What is KRA and KPI?
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Answer Posted / renuka
KRA stands for Key Result Area
How it works I will try to explain.
At first the BOD(Board of Directors) decides upon the
Objectives of the company and set a period specific target.
This Target becomes the KRA of the CEO.
Then it get divided till it reaches the bottom most rung.
KRA of each person is linked and fulfillment of KRA will
lead to fulfillment of objective set by BOD. Hence, if one
person fail it will hamper the attainment of the desired
result.
KPI’s
‘Knowledge, Skills and Abilities’ - Key Performance
Indicators. Tasks that have been agreed between an employee
and line manager/HR with an expectation that they will be
completed satisfactorily in the time agreed or as an
ongoing task.
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