Glossary
KRA
Meaning & Definition
The term “KRA” stands for “Key Result Area,” which is an area of responsibility, objectives, or results that an employee is supposed to perform. KRA serves as a way of defining the performance requirements of an individual by relating the employee’s tasks to organizational goals. KRA in Human Resources Management is applied in performance management and appraisal.
Importance of KRA
- Highlights responsibilities and expectations of employees.
- Facilitates alignment of personal objectives with business goals.
- Enables proper assessment and evaluation of employees.
- Improves accountability and work performance.
- Provides assistance to HR departments in performance management and staffing planning.
Legal Compliance & Regulations
There is no legal compliance that is directly connected with KRAs in India. However, organizations must ensure that the system of evaluating employee performance through KRAs is clear and role-oriented.