What does KRA mean in business?

Key Result Areas
Key Result Areas. Key result areas or KRAs refer to the general metrics or parameters which the organisation has fixed for a specific role.

What is the full meaning of Kra?

Key Result Area
The full form of KRA is Key Result Area or Key Responsibility Area. KRA is a management concept that defines the job position and duty of an employee, and also refers to the different areas of work for which he may take responsibility.

What is KRA and KPI example?

KRA’s are the key responsability areas of a job. The KRAs are the ‘what’ the job is supposed to accomplish; specific objectives are attached to each KRA (the ‘how’), and KPIs (key performance indicators), is the criteria by which you measure accomplishment of KRAs.

Why is KRA important?

Your Key Result Areas define your leadership role and the core value you bring to the company. A leader’s KRAs are the most important drivers of success for a company. Another very important KRA that leaders focus on is employee engagement. Keeping your employees content significantly boosts productivity.

What is KPI in HR?

Human Resources key performance indicators (HR KPIs) are HR metrics that are used to see how HR is contributing to the rest of the organization. This means that a KPI in HR measures how successful HR is in realizing the organization’s HR strategy.

What is kra example?

Examples of KRAs for sales managers or executives include the following: Increase sales from previous period. Increase profit margin from previous period (or year). Increase sales contacts per sales representative.

How is KRA score calculated?

The process of calculating an average numeric rating is to get the total of all section ratings. Then, this total is divided by the number of sections in the performance document. So, if there were four sections in the document, the calculator would divide the total number of numeric ratings by four.

How is KPI weightage calculated?

In the case of weights the following logic is applied:?? Calculate base weight – 100% / # of KPI events. In a case of 4 events this means they should all have 25% as a base weight. Calculate rating sum of weighted counts / base activity count.

What is the meaning of the term Kra?

KRA Meaning: KRA is the abbreviation used for the term Key Responsibility Area. The KRAs are a strategic factor that includes his key job responsibilities.

How does the new law work for Kra?

The new law allows the taxman to monitor transactions using Internet-enabled electronic tax registers. Businesses are required to install new electronic tax registers connected to the KRA’s systems, escalating the war on tax cheats.

Which is a Kra for a training employee?

For example even providing training of adequate quality can be a KRA for a training employee. Getting certain number of units sold could be another. The result of failure of a lower level employee is reflected in the KRA of the higher level employees. Hence, this concludes the definition of Key Result Area (KRA) along with its overview.

What is a key result area ( KRA )?

What is Key Result Area (KRA)? The key result areas or KRAs is a concept on which the individual performance is measured and these are the activities which have an impact on the bottom line of the business. In general it is very difficult to measure.