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Setting of KRA
Human Resources » Employee Relations


Chrm Message From: benjamin Total Posts: 27 Join Date: 13/01/2007
Rank: Executive Post Date: 05/01/2008 23:27:23 Points: 135 Location: United States

Team: 

I want to just enquire that while setting the KRA of a person do you keep the project goals in mind and frame them or the companies' goal in mind. Also who and how the KRA of the CEO/Chairman is set.

Can anybody give me an insight into this query of mine?

Thanks

Benjamin

Chrm Message From: rajeshroy Total Posts: 55 Join Date: 13/01/2007  
Rank: Manager Post Date: 05/01/2008 23:28:19 Points: 275 Location: United States

The starting point for all is the Business Plan for the whole company for say 3 years or 5 years. Then, the business plan for the current year followed by actual budgeting exercise (both cost and revenue). This is generally done 3 months b4 the company's financial year. Budgets are further broken down division/department wise. The annual business plan/budget exercise is generally a participative exercise of senior management. The entire annual biz plan is CEOs KRAs. This then flows down to division / department heads and then further down to Managers and so on and so forth.

I hope this answers your question to some extent, feel free to write more if you wish....

Rajesh

Chrm Message From: affluenthr Total Posts: 23 Join Date: 13/01/2007  
Rank: Executive Post Date: 05/01/2008 23:30:22 Points: 115 Location: United States

Dear All,

I understand the KRAs & objectives to be two different yet interrelated things.

The Objectives of the CEO would be basis the business plan of the company/division/country & would be primarily strategic statements like Improve communication within the org. Improve sales by a%%.

The KRAs are the activities which can be measured & shall help in achievement of the objectives like Increase rural sales by x %.

Establish a system of formal & informal commn across all levels in the org through monthly all hands meet etc.

The KRA for the CEO would translate into obj for the the directors & subsequently the people down below.

Cheers

Affluenthr

 
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