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What is the full form of KRA?

Full form of KRA: Here, we are going to learn about the KRA, full form of KRA, overview, functions of KRA of HR, etc.
Submitted by Anushree Goswami, on February 29, 2020

KRA: Key Result Area/Key Responsibility Area

KRA is an abbreviation of the Key Result Area/ Key Responsibility Area. It states the most significant job area or responsibility of an individual, company or organization. It alludes to particular areas of results for which an employee, worker or member of staff is responsible. Key Result Area or Key Responsibility Area is determined by the company or organization to evaluate, conclude and decide the individual's quantitative and qualitative analysis ability and skill for a particular job that is assigned to him/her. This statistics, facts, and figures of data can be used as an evaluation and assessment tool as it demonstrates the complete performance of that individual. A detailed objective must be set to develop and advance the effectiveness and competence of the organization.

Classifying Key Result Areas or responsibilities assists employees in several ways, following some of which are given below:

  • It is unambiguous, detailed, and quantifiable.
  • It elucidates the roles and responsibilities.
  • It assists in aligning the roles according to the plan and policy of the organization.
  • It assists employees in focusing on outcomes on the place of activities.
  • It assists in setting goals and objectives and to prioritize their activities.
  • It assists in making value-added decisions.
  • It assists in determining an individual precisely if the result has been achieved and how much in a satisfactory way.
  • It is an area that is absolutely under an individual's control.
  • It can contribute noteworthy value to any business and profession.
  • It is a significant output that then turns out to be an input to the subsequent key result area, or the subsequent person.
KRA full form

Image source: https://www.globallinker.com/mobile/bizforum/article/what-period-should-kras-be-written-for/1151

The KRA takes under around 80% of the work responsibility of an individual or employee.

Following given below are some of the key result areas:

  • Human Resource Management and Development
  • Administration Cell
  • Financial Management
  • Information and Communication technology
  • Research and Development Department
  • Marketing and Promotion
  • Manufacturing
  • Organizational health
  • Customer success rate
  • Employee engagement score
  • Customer Satisfaction.
  • Product Management.
  • Operational Cost Control.

Functions or KRA of HR

  • It schedules and conducts interviews for the recruitment process of employees.
  • It offers training for employees.
  • It evaluates and assesses employees and gives them first-rate growth.
  • It process leaves applications of the employees.
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