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HR Terms

HRMS – Full Form and Meaning

Human Resource Management System is a software application that helps manage various functions of human resources. It provides single and centralized management of a company’s workforce by maintaining and storing the relevant data. It uses multiple applications such as talent acquisition, benefits administration, compensation management, performance management, succession planning, and career development. HRMS benefits an […]

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HR Terms

What do You Mean by KRA?

Key Responsibility Area (KRA) defines the role of an employee. It describes the key roles and responsibilities associated with a job profile. It is well-defined and easy to measure. It helps an employee focus on their job roles and perform better. Since the roles and responsibilities of an employee are defined, it helps employees align […]

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HR Terms

Meaning of a Job Description

What is a job description? A job description is the first impression you make as a company to your potential hire. It includes all the essential details regarding a specific job like title, location, summary, duties, responsibilities, good to have skills, salary range, to whom the candidate should be reporting, etc. Creating a job description […]

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HR Terms

Compelling Offer Letter Templates

An offer letter is a formal agreement laying down the terms and conditions of employment. It should be direct and professional containing all necessary details like job title, duties and responsibilities, compensation, etc. A well-drafted offer letter helps the candidate understand what would be expected of him during the employment tenure. What is a Job […]

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HR Terms

KRA and KPI -Concepts and Differences Explained

Key Result Areas (KRA) and Key Performance Indicators (KPI) help companies set goals for their employees and measure performance based on those objectives. Successful companies split the overall organization’s goals into various  KRAs. KPIs are then created and mapped against the KRAs. Management needs both KPI and KRA for a fair evaluation of their employee’s […]