to all staff, saying that he would modify the cycle of setting and reviewing of efficiency targets from bimonthly to quarterly. The cycle of Objectives and Key Results (OKR) and conferences would even be modified.
According to the brand new cycle, the newest bimonthly assembly inside ByteDance can be adjusted from early March to early April. Liang mentioned within the letter that the principle motive for this alteration up is that a lot of the companies are comparatively mature, and the bimonthly change gained’t affect their operations.
In addition, a extra versatile schedule might be utilized to particular companies. For instance, if a enterprise is altering quickly or in a essential interval, the chief can select to add a overview assembly in the course of each quarter. If a enterprise is altering slowly, overview conferences might be held each two quarters. Some thematic conferences is also added to deepen the dialogue amongst staff.
Liang has beforehand identified some issues with the bimonthly conferences, resembling lengthy preparation occasions, much less new data and high quality discussions. But he acknowledged that these phenomena don’t have anything to do with the frequency of conferences, nor are they the explanations for the newest adjustment.
In truth, he believed that these issues wanted to be solved by strengthening total assembly effectivity, requiring clear and easy paperwork, and setting up extra helpful plans.
OKR originated from Intel, was launched to Google in 1999, after which turned widespread with corporations all through Silicon Valley. While most Chinese Internet corporations are nonetheless pushed by Key Performance Indicators (KPI), OKR has been in use at ByteDance since a 12 months after the corporate’s institution.
For a very long time, ByteDance didn’t implement working hours. However, the design and activity quantity of bimonthly OKR is tough for workers to end whereas making certain that they get off work on time. According to a World Observation report, a former ByteDance worker as soon as mentioned that OKR set the gap and time for the subsequent 100 meters each 100 meters, and that the participant was like a donkey pulling a mill, consistently shifting ahead. The that means is that there by no means appeared to be an finish to aim setting.
SEE ALSO: Tsinghua Master’s Graduate Bemoans ByteDance’s “Maliciously Low” Monthly Salary of $2,947
In the previous ten years, ByteDance has maintained a fast enterprise improvement with many merchandise resembling content material discovery platform Toutiao, TikTok and its sister app Douyin in China, and has turn out to be an organization with greater than 100,000 staff. Bimonthly critiques typically don’t match the general tempo of enterprise output when corporations aren’t rising that quick.
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