How to Identify Key Results Areas and Why? What's the differences in KRAs, goals, objectives and KPIs?
Abstract : Key Result Areas: KRAs are defined objectives that are vital to the performance of an individual employee, a department, or an organization . Key Performance Indicators: A KPI is a quantifiable metric that helps assess whether an organization, department or employee is meeting certain objectives. Key Result Areas (KRAs) are specific, measurable goals that a company or individual sets to track progress and success. They can be used in any context, but are often used in human resources to track employee goals and objectives. KRAs can be specific to an individual or to a team, and should be aligned with the company’s overall strategy. Examples of KRAs include increasing sales by a certain percentage, reducing expenses by a certain percentage, or increasing customer satisfaction by a certain percentage. Measuring progress against KRAs allows individuals and teams to track their progress and make necessary adjustments along the way. Keywords : Key Result Area, Goals