New to HR? Need Help with Employee Performance, KRAs, and Payroll Basics!

Dear All,

Please, can anyone guide me on the following issues? I am new to these topics and need to present them to my superiors:

1) What are the components involved in assessing the performance of an employee?
2) How to frame KRAs and on what basis?
3) How is payroll management related to HR, and how is payroll calculated and generated?

I would be thankful and grateful for your assistance.

Siva

Dear Sivakumar,

Regarding the components involved in the performance appraisal of a particular employee, they would vary between industries. Some of the common components you can consider are productivity, quality, initiative, response, attendance, contribution, and interest towards self-development.

Key Result Areas (KRAs) are framed based on the main ingredients that the outcome or deliverable is projected upon. This may vary based on factors such as quality, delivery time, adherence to client specifications, and employee development.

Regards,
Elamurugu

Dear Elamurugu,

Thank you for the information provided. I need a little more clarification on KRAs. I understand that "projected" means what the company expects from the employee. Please correct me if I am wrong.

Regards,
Siva