I have to design performance appraisal policy. So i want some KRA formats with some calculations examples on the basis of increments will be given to employees.
From India, Una
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2From India, Una
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KRA stands for Key Result Area, and KPI stands for Key Performance Indicator. Without KRA being fixed at the beginning of the financial year, the KPI is based on the KRA. For example, if you set a KRA of achieving a 20% increase in profit, the KPI could be 10% from new customers and another 10% from existing customers.
Another scenario could involve setting a KRA of reducing costs by 20% at the start of the year. In this case, the performer's KPI could be set at 10% from existing suppliers and 10% from new suppliers.
From India, Madras
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Another scenario could involve setting a KRA of reducing costs by 20% at the start of the year. In this case, the performer's KPI could be set at 10% from existing suppliers and 10% from new suppliers.
From India, Madras
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Its very good explaination. Thank You. but i want some KRA and KPI format sample. how can i calculated with example.
From India, Una
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From India, Una
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Dear Farm Direct,
Earlier, I uploaded a sample KPI and KRA Manual. You can refer to it by clicking the following link: https://www.citehr.com/520630-samle-...-download.html
By the way, the purpose of Performance Appraisal (PA) is not just salary increase. Recently, there was a query on PA becoming ineffective as employees only focused on the salary increase and did not take feedback seriously. You can refer to it by clicking the following link: https://www.citehr.com/603731-not-ti...ml#post2405156
Thanks,
Dinesh Divekar
From India, Bangalore
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Earlier, I uploaded a sample KPI and KRA Manual. You can refer to it by clicking the following link: https://www.citehr.com/520630-samle-...-download.html
By the way, the purpose of Performance Appraisal (PA) is not just salary increase. Recently, there was a query on PA becoming ineffective as employees only focused on the salary increase and did not take feedback seriously. You can refer to it by clicking the following link: https://www.citehr.com/603731-not-ti...ml#post2405156
Thanks,
Dinesh Divekar
From India, Bangalore
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Performance Appraisal Form for Staff.doc