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Dear FriendsWhat is the diffrence between key result area and key responsible area? what is the major role in HR? RegardsNisha
Hi Nisha

The terminologies are almost similar and often used interchangeably. However there is a subtle difference in the terms which can be broadly understood as under.

Key Result Area - focuses on those critical tasks that form the core of a persons work assignments. This means that a person should focus on these tasks and ensure that the outcome of these tasks meet the corporate requirements.

Key responsibilities - refers to the varied tasks that are covered by the persons work profile and depending on his/ her level in the hierarchy these tasks can have very wide scope. Here the person takes on responsibility for ensuring that the tasks are done but often has a team to take care of the operational aspects and lays down specific Key Result Areas for the subordinates to focus on.

KRA is a subset of Key responsibilities.

An example might illustrate the above terms.

A Finance Head will be responsible for all Raising resources, deployment of funds, accounting and financial reporting. However his KRA might pertain to ensuring that funds are raised at the lowest possible interest rates, reducing the overall cost of funds and managing the cash flows.

If we assume that the Finance Head has a Treasury-In-charge reporting in to him/ her the KRA of the Treasury head will include getting the best exchange rates, working out the best swap deals etc. While the Finance Head is responsible for the performance of the Treasury Department, his/ her KRA might only have a passing reference to the Treasury performance.

Trust the difference has been adequately explained.

Regards

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