KPIs are quantifiable and measurable values, which are used to evaluate and measure the success of a company or employees. We will share the key performance indicators for employees, and the difference between KPI and KRA, which every business owner should be aware of.īut first, let’s understand these terms: What is KPI and KRA? What is KPI or Key Performance Indicators? ![]() KRA is Key Result Area or also known as the Key Responsibility Area and KPI is Key Performance Indicators. When it comes to measuring success, then KPI and KRA are two key measurable values that help business owners to gauge their success and progress. Measuring and tracking success is important because it gives you a clear picture of your journey: Where you are right now, where you are going, how soon can you reach it, and who will help you reach your destination.īusinesses that don’t measure the growth and performance of their employees are often diverted from their primary goals and end up wasting time and resources which could otherwise have been utilized for their success. ![]() Measuring growth and goals is considered one of the most important activities of a business. ![]()
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